Prime Minister Nguyen Xuan Phuc gives a speech at the Vietnam EU-Belgium Business Forum. The event, jointly held by the Vietnam Chamber of Commerce and Industry (VCCI), Belgian Vietnamese Alliance, embassies and trade offices of Vietnam and Belgium, brought together Chairman of the Belgium – Vietnam Friendship Alliance Andries Gryffoy, leaders from several Vietnamese ministries and sectors along with nearly 200 business representatives from both nations. In his remarks, Andries Gryffoy said the involvement of roughly 200 Belgian, Vietnamese and EU businesses in the forum showed their intense interest in seeking opportunities for business cooperation. The participating businesses- are seen as potential investors for Vietnamese enterprises- operate in a wide range of areas such as health, real estate, green energy, food, beverages, and seaport infrastructure. Belgium has a business-friendly government, dynamic research environment, international standard education system … [Read more...] about Vietnam ready to open its door for Belgian and EU investors
Investors
Drawing investors’ money and intellectual capital
Experts said that drawing investment from private investors in the period is not only drawing their money, but also their intellectual capital and knowledge management. Join us to explore the issue. This Foreign Direct Investment enterprise has invested in agriculture and food processing in Vietnam for years. Initially, it set to use domestic materials for its production, but failed to do so. This year, it needs 18,000 tonnes of potatoes for production, however, local farmers are able to supply only 40 percent of the demand, leaving the rest of 60 percent for Chinese suppliers. This company wants to work with research institutes to create new varieties of good-quality potatoes that can meet all of its raw material needs. That fact shows if businesses team up with research institutes right from the creation of varieties, they could gain immense outcomes. A coffee cooperation program between businesses, scientists from the Western Highlands Agro-Forestry Scientific and Technical … [Read more...] about Drawing investors’ money and intellectual capital
Vietnam to open public procurement market for foreign investors
The Hanoitimes - The signing of the EU-Vietnam Free Trade Agreement (EVFTA) will create a big step in Vietnam’s government procurement field as foreign investors will be allowed to take part in the market for the first time. Government procurement is about how public authorities spend public money when buying goods, works or services. This can range from buying IT equipment or providing water, gas and electricity, to building a hospital or a road. Healthcare takes up 67 percent of Vietnam’s total public procurement market value Currently, foreign firms are not permitted to engage in bidding activities for government-funded projects as Vietnam has not agreed to make its government procurement subject to the Government Procurement Agreement of the World Trade Organization. However, the country is taking this step for the first time with the EVFTA, which is due to be ratified next year. Under the deal, European companies will be able to bid for public … [Read more...] about Vietnam to open public procurement market for foreign investors
HCMC remains top draw for foreign investors
(VEN) - In the first eight months of 2018, Ho Chi Minh City (HCMC) attracted US$5.18 billion of foreign direct investment (FDI), maintaining its position as the country’s top investment draw. The Saigon High Tech Park has attracted investment from major groups worldwide Foreign investors In the first eight months, the city granted licenses for 640 FDI projects with total capital of US$558.63 million, a 22.2 percent increase in the number of projects and equivalent to 70 percent of total project capital licensed in the same period last year. Processing and manufacturing industries were most attractive to foreign investors, with 24.5 percent of FDI concentrated in these sectors. The real estate sector ranked second with 23.1 percent, followed by wholesale, retail and auto repair, motorcycles and other types of motorized vehicles (22.4 percent); technical activities, science and technology (14.5 percent); information and communications (six percent). Business investment … [Read more...] about HCMC remains top draw for foreign investors
PM woos US investors with securities market appeal
Prime Minister Nguyen Xuan Phuc (first row, middle) and Minister of Industry and Trade Tran Tuan Anh (second row, third from the right) at a meeting with US business representatives The meeting with investors and business representatives was held on the sidelines of PM Phuc’s address to the 73rd UN General Assembly in which he described Vietnam’s success in eradicating hunger and poverty and underscored its potential for progress in digitalization and commerce. Addressing leaders and representatives of 193 UN member nations, the PM noted that his country was one of the few that had accomplished many of the Millennium Development Goals set by the UN for 2015, especially in terms of hunger eradication and poverty reduction. The head of the Vietnamese government also highlighted Vietnam’s active and responsible contributions to the international community. Phuc, joined by Minister of Industry and Trade Tran Tuan Anh, participated in a dialogue with more than 40 … [Read more...] about PM woos US investors with securities market appeal