Investors

The workshop in Hamburg on December 5 (Photo: VNA) Berlin (VNA) – The Hamburg Chamber of Commerce and Industry (IHK) and the German Asia-Pacific Business Association (OAV) held a workshop on investment in Vietnam on December 5, attracting about 50 major enterprises from the German city and nearby areas. Addressing the event held at the IHK headquarters, Vietnamese Ambassador to Germany Vu Quang Minh highlighted some outstanding outcomes of German Chancellor Olaf Scholz’s recent visit to Vietnam, noting the trip showed that Germany views Vietnam as a trustworthy partner in not only politics and security but also economy, trade, and investment. Amid numerous global uncertainties and German enterprises’ intention to diversify business ties, Vietnam is one of the leading and trustworthy destinations for investors, he went on, suggesting the two sides expand partnerships to renewable energy, green technology, digital economy, sustainable development, environment, farm … [Read more...] about Hamburg workshop spotlights chances in Vietnam for German investors

The Vietnam stock market witnessed another distribution session with a sharper decrease in the trading session on December 6 after a long winning streak nearly three weeks ago. Nearly 150 stocks across the market hit the floor, including many large-cap stocks dropping drastically, pulling the VN-Index down by nearly 45 points. The positive information on the expansion of credit room from the SBV seems to have been absorbed into the stock price, so in this trading session, domestic investors have massively sold stocks, causing several real estate, securities, banking, and steel stocks to fall to the floor. The selling pressure mainly came from domestic investors because foreign investors continued to buy nearly VND785 billion on the HoSE. A series of blue-chip stocks were sold, causing many stocks to plunge deeply. All 30 largest-cap stocks on the HoSE plummeted. Of these, VPB, VRE, HPG, PDR, GVR, MBB, STV, and VIB fell to the floor, putting great pressure on the index. Many other … [Read more...] about VN-Index loses 45 pts as investors dump banking, real estate, securities stocks

Digital economy, information, and telecommunication are vital to driving the bilateral economic partnership. South Korea is willing to share its technological expertise to boost its economic partnership with Vietnam in the next 30 years, Choo Kyung-ho, Deputy Prime Minister cum Minister of Economy and Finance of the Republic of Korea, said on December 6. Vietnam's President Nguyen Xuan Phuc (center) joins Vietnam-South Korea Business Forum on December 6. Photo: Vietnam News Agency Choo Kyung-ho made his statement at the Vietnam-Korea Business Forum held in South Korea with the participation of Vietnamese President Nguyen Xuan Phuc, senior officials, and more than 500 representatives of businesses of the two countries. He expressed his hope that the two nations would see further cooperation in developing green growth, a digital economy, new industries, and exchanging technology and manpower. He also urged the Vietnamese and South Korean governments to … [Read more...] about South Korea, Vietnam ready to boost tech cooperation

Vietnamese Prime Minister said climate response requires a global approach to ensure people-centered solutions. Vietnam expects to accelerate the negotiation process with the UK and EU regarding the establishment of the Just Energy Transition Partnership (JETP), said Prime Minister Pham Minh Chinh at a meeting with Ambassador of the EU to Vietnam Giorgio Aliberti today [December 6]. Prime Minister Pham Minh Chinh and EU Ambassador to Vietnam Giorgio Aliberti in Hanoi on Dec 6. Source: VGP The world is undergoing an energy transition as climate change has emerged as a global challenge. “This requires a global approach to strengthen solidarity and multilateralism, along with a people-oriented solution that puts the people at the center, the engine and objectives for development,” Chinh said. Such a process, however, should ensure justice and fairness for each country involved, Chinh added. In the case of Vietnam, Chinh called for the EU to assist the … [Read more...] about Vietnam expects to accelerate negotiations for Just Energy Transition Partnership

Han Jong-hee, Samsung Electronics vice chairman and CEO, and Vietnamese State President Nguyen Xuan Phuc. Photo: VNA The announcement was made at a meeting between Han Jong-hee, Samsung Electronics vice chairman and CEO, and Vietnamese State President Nguyen Xuan Phuc on the morning of December 6, on the sideline of the president's official three-day visit to South Korea. "Samsung has set very clear targets and will carry out our projects in Vietnam effectively. We will develop new young human resources and focus on AI, and big data," said Han. State President Nguyen Xuan Phuc appreciates the expansion plan of Samsung to pour an additional $2 billion into Vietnam. He proposed the conglomerate pay more attention to supporting industries and smart technologies, contributing to enabling Vietnam to be a manufacturing hub and seize new opportunities. He invited Samsung to join the upcoming innovation exhibition in Vietnam. Jong-hee said that the … [Read more...] about Samsung to raise total investment in Vietnam to $20 billion

Last week’s seminar covered everything ESG, from initial investment considerations to pursuing new values The European Union is set to apply a carbon border adjustment mechanism (CBAM) as early as 2023 when European companies must start reporting emissions of imported goods, although they will not need to purchase CBAM certificates until 2026-2027. The Council of the EU and the European Parliament are yet to decide on the exact timeline. The CBAM would tax imported goods exported to in EU markets on the basis of their carbon content, which depends on their material and energy inputs. The mechanism will initially apply to the highest-emitting industries most at risk of leakage – such as iron and steel, cement, fertilisers, aluminium, and electricity generation – and will likely be expanded to other sectors in the coming years. “This will affect exporters from Vietnam,” said Nick Wood, senior advisor of FTI Consulting at last week’s seminar on environmental, social, and … [Read more...] about Determination on show by businesses to be ESG ready