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Hanoi welcomes the South Korean company's plans to participate in environmental and urban projects in the city. South Korean businesses are seeking investment opportunities in fields of green growth, environment, climate resilience, smart city, and waste treatment in Hanoi. Overview of the meeting. Photo: Thanh Hai South Korean Ambassador to Vietnam Park Noh-wan delivered South Korean businesses' wishes during a meeting with the Secretary of the Hanoi Party Committee Dinh Tien Dung on August 2. According to Park, a cooperation mechanism is necessary for Hanoi’s authorities and South Korean businesses to address any emerging issue, and they called for the city to help contractors accelerate several projects, including a shopping mall in the West of Hanoi, and a project of Charmvit Corporation in Soc Son District. The ambassador also proposed both sides hold an investment conference to discuss cooperation opportunities in the future. Park noted the two … [Read more...] about S.Korea businesses seek investment opportunities in Hanoi

At a meeting with the leader of the southern province of Binh Duong last week, chairman of Sharp Corporation Yoshihiro Hashimoto revealed an expansion plan in the locality. Investors already with factories in the country are demonstrating that they trust the business climate here, Photo: Le Toan Sharp Group is exploring opportunities in the southern provinces of Vietnam, including Binh Duong, to move the supply chain away from the Chinese market, promoting market diversification and distribution, according to Hashimoto. “In the coming time, Sharp will continue to expand and build one more large-scale factory, oriented to develop high-tech and advanced products,” he said. Binh Duong is assessed as a locality with an attractive investment environment, in line with Sharp’s criteria. The group has two production factories located in Vietnam, at Singapore Industrial Park (VSIP) I and an extended VSIP II. Sharp hopes to be supported in construction land, labour, and … [Read more...] about New foreign capital stutters despite overall deal boost

Southeast Asia's biggest economy has been trying to get Tesla to set up a production facility in the country, which has major nickel reserves. President Joko Widodo met with Tesla founder Elon Musk earlier this year to drum up investment. "We are still in constant negotiation with Tesla ... but they have started buying two excellent products from Indonesia," Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said in an interview broadcast on Monday. He said Tesla signed a five-year contract with nickel processing companies operating out of Morowali in Sulawesi island. The nickel materials will be used in Tesla's lithium batteries. Tesla did not immediately respond to a Reuters email seeking comment. Indonesia is keen to develop electric vehicles and batteries industries at home and had stopped exports of nickel ore to ensure supply for investors. The move had successfully attracted investments from Chinese steel giants and South Korean companies like … [Read more...] about Indonesia says Tesla strikes $5 bln deal to buy nickel products: media