Regional hub for German investors

With Vietnam’s significantly improved business climate and large consumer demand, Germany’s investment and goods flows into the country – one of their most important markets in Asia – are set to grow. Thanh Dat reports.   Germany is the biggest European investor in Vietnam with many successful projects Photo: Le Toan   German-backed lighting supplier Osram Vietnam is busy..

Hungarian PM takes care of business

More than 50 Hungarian firms and investors will come to Vietnam this week during  Hungarian Prime Minister Viktor Orbán’s September 24-25 official visit to the Southeast Asian country.   Industrial production is one of the key sectors that Hungarian firms want to co-operate with Vietnamese partners   According to Vietnam’s Chamber of Commerce and Industry (VCCI), the visiting..

Hungarians want to invest in VN

Energy, high-tech agriculture and information technology are the new investment fields discussed yesterday at the Viet Nam-Hungary Business Forum held within the framework of Hungarian Prime Minister Viktor Orban’s visit to Viet Nam.   A worker operates electric motor at Viet Nam-Hungari Electric Mechinery Manufacturing Joint Stock Company in Ha Noi. - VNA/VNS Photo Ngoc..

Vietnam and India step up cooperation in shipbuilding

2017 is represents a milestone in the relationship of Vietnam and India, celebrating 45 years of diplomatic relationship and ten years of strategic cooperation between the two countries. Thus, this year, both countries hope to witness more bilateral investment and cooperation, especially in the shipbuilding sector, which is said to have yet to reach its full potential in both..

GMS approves regional investment framework

In the framework of the 22nd Ministerial Conference of the Greater Mekong Sub-Regional (GMS) Economic Cooperation Programme, ministers approved the regional investment framework (RIF) for the 2018-2022 period with 222 investment and technical support projects worth a total of $64 billion to be implemented in ten areas.   GMS officials joining hands in celebration of the new regional..

Korea firm to build plane parts plants in VN

Hanwha Techwin Company Limited, a subsidiary of the Republic of Korea’s Hanwha Group, held a ground breaking ceremony for the first of three planned aviation engine parts plants in Ha Noi’s Hoa Lac Hi-tech Park on Thursday.   Representatives break the ground for constructing Hanwha Aero Engines factory. - VNS Photo Phuong Thao   The factory, Hanwha Aero Engines, has total..

Da Nang foreign investment surges

The central city has attracted 43 new foreign direct investment (FDI) projects worth US$60 million in the first eight months this year, 4.6 times the amount in the same period last year, vice director of the the Da Nang Investment Promotion and Support Agency, Nguyen Ky Anh said.   A worker at the Japanese Tokai company in Hoa Cam Industrial Zone.  Da Nang has seen a surge in foreign..

Tasks ahead for higher global value chain integration

In order to join the global value chain (GVC), Vietnam needs to expand production scale as well as improve labour capacity, product quality, and administrative capabilities.   Only 9 per cent of enterprises operating in Vietnam are qualified to take part in the global value chain   According to a recent report released by the World Bank (WB), only 9 per cent of enterprises operating in..

Draft law to globalise logistics areas

Vietnam might, for the first time, allow 100 per cent foreign-invested firms in three logistics service areas, paving the way for an influx of foreign investment capital in the sector.   A new draft decree aims to allow 100 per cent foreign-invested firms into  three prohibited service areas Photo: Le Toan   According to the Vietnam Logistics Business Association (VLBA), the government..

Thai Nguyen maintains rank in top investment areas

By promoting investment, facilitating administrative procedures, enhancing the investment environment, and providing enterprises with timely support, the northern province of Thai Nguyen is becoming one of Vietnam’s hottest investment destinations.   Good governance and ample support continue to lure investments to the northern province   According to statistics from the Thai Nguyen..

EU inflows to ride out EVFTA delays

A delay in the EU’s ratification of its free trade agreement with Vietnam until next summer will not affect the EU’s investment flow into the Southeast Asian country.   Though EVFTA liberalisations may be pushed back, EU investment is still on the rise   Bernd Lange, a member of the European Parliament and Chair of the Committee for International Trade – which has a key role in the..