Vietnam welcomes $900 million in FDI capital in January

In first month of 2018, Vietnam lured in $899.4 million in foreign direct investment (FDI) capital, down 36.8 per cent compared to the same period last year.   There were 166 newly-registered projects and 61 projects received capital extension   According to the statistics published by the General Statistics Office, this January foreign investors poured $442.6 million in 166..

Foreign giants looking to become strategic investors in PV Gas

PetroVietnam Gas JSC (PV Gas) plans to sell 30 per cent of its total shares by 2020. Shell, Total, and Tokyo Gas have already expressed their desire to become strategic investors in the company.   The company wants to approach new technology in the coming time   Currently, 95 per cent of PV Gas’ charter capital is owned by the state, but it is expected to be reduced to 65 per cent by..

Strengthening French-Vietnamese co-operation in infrastructure and satellite development

      As Vietnam needs large capital for investment and development, French firms expressed their desire to strengthen bilateral co-operation in aviation, urban railway and satellite development.   Hanoi's Metro Line 3 will be a symbol of French-Vietnamese co-operation   At yesterday’s high-level dialogue between Vietnam and France, the representative of ADP Ingenierie (under..

Vietnam’s solar potential to reach hundreds of GW in near future

      Vietnam’s solar power generation capacity will reach several hundred Gigawatts once the market starts growing.   Vietnam's solar potential will hit hundreds GW in the future   This statement was shared yesterday with over 100 representatives from local authorities, investors, and other stakeholders at the workshop titled “National assessment of development potential of..

Footwear sector awaits rebound with US giant

Foreign capital flow in the footwear industry is expected to rebound this year after a slowdown in 2017, with the anticipated arrival of a major US player.   US giant Skechers is studying the possibility of investing in Vietnam’s footwear sector   According to Nguyen Duc Thuan, chairman of privately-held TBS Group based in the southern province of Binh Duong and also chairman of the..

BIM Group kicks off $35-million solar power project in Ninh Thuan

One of Vietnamese leading private groups BIM and the Philippines-based AC Energy have started developing BIM 1 solar power plant in Phuoc Minh commune in the central province of Ninh Thuan.   BIM Group's project will be very important in Vietnam's turn towards renewable energy   The project aims to satisfy the increasing energy demand and to replace fossil energy with more sustainable and..

Shake-up in foreign-invested refinery and petrochemical projects

Foreign investors have adjusted their reported changes in ownership as well as schedules for commercial operation in Long Son Petrochemical (LSP) and Nghi Son Refinery and Petrochemical (NSRP).   LSP and NSRP are both coming along slower than intended   Delaying the commercial operation date According to a report published by Vietnam's state-run oil and gas group PetroVietnam - the..

Vietnam has potential to become the next BPO giant

Business process outsourcing (BPO) is believed to be one of the five sectors with the greatest potential for growth and investment in Vietnam in the near future, along with solar and wind energy, luxury hotels, modern agribusiness and food, and retail banking, according to PwC’s ‘Spotlight on Vietnam’ report released in October 2017.     Vietnam’s BPO potential is backed by quite..

Van Don SAEZ opens up new opportunities for growth

Owning an international airport not far away from economic-financial centres, as well as famous natural sights in Quang Ninh province, Van Don has outstanding advantages to develop as policies on special administrative-economic zones (SEZ) are being formed.   Quang Ninh International Airport will boost the province's and the SAEZ's connectivity   Natural conditions and infrastructure Van..

Phu Yen investment conference scores large-scale deals

The south-central province of Phu Yen is on the radar of many local and foreign investors.   Phu Yen Investment Promotion Conference was a resounding success   Nguyen Thanh Hung, deputy chairman of Vietjet, told Phu Yen Investment Promotion Conference 2018 organised this morning that in the year ahead the firm is planning to invest about VND4 trillion into constructing a terminal at Phu..

TH Group breaks ground on Phu Yen dairy cow farm

This morning has seen locally-owned TH Group begin construction of its hi-tech dairy farm in the central province of Phu Yen.   The project will be much more than a simple dairy cow farm: it will include  an ecological resort and a craft village for tourism as well   The project’s first stage, worth VND1.151 trillion ($52.32 million), is implemented on an 82-hectare land area in Son..