Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
20:15, 2024/08/11
Growing number of FDI firms moving to Vietnam
Over the past 20 years, Vietnam has emerged as a significant manufacturing hub, deeply integrated into global supply chains.
10:22, 2019/07/03
India’s hotel chain Oyo plans US$50 million investment in Vietnam
In the past three months Oyo has opened 90 hotels with 1,500 rooms in six cities in Vietnam.
10:10, 2019/06/29
Australia’s micro-investment app Raiz targets Vietnam expansion
The startup company would allow users to round-up everyday purchases and pool their spare change to invest in equities, bonds and other securities.
10:43, 2019/06/28
Saigon Co.op takes over French retailer Auchan’s operation in Vietnam
Following the agreement, Auchan would hand over its 18 super markets and e-commerce platform to Saigon Co.op.
14:08, 2019/06/27
Out of China, Japan’s retailer Takashimaya eyes expansion in Vietnam
The Ho Chi Minh City store, which opened in 2016, will be expanded to carry more items for families, while another outlet in Vietnam is on the cards.
17:03, 2019/06/25
Thailand’s Kasikornbank partners with Vietnam incubator to support startup community
Kasikornbank subsidiary KVision had earmarked US$245 million to invest in Thai and foreign startups, particularly those in Vietnam.
15:57, 2019/06/25
Actual FDI in Vietnam up 8% to over US$9 billion in Jan-Jun
FDI commitments in the January – June period totaled US$18.47 billion, down 9.2% year-on-year.
17:38, 2019/05/23
Vietnam’s T&T Group signs US$4.5-billion deals with Russia’s Zarubezhneft
The move is part of a broader agreement between Vietnam and Russia to further enhance cooperation in fields of oil exploration, agriculture, education, finance and banking, and nuclear energy, among others.
16:35, 2019/05/22
Macau’s Suncity to open US$4-billion casino in Vietnam by year-end
About 70% of the initial revenue is expected to come from VIP gamblers, but Suncity is confident Vietnam’s economy is strong enough to bring in more mass gamblers.
13:33, 2019/05/22
Vietnam ministry to finalize investment law on basis of PPP
The Ministry of Planning and Investment (MPI) proposed to set an investment capital threshold for PPP projects at VND200 billion (US$8.56 million).
18:01, 2019/05/17
Vietnam to open int'l biddings for 8 North-South expressway sub-projects
The 11 projects are estimated to cost a total of VND118 trillion (US$5.04 billion), of which VND55 trillion (US$2.35 billion) in state capital would serve as investment funds for three public investment projects, and counterpart funds for the other eight projects.
19:08, 2019/05/16
S. Korea SK Group invests US$1 billion in Vingroup
SK Group registered to purchase Vingroup’s 154.3 million shares through private placement and others 51.4 million shares from Vingroup’s retail arm VinCommerce.
15:23, 2019/05/16
France retailer Auchan’s exit from Vietnam draws interest from potential buyers
A domestic retailer would acquire Auchan’s business in Vietnam, of which the take-over process is scheduled to start in early June.
09:13, 2019/05/14
ADB receives US$20 million from We-Fi to support Vietnam’s women-led SMEs
In Vietnam, the gender financing gap is estimated by the International Finance Corporation to be at US$1.19 billion.
21:55, 2019/05/08
Ho Chi Minh City calls for investment capital worth US$54 billion
The city would include an addition of 1,000 hectares into planning for industrial parks, targets to maintain the contribution rate of 27 – 28% to the state budget and GRDP growth rate of 8.3 – 8.5%.
10:00, 2019/05/08
Warburg Pincus expects greater leeway tapping in Vietnam’s finance-banking sector
Currently, the equity firm has five investment projects in Vietnam, two of which are in the field of finance.
09:02, 2019/05/07
Filipino AC Energy to build multi-million-dollar wind farm in Vietnam
The first phase will have 40 megawatts in capacity with an estimated cost of US$92 million, which can be expanded to 170 megawatts (MW).
19:00, 2019/05/04
Warren Buffet-owned Brooks Running moves production from China to Vietnam
Vietnam is emerging as a preferred destination for companies looking to resettle production because of tariff concerns emerged from the US – China trade friction.
12:17, 2019/04/27
Carlsberg, Habeco make breakthroughs in negotiations on stake sale
Carlsberg, which currently holds a 17.34% stake in Habeco, has the right of first refusal for any stake sale from the Hanoi-based beer company, expressed interest in raising the stake, but discussions have dragged for years.
16:24, 2019/04/25
China’s top feed producer New Hope builds pig farms in Vietnam
The farms, located in Thanh Hoa, Binh Phuoc, and Binh Dinh provinces, will produce 930,000 pigs in total every year, with construction to be completed by 2021.
15:44, 2019/04/25
S. Korea’s LG Electronics to shift domestic phone production to Vietnam
Shifting production is expected to boost LG’s annual capacity of its smartphone plant in Vietnam by 83% to 11 million handsets from the second half of 2019.