Binh Thuan approves Song Luy 1 solar plant

The People’s Committee of Binh Thuan province has approved in principle the construction of the Song Luy 1 solar power plant, invested by Quang Dien Binh Thuan Investment Joint Stock Company. Song Luy 1 is a model of a large-scale, grid-connected solar power plant built in the form of build-own-operate (BOO). - Photo Song Luy 1 is a large-scale solar power..

South Korean banks entering Vietnam in wake of FDI surge

Inspired by many South Korean businesses and investors making a splash in Vietnam, many South Korean financial institutions are seeking to further invest or shore up their operations here. And it is not only South Korean businesses, but local ones too that such investors are aiming at. In the wake of the massive FDI influx from South Korea, the country’s banks are venturing..

Casinos need at least $1b investment: draft law

Strategic investors in tourism-casino complex will have to commit an investment of some US$1 billion for a casino project. A conrner of Bac Van Phong special administrative-economic unit in the central coastal province of Khanh Hoa. It’s expected to be a hub of marine transport, logistics, trade and financial services as well as tourism. - Photo This is..

Foreign investors eyeing notorious Chu Lai Soda processing plant

Numerous investors, including foreign investors, intend to invest in the suspended Chu Lai Soda processing plant invested by Chu Lai Soda Processing JSC, despite its debts exceeding VND3 trillion ($131.58 million). Numerous foreign investors eyes notorious Chu Lai Soda processing plant This is part of a report the Quang Nam People’s Committee submitted to the prime..

Hanoi puts its hopes in Japanese FDI

In pursuing its ambitious smart city goal, Hanoi has announced – for the first time – a list of sectors to be prioritised for Japanese investment. The focus lies on Japan’s expertise in industry, environment, high-tech manufacturing and agriculture, IT solutions, and energy efficiency. Hanoi’s FDI attraction focuses more and more on Japanese firms traditionally strong..

Japanese investors out of top three largest foreign investors during January-March

In the first quarter of this year, the three largest foreign investors in Vietnam have been South Korea with $1.84 billion in registered investment capital, Hong Kong with $689 million, and Singapore with $649 million. Japanese investors were crowded out from the top.    Japanese investors disappear from top three of largest foreign investors in Vietnam in first quarter of..

Haiphong attracts more than $900 million in FDI

The foreign direct investment (FDI) inflow to the northern port city exceeded $916 million in Q1 of 2018, more than tripling the figure from the same period last year. Engineering products are manufactured at the Japan-invested RK Engineering Co in Haiphong’s Dinh Vu- Cat Hai Economic Zone. Photo: VNA The latest additional inflow has brought the FDI registered in..

Nghe An strives to attract $100 million in FDI this year

The central province of Nghe An is striving to lure eight foreign direct investment (FDI) projects worth $100 million in 2018. Illustrative image (Source: VNA) To that end, the province is working actively with international organisations to call for FDI projects, namely the Japan International Cooperation Agency (JICA), the Korea Trade-Investment Promotion Agency..

Revocation of $3.2 billion Vung Ro refinery places residents into limbo

The revocation of $3.2 billion Vung Ro refinery and petrochemical complex not only broke locals’ dreams of a stable life, but also made their lives uncertain.      The revocation of Vung Ro refinery and petrochemical complex put residents into dilemma situation When Vung Ro Petroleum Co., Ltd. (VRP) was granted the investment certificate for the $3.2 billion Vung Ro..

Hong Kong FTA set to boost FDI in Vietnam

A greater wave of investment from Hong Kong is expected to flow into Vietnam following the recently signed ASEAN-Hong Kong Free Trade Agreement, which will come into force in January 2019.     Vietnam is expected to gain the most from the AHKFTA, Photo: Le Toan Edward Yau, secretary for Commerce and Economic Development of the Hong Kong Special Administrative..

Ample opportunities in Vietnamese horticulture industry

The Vietnamese horticulture industry presents enormous opportunities for growers and suppliers.   International expo to promote Vietnamese horticulture industry   The Vietnamese horticulture industry is scaling up. Better flower and vegetable varieties are being developed and field production is gradually moving towards protected cultivation. The government has even announced a..