MC-Bauchemie cracks open Vietnamese construction chemicals market

Germany's MC-Bauchemie, one of the leading international producers of building chemical products and technologies, marked its official entrance to Vietnam today by setting up a joint venture with a local partner.   MC-BIFI Bauchemie makes its debut   MC-BIFI Bauchemie is the joint venture between the German firm and Vietnamese partner BIFI. It aims to become one of the leading..

Japanese Kyoei Steel Company buys 20% shares of VIS

Japanese Kyoei Steel Company officially became strategic shareholder of Việt Nam-Italy Steel Joint Stock Company (VIS).   Việt Nam-Italy Steel Joint Stock Company holds around  3.6 per cent of the country’s steel market share. - Photo   The Japanese Kyoei Steel Company purchased 20 per cent stake from Thái Hưng Company, VIS’s biggest shareholder. After the VNĐ480..

Local wood sector takes firmer root

With the leading position in Southeast Asia, Vietnam’s wood production and processing industry is under the spotlight of foreign companies and suppliers.   Vietnam’s $7 billion-plus wood production and processing sector is half foreign-backed Photo: Le Toan   Ingo Bette, a representative from German Woodworking Machinery Manufacturers (GWMM), said that Vietnam’s woodworking industry..

APEC both symbol and crux of FTA era

The 2017 APEC Economic Leaders’ Week will officially kick off this week in the central city of Danang, with CEOs of thousands of firms from APEC member economies gathering and discussing investment and business opportunities and plans in Vietnam. Nguyen Dat reports.   As the 2017 APEC Economic Leaders’ Week arrives, Vietnam’s various  business potentials will be brought to the..

Suncity to buy into Hoiana An casino resort

Macau’s biggest junket operator Suncity Group is negotiating the purchase of 34 per cent stake in South Hoi An integrated casino resort complex, now called Hoiana, while simultaneously confirming to pour $26.2 million in the project, according to newswire Dealstreetasia.   Suncity plans to break open the Vietnamese casino industry   Accordingly, Suncity will take over 34 per cent stake..

Solar market embraces local-international partnerships

High-quality partnerships of local know-how and international experience are key to unlock Vietnam’s solar potential.   Sonia Lioret, head of GIZ’s 4E project addressing participants at the workshop   This insight was shared today with more than 100 representatives from provincial authorities, investors, and other stakeholders at the workshop entitled “Introduction of Circular..

Investors in VN’s mining industry look for long-term returns

Although fluctuations in international demand and pricing have put pressure on returns from Viet Nam’s mining industry, the sector remains a magnet for foreign direct investment (FDI), a sign of confidence in its long-term prospects.     Mining attracted FDI totalling $7.7bn in the first half of the year, representing 10.6 per cent of all FDI inflows during that period. Investment into..

Vinfast launches first 20 designs for sedan and SUV models

Vinfast has introduced 20 sedan and SUV automobile designs and officially launched a public contest to select the most popular models in Vietnam.     The 20 models designed specifically for Vinfast come from four well-known automobile design studios, namely Pininfarina, Zagato, Torino, and Ital Design, who created shapes for Alfa Romeo, Aston Martin, Audi, Bentley, BMW, Cadillac, Ferrari,..

Tetra Pak breaks ground on $110-million factory in Binh Duong

Tetra Pak, the world's leading food processing and packaging solutions company, today broke ground on its new, state-of-the-art regional packaging material factory at Vietnam-Singapore Industrial Park II-A in the southern province of Binh Duong.   The ground-breaking ceremony of the new plant   Built with an investment of $110 million, the 100,000-square-metre facility will have an..

India-Vietnam trade is aiming toward $15bn target

On the occasion of the 45th anniversary of Vietnam-India diplomatic relations, and the 10th anniversary of the two countries’ strategic partnership, India’s Ambassador to Vietnam P. Harish told VIR’s Thanh Tung that the two countries are entering their economic primes, and that Indian firms are starting to consider Vietnam a good target for their investments.     Vietnam and India..

EVFTA to bring in Hungarian meats

Hungarian firms are seeking to intensify their agri-food presence in Vietnam, in response to growing demand and upcoming slashed tariffs under the EU-Vietnam Free Trade Agreement.   Vietnam is becoming more attractive to Hungarian agri-food firms, thanks to EVFTA, Photo: Le Toan     Executives of 60 Hungarian firms, including nearly 20 agri-food ones, came to Vietnam last week to hunt..