Singapore has 1,379 valid projects in Vietnam worth a combined amount of nearly 33 billion USD as of February this year, ranking third among 101 countries and territories investing in Vietnam, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. The projects are distributed across 44 of 63 provinces and cities across Vietnam, a majority of which are operating in Ho Chi Minh City with 686 projects worth more than 9 billion USD, and Hanoi with 226 projects worth 4.17 billion USD. Singapore has so far invested in 18 of the 21 sectors in Vietnam. A project funded through a Singaporean investor in Vietnam costs an average of 24 million USD, above the average 14 million USD investment for general foreign projects in Vietnam. Of these, the processing and manufacturing have attracted the largest investments from Singapore with 426 projects and a total capital of 13.37 billion USD (40.5 percent of the total Singapore invested capital in Vietnam). … [Read more...] about Bản in : Singapore among top three investors in Vietnam
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US aims to become Vietnam’s top investor – News – Investment
The Hanoitimes - Since the normalisation of relations 20 years ago, the US has built its share in Vietnamese market towards becoming the country’s top investor, considering the huge potential of the impending Trans-Pacific Partnership agreement and the birth of the ASEAN Economic Community later this year. Just two decades ago, the US foreign direct investment (FDI) flow to Vietnam was non-existent. Several US multi-national conglomerates, though they considered Vietnam a promising market, had to do business indirectly through a third country. After US President Bill Clinton declared a full lift of the embargo on Vietnam on July 12, 1995 and the bilateral trade agreement was signed in 2000, US inflows into Vietnam have come in droves. Giants operating in beverages, information technology, software, automobiles and energy such as Coca-Cola, PepsiCo, P&G, IBM, Cargill, Microsoft, Ford, Chevron and UPS, one after another, injected huge amounts of capital into Vietnam and … [Read more...] about US aims to become Vietnam’s top investor – News – Investment
PM Nguyen Tan Dung cheers Vietnamese investors in Myanmar – News – Investment
The Hanoitimes - Prime Minister Nguyen Tan Dung attended a ceremony on June 23 to mark the completion of the first phase of construction of the Hoang Anh Gia Lai Myanmar Centre in Myanmar during his visit to the country to attend the 7 th Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit and the 6th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit . The PM also participated in a similar event on the same day to inaugurate activities of the financial and insurance companies of the Bank for Investment and Development of Vietnam (BIDV) in Myanmar. He praised the Association of Vietnamese Investors to Myanmar (AVIM), BIDV and the Hoang Anh Gia Lai Group for their efforts to promote trade and investment activities in Myanmar, saying positive business results reaped by Vietnamese firms in the country contributed practically to the bilateral relations. While highlighting the potential for the two countries to boost their cooperation, he urged AVIM to increase its role … [Read more...] about PM Nguyen Tan Dung cheers Vietnamese investors in Myanmar – News – Investment
Vietnam welcomes RoK investors – News – Investment
The Hanoitimes - Party General Secretary Nguyen Phu Trong affirmed Vietnam`s willingness to offer favourable conditions for foreign investors, including those from the Republic of Korea (RoK), to run their smooth operations in Vietnam. The Party chief made this remark in Seoul on October 1 during a ceremony to grant the Samsung Group its investment licence to build a US$1.4 billion electronics production factory in Ho Chi Minh City’s Saigon Hi-Tech Park, which is scheduled to become operational by 2016. He said that due to the political determination of the two countries and the support of their peoples and business communities, bilateral cooperation between Vietnam and the RoK had grown in all fields. Praising the efficiency of Samsung’s operations in Vietnam, he said he hoped the Samsung Group would continue to expand its investments in Vietnam into new areas for mutual benefit. Samsung representatives thanked the Vietnamese side for its support, which enabled the … [Read more...] about Vietnam welcomes RoK investors – News – Investment
Czech Republic investors seek opportunities in VN – News – Investment
However, while last year's turnover reached US$546 million, Duong said co-operation had yet to reach its full potential. There were only about 30 Czech investment projects in Viet Nam, mainly in the fields of glassware, construction materials, electronic equipment and food processing. Commerce Counsellor Nguyen Thang Long said Viet Nam was looking at importing machinery, equipment and high-tech products from the Czech Republic, as well as spare parts and raw materials.Long said Viet Nam welcomed Czech enterprises and investors to come to the country and research market conditions, seek partners and build alliances with a view to producing in or exporting to Viet Nam or third countries. He added that a number of Czech businesses were currently drafting investment plans for operations in Viet Nam. Deputy minister of trade and industry Do Thang Hai expressed hope that the upcoming free trade agreement (FTA) between Viet Nam and the EU would help Viet Nam connect the Czech Republic and EU … [Read more...] about Czech Republic investors seek opportunities in VN – News – Investment