Japanese investors are increasingly attracted to the Vietnamese real estate market For the past year, many Japanese investors have co-ordinated with Vietnamese counterparts to develop property projects in the country. The largest project to come from Japanese investment so far, Sumitomo and BRG Group are expected to start construction of a $4.2 billion smart city in Hanoi this year. Elsewhere, Mitsubishi has also co-operated with Vietnamese property developer Bitexco to create 240 low-rise housing units and two high-rise condominiums out of a proposed total of more than 1,000 low-rises and 17 high-rises at The Manor Central Park project, also located in the capital. Mitsubishi has recently decided to pour a total of around $500 million to develop a range of projects developed by domestic Phuc Khang Group. “Major cities like Hanoi and Ho Chi Minh City have high population density and large-scale economies, while the housing supply still limited. The improving … [Read more...] about Japanese investors flock to real estate
Stewart investors worldwide sustainability fund
Hoa Lac Hi-tech Park capable of attracting major investors worldwide
The Hanoitimes - The Hanoi-based hi-tech park expects to attract quality projects creating high spill-over effects to the city and surrounding provinces. Hoa Lac Hi-tech Park sets target to attract US$ 1 billion in investment in 2018 PM: Concentrating all resources to develop Hoa Lac Hi-Tech Park Vingroup to build US$51-million hi-tech production plant in Hanoi Following Vietnam’s first aircraft engine parts factory with investment from South Korea’s Hanwha Aerospace in Hanoi-based Hoa Lac Hi-tech park last December, Nguyen Trung Quynh, deputy head of the Management Board, expected the park to be capable of attracting major investors worldwide. Illustrative photo. Investors from South Korean, Japan, among others, have been selective in searching for possible investment destination, according to Quynh, adding that Hoa Lac Hi-tech park could now meet the demand of both local and foreign investors. Recently, domestic enterprises, especially … [Read more...] about Hoa Lac Hi-tech Park capable of attracting major investors worldwide
Textile industry joins hands with WWF to promote sustainable energy, water use
The Việt Nam Textile and Apparel Association and conservation organisation World Wide Fund for Nature launched two flagship products and an initiative designed to promote improved river basin governance, improve water quality and develop sustainable energy use in the textile and garment sector on Wednesday.— VNA/VNS Photo Nguyễn Lành HCM CITY — The Việt Nam Textile and Apparel Association and conservation organisation World Wide Fund for Nature launched two flagship products and an initiative designed to promote improved river basin governance, improve water quality and develop sustainable energy use in the textile and garment sector on Wednesday. The “Exploring water risks and solutions for the textile and garment sector in Việt Nam” report and “High-resolution Mekong regional water risk filter” tool along with “Greening Việt Nam’s textile and garment sector through improved water management and … [Read more...] about Textile industry joins hands with WWF to promote sustainable energy, water use
Foreign funds want law changes to further invest in Vietnam
The Hanoitimes - According to the funds, though the FOL is raised to 100 percent under Decree No.60/2015/ND-CP, it still prevents foreign investors from pouring funds into the conditional business lines. Many foreign investment funds expect the State Securities Commission (SSC), the country's stock market watchdog, to supplement and revise some provisions of the draft Law on Securities in a move to stimulate foreign trading in the local stock market. Foreign holding at Vietnamese banks is capped at 30 percent The provisions relate to the foreign ownership limit (FOL) and the non-voting depository receipts (NVDR). The recommendation was made at a recent dialogue between SSC and representatives of 13 members of the Asia Trader Forum (ATF) including Dragon Capital, Vinacapital, Flanklin/Templeton HK, HSBC Global Asset HK and PXP Vietnam Asset Management. At the meeting, the funds expressed their concerns about the FOL and suggested the introduction of … [Read more...] about Foreign funds want law changes to further invest in Vietnam
World Bank fund for poorest countries issues US$1.5b bond
The World Bank fund dedicated to helping the world's poorest countries on Tuesday (Apr 17) announced it has raised US$1.5 billion in its first-ever global bond issue, which enjoyed huge demand from investors. World Bank fund for poorest countries issues US$1.5b bond The International Development Association (IDA) issued a five-year AAA-rated bond which had nearly five times more demand than the amount initially offered for sale, the World Bank said in a statement. "Today's bond issue will allow IDA to tap into the power of capital markets to tackle some of the world's biggest challenges and help millions lift themselves out of poverty," World Bank President Jim Yong Kim said in a statement. Over 40 per cent of the bonds went to central banks, while a quarter went to banks and another quarter to pension funds. The funds will be used to finance sustainable development projects. IDA, which provides very low cost funding to the poorest countries, previously relied on regular … [Read more...] about World Bank fund for poorest countries issues US$1.5b bond