Investment

The Hanoitimes - Free trade agreements, high economic growth and low labor costs will continuously help Vietnam lure big FDI in the remaining months of the year after reporting a whopping US$22.94 billion in the first seven months of the year. Many investors from various countries, especially Japan, Korea and Singapore, have so far also expected to increase their investments in Vietnam. Foreign investors are strongly pouring in Vietnam’s garment-textile industry A recent study of Hong Kong and Shanghai Banking Corporation Limited (HSBC) showed that overall investment into ASEAN in the future is expected to rise amongst Singapore-based companies ,with Vietnam to be a key beneficiary. According to the study, which sought the insights of 1,036 Singapore-based companies into their interest in overseas expansion, Vietnam’s growing consumer market and overall investment climate are driving the expansion plans of Singaporean investors, who were Vietnam’s third largest … [Read more...] about Big foreign investments forecast for Vietnam in 2018

The Hanoitimes - Vietnam is a developing country, thus, its demand for electricity is increasing to meet the procedure of production and development. The Vietnamese government encourages experienced investors to develop power projects in the country, Deputy Prime Minister Trinh Dinh Dung made the statement when hosting the reception for Bemerd Da Santos, Senior Vice President and CEO of AES Group (USA) on August 23.   Deputy Prime Minister Trinh Dinh Dung hosted the reception for Bemerd Da Santos, Senior Vice President and CEO of AES Group (USA) At the reception, Deputy PM Trinh Dinh Dung appreciated the AES Group’s activities in Vietnam in recent years, especially the completion of investing, building and successfully operating BOT Mong Duong II Power Plant. The deputy PM also highly valued AES Group’s cooperation proposals in the field of energy, power development. As a developing country, Vietnam has increasing demand for electricity. In order to meet … [Read more...] about Vietnam gov’t encourages US investors to participate in power projects

The Hanoitimes - Japanese investors are seeking opportunities to join new transport projects in Vietnam as the Vietnamese government considers the investment for infrastructure development among the country’s top priorities. In a recent meeting with Deputy Minister of Transport Nguyen Ngoc Dong, Japan’s Secretary of State Tsukasa Akimoto said that Japan is interested in the Long Thanh International Airport in Dong Nai Province, which the government wants to start soon. Japan investors are interested in Long Thanh International Airport Japan also wants to invest in Vietnam’s high-speed north-south railway, Akimoto noted. Earlier, some Japanese investors also expressed intentions to invest in Vietnam’s transport projects. Taisei Group, which is one of Japan's four biggest construction groups, has so far shown their interest in Vietnam’s transport projects, especially those using Japanese ODA. Taisei has so far also joined many projects in Vietnam, … [Read more...] about Vietnam’s transport projects beckon Japanese investors

Investment New industrial cluster to be developed in Dung Quat EZ The Saigon Times Daily Thursday,  Aug 23, 2018,15:00 (GMT+7) New industrial cluster to be developed in Dung Quat EZ The Saigon Times Daily Representatives of the six Korean enterprises and local officials at the groundbreaking ceremony - PHOTO: DOOSAN VINA HCMC – Six Korean companies will invest more than US$11 million in Dung Quat Economic Zone in Quang Ngai Province to create a new industrial cluster, covering some 65,000 square meters, in the zone. The six companies are industrial steel valve manufacturer Samshin Valve Vina; producer of boiler tubing for heat exchangers Yoobong Vina; spring suspension and metal pipe support manufacturer Wookwang Vietnam; provider of freight services and warehousing Kwang Jin Vietnam; packaging, customs clearance, warehousing, storage and delivery service provider Hanbit P&L Vina; and electrical control … [Read more...] about New industrial cluster to be developed in Dung Quat EZ

Solar power investors rush to develop projectsBy Van Nam A solar panel system installed on a rooftop of house in HCMC. Solar power investors are rushing to develop projects – PHOTO: VAN NAM HCMC – Many investors have accelerated work on solar power projects to enjoy incentives on the power price under a policy issued by the Prime Minister that sets a deadline of next June for investors' participation. More than 100 projects, whose combined capacity reaches over 12,000 MW, are awaiting the green light from the competent agencies. The current situation reportedly arose from an April 2017 decision of Prime Minister Nguyen Xuan Phuc, which offers a slew of supporting mechanisms for the development of solar power projects. According to Decision 11/2017, State utility Vietnam Electricity Group (EVN) is required to purchase all output from solar power projects connected to the national grid at VND2,086, or 9.35 U.S. cents, per kWh, excluding value-added tax. The period … [Read more...] about Solar power investors rush to develop projects