Investment

The Hanoitimes - Chinese investors have continuously planned to pour more in Vietnam’s coal-fired thermo power projects given their investments now account for some 50 percent of total foreign capital in the industry. The list of thermal power plants in Vietnam having investment capital from China will be extended once Chinese investors are approved to take over Long Phu III thermal power plant located in the Mekong Delta province province of Soc Trang as per a recent proposal by the Ministry of Industry and Trade (MoIT). Vietnam will have 80 thermo power plants by 2030 According to the MoIT, after the prime minister approved transferring the above thermal power plant from PetroVietnam to other partners to decrease the pressure on PetroVietnam to arrange investment capital to develop 11 other power projects, two Chinese investors -  China Southern Power Grid Co., Ltd. (CSG) and a consortium of five Chinese firms including Zhejiang Energy International Limited and … [Read more...] about Chinese investments flowing in Vietnam’s thermal power plants

The Hanoitimes - Smart parking is one of smart city solutions to limited parking space in Hanoi. The Hanoi People's Committee is going to select investors to implement a smart parking project in Den Lu urban area, Hoang Van Thu ward, Hoang Mai district.   Illustrative image Under the plan, the parking lot will be built on an area of ​​1,155.3m2 and have a system of automatic high-rise parking. It will be able to handle 116 vehicles at the same time. The project is estimated to cost about VND25 billion (US$1.08 million) from non-state budget. According to the Department of Planning and Investment of Hanoi, this will be a modern high-tech parking lot connecting with Hanoi's Iparking system, contributing to the complete construction of urban technical infrastructure to develop Hanoi’s static land fund. It will address the increasing demand for residents' parking, tighten traffic management, minimize traffic jams and strengthen urban order in the city. The … [Read more...] about Hanoi to build smart parking lot in Hoang Mai district

 (Photo: VNA) They consist of nine foreign invested projects worth over US$312 million and 10 domestic ones worth over VND14 trillion (US$596 million). Binh Phuoc, part of Vietnam’s southern key economic region, is currently home to 6,425 businesses whose combined capital surpasses VND53.5 trillion (US$2.3 billion). It recorded 568 new companies with registered capital of nearly VND7.5 trillion (US$322.6 million) between January and July. Meanwhile, the province has attracted 22 foreign invested projects worth US$314 million so far this year. At present, it houses 185 FDI projects, 125 of which has become operational and provided jobs for 48,500 people. Chairman of the provincial People’s Committee Nguyen Van Tram said Binh Phuoc has paid special attention to developing industry in recent years. Eight industrial parks covering over 1,190ha of land have been put into operation. The province expects to have 13 industrial parks with a total area of nearly 4,700ha … [Read more...] about Binh Phuoc licenses 19 projects totalling US$1 billion

The Nui Phao plant of the Nui Phao – H.C.Starck Tungsten Chemicals Manufacturing LLC. The Vietnamese company is now fully owned by the Nui Phao Mining Company, a subsidiary of one of the world’s largest tungsten producers, Masan Resources Corporation. — (Source: Courtesy of Massan) Nui Phao is a fully-owned subsidiary of one of the world’s largest integrated industrial tungsten mineral and chemical producers, Vietnam-based Masan Resources Corporation, which fully funded the deal. … [Read more...] about Masan buys tungsten facility for US$29 million

FDI and a transient economyBy Lawyer Nguyen Tien Lap (*) Promoting technology transfer is the focus of FDI attraction of many countries. In 2009, Vietnam ranked 57th in the world in this regard. However, the country’s ranking fell 46 notches to 103rd in 2014, much lower than other countries in the region - PHOTO: DAO LOAN In view of the way and motivation for foreign direct investment (FDI) attraction at the start, there is a complete difference between China and Vietnam. China has a pro-active, long-term and systematic approach to FDI while Vietnam seems to take it as a temporary solution. Vietnam has opened her door and attracted foreign investment for 30 years. FDI has brought about great achievements and efficiency, giving the country a new face, modernizing its infrastructure, boosting the gross domestic product (GDP) growth and improving people’s lives. However, many experts, after analyses and assessments, have still shown anxieties and concerns, which even … [Read more...] about FDI and a transient economy

Investment Ecofarm wants to develop agrotourism in Dong Thap By Trung Chanh Saturday,  Aug 18, 2018,13:41 (GMT+7) Ecofarm wants to develop agrotourism in Dong ThapBy Trung Chanh Ecofarm inks an agreement on developing agrotourism in Dong Thap with the province’s representatives - PHOTO: TRUNG CHANH CAN THO - Ecology Farming Corporation (Ecofarm) proposed investing in agriculture, as well as developing agricultural tourism, or agrotourism, in Dong Thap Province, as was stated during a meeting between Ecofarm and the provincial People’s Committee held on August 17 in Dong Thap. Addressing the meeting, Tran Thanh Tam, vice chairman of Ecofarm, remarked that the Kien Giang-based firm wants to carry out a project to build an organic agrotourism park on Tan Thuan Dong Islet, in the provincial city of Cao Lanh. The river islet is an agriculture-only area, which boasts potential for developing ecotourism combined with … [Read more...] about Ecofarm wants to develop agrotourism in Dong Thap

The Hanoitimes - After successful initial public offerings (IPO), many state-owned enterprises (SOEs) have still failed to sell stakes to strategic shareholders, mainly due to regulations on foreign ownership cap and time of shareholding. Statistics from the Steering Committee for Enterprise Innovation showed that the government approved privatization plans of 19 SOEs with the total value of VND41 trillion (US$1.74 billion) in the first half of this year. After the nod, 16 SOEs conducted initial public offerings (IPOs), earning more than VND22 trillion (nearly (US$1 billion). However, many of them failed to sell shares to strategic shareholders according to approved plans. According to the legal regulations, the share sales must be made within four months of the IPO. PV Oil was the latest case to fail in finding strategic investors after successful IPO Vietnam Oil Corporation (PV Oil) was the latest case in the strategic sale failure. With the government’s recent refusal … [Read more...] about Finding strategic shareholders after IPO challenges businesses

Vietnam is emerging as one of the world’s hottest markets for private equity investments thanks to its high rate of return, driven by the country’s rapidly growing economy and the government’s fine-tuned policies. Mobile World Group is Mekong Capital’s most successful private equity investment Mekong Capital has recently announced that its Mekong Enterprise Fund II (MEF II) has successfully divested 100 percent of its final remaining investment in Vietnam, resulting in the fund achieving a net return multiple of 4.5 times and net internal rate of return (IRR) of 22.5 percent for its investors. This marked it as one of the most successful funds in the Asian private equity scene. In the latest investment from Vietnam’s Asia Chemical Corporation (ACC) alone, MEF II gained US$8.9 million, generating a gross return multiple of 2.6 times and a gross IRR of 15.1 percent. Earlier, MEF II also completed the sale of its last remaining five million shares in … [Read more...] about High return draws private equity investments to Vietnam

The Hanoitimes - The project is expected to have an investment of US$500 million, according to the head of Saigon Hi-tech Park (SHTP). SHTP is in the process of convincing a Silicon Valley-based company specializing in making batteries for Tesla's electric vehicles to invest in Ho Chi Minh City, VnExpress reported.    Illustrative photo. Source: Getty Images. "We have had several meetings with this company. They are considering various options, including our land rent fee and incentives. At present, Ho Chi Minh City and another location in the Philippines are their two shortlisted options," said Le Hoai Quoc, director of SHTP's management board.  If the company in subject chooses SHTP as its investment destination, the hi-tech park could approve license for investment right in this year, Quoc said, adding the investment project is expected to have capital of US$500 million.  "Battery for Tesla's car is a complicated product which very few can produce. The … [Read more...] about Tesla battery maker eyes investment in HCM City

The Hanoitimes - Vietnam’s merger and acquisition (M&A) has been attractive to foreign investors in recent years, but there remain obstacles hindering the M&A market to further grow, experts said. After exceeding the US$10-billion landmark for the first time last year, Vietnam’s M&A market continued to rise 55 percent year-on-year to reach US$3.55 billion in the first six months this year. However, experts suggested that M&A should be further promoted as its value is forecast to be lower than last year at US$6.5-6.9 billion in 2018.   A typical M&A deal in Vietnam often lasts for a whole year or even 2-3 years Experts said that investors often decide to pursue M&A rather than develop its own land reserves for new project construction to save time in completing legal procedures and dealing with issues related to site clearance and compensation. However, Nguyen Khanh, director of real estate services firm Jones Lang LaSalle (JLL)’s … [Read more...] about Fine-tuning bottlenecks to lure more M&A in Vietnam’s real estate