The Hanoitimes - The Hanoi People`s Committee has issued a promotion program for investment, trade and tourism in 2017. Accordingly, Hanoi calls for large-scale, high value-added investment projects using modern and environmentally-friendly technologies. The focus of investment attraction includes: Urban infrastructure, Nhat Tan - Noi Bai axis projects, clean agricultural infrastructure with high technology, retail, health care, education and culture. Hanoi will also attract new projects in the form of socialization, public-private partnerships; striving to attract over $3 billion of foreign investment in 2017; 80% of online business registration dossiers; piloting online investment license, etc. In the field of trade, Hanoi strengthens links with provinces and cities nationwide, supports the creation of distribution channels for Vietnamese goods in provinces and cities, attracts high quality products; supporting and removing difficulties to help businesses improve product quality … [Read more...] about Hanoi strives to attract $3 billion of foreign investment capital
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Even as the debate surrounding the pros and cons of the Trans-Pacific Partnership (TPP) continues, there appears to be a consensus that the massive trade pact will bring strong inflows of foreign investment into Vietnam. In its latest forecast about the TPP's impacts on Vietnam, the Hanoi-based Vietnam Institute for Economic and Policy Research said the country will see the biggest increase in foreign direct investment (FDI) thanks to the agreement, compared to the other 10 member economies. Nguyen Mai, chairman of the Vietnam Association of Foreign Investment Enterprises, said he strongly believes that FDI will surge, possibly with the strongest inflows into the sectors of manufacturing, textile, electronics, and software outsourcing. Mai said of all the TPP participants, the US seems to be the most eager to boost its investment in the country, considering that many of its businesses have recently come here to learn about local business environment. "US investors will definitely … [Read more...] about How Vietnam should ride the new foreign investment wave that comes with TPP Business
Oz readies to ride new foreign investment wave (04-11-2006) SYDNEY —At a Viet Nam investment promotion conference held in Sydney on Thursday, Australian and Viet kieu businessmen welcomed Viet Nam’s administrative reforms and policies aimed at abolishing discrimination against foreign investors. They predicted a new wave of foreign investment following Viet Nam’s accession to the WTO. A number of Australian entrepreneurs shared their experiences doing business in Viet Nam, saying that the Vietnamese authorities had provided favourable conditions in terms of licensing, site clearance, and project implementation and operation. Viet Nam’s Deputy Minister of Planning and Investment Nguyen Bich Dat highlighted the potential of Viet Nam’s market. He noted the country’s highly skilled workforce, plentiful natural resources, economic and social stability and strategic position in the region. Dat said that the Vietnamese Government had implemented many … [Read more...] about Oz readies to ride new foreign investment wave
By Dr. Tung Bui, Faculty Director of Vietnam Executive MBA, University of Hawaii The year 2014 has been so far a great start for most of the world’s real estate markets. As 2013 was a great year for the stock markets, many investors are cashing in profits and moving some of their funds to real estate. Sell high, buy low, as one would say it. Illustrative photo. Apartment buildings in Hanoi Most notably, foreign investments in the real estate market have been just astounding. Chinese investors made the headline this morning in Australia as they spent almost $US.5.5 billion in Australia’s real estate market last year. According to ABC News in Australia, about 12% of new homes in Australia were bought by Chinese nationals in 2013. Credit Suisse reports that Chinese purchased 18% and 14% of new homes in Sydney and Melbourne respectively. Facing slower growth forecasts at home, and thanks to the new government policy called “Go Global”, Chinese are now in a … [Read more...] about NEWS BRIEF & COMMENT: Reviving the lackluster real estate in Vietnam with foreign investments?
As of the end of January 2016, there were 20,056 foreign direct investment projects in Vietnam with a total capital sum of $280 trillion. Many multinational companies are present and continue to expand their investment in the country. The projects are mostly industrial in nature, with the lion’s share being steel, power, and manufacturing, as well as real estate. The presence of big multinational companies, such as Intel, Samsung, Posco, and LG, indicates that Vietnam is an attractive destination due to competitive labour costs and the ever-improving business environment. On the other hand, Vietnamese companies have been gradually increasing their capacity and product quality in order to join the global supply chain. However the connection between Vietnamese and foreign companies remains weak. Below is the list of mega foreign direct investment (FDI) projects licensed during the 10-year period from 2006 to 2015 and their current status: 1) $1.1 billion Posco project in Ba … [Read more...] about Update on mega foreign invested projects in Vietnam