Foreign investors authorised to establish wholly-owned logistics companies in Vietnam

Foreign investors will be permitted to establish their wholly foreign-owned companies providing logistics services, following Decree No.163/ND-CP, which will come into effect on February 20.   The logistics market is now open for foreign businesses   Accordingly, the logistics services will be divided into 16 main types, including container loading and unloading (excluding airports),..

Special economic zones ready to launch

Special economic zones (SEZs) seem to be ready to launch after 20 years of waiting for the completion of the draft Law on Special Economic Zones. Meanwhile, consideration and appraisal have been carried out quickly to approve SEZ projects.   The draft Law on Special Zones is nearing completion   Choosing a governance model for SEZs The National Assembly (NA)’s Law Committee held a..

Dcorp R-Keeper aims to bring local F&B up to speed

As Vietnam’s food and beverage sector booms, technology is poised to revolutionise the way restaurant chains operate and interact with customers.     James Duong Nguyen, general director of Dcorp R-Keeper Vietnam, talked with VIR’s Van Thu about his thoughts on increasing tech uptake in the industry.   Vietnam has seen an increasing number of restaurant chains in recent years...

VN calls for increased investment from UK

Deputy Prime Minister and Foreign Minister Phạm Bình Minh yesterday called on the British Government to encourage the country’s enterprises to intensify investment and business activities in Việt Nam.   Deputy Prime Minister and Foreign Minister Phạm Bình Minh (R) receives Foreign and Commonwealth Office Minister of State for Asia and the Pacific, Mark Field yesterday. - Photo..

Idemitsu Kosan to build 2nd petrol station

Japanese oil firm, Idemitsu Kosan Co Ltd (Idemitsu), plans to build a US$1 million Dinh Vu Port Petrol Station.   Japanese oil firm, Idemitsu Kosan Co Ltd (Idemitsu), plans to build a US$1 million  Dinh Vu Port Petrol Station.- VNS Photo   The petrol station will be located in Dong Hai 2 Ward, Hai An District, in the northern Hai Phong Port City.   If approved, this would be..

Agro, forestry, seafood exports up

The export value of agro, forestry and seafood products reached a record US$36.37 billion this year, a year-on-year increase of 13 per cent, according to the Ministry of Agriculture and Rural Development.   In 2017, the export value of fruit and vegetable reached a record US$3.5 billion,  a year-on-year growth of 43.02 per cent. - VNA/VNS Photo   The export of major agricultural..

Vietnam and Russian collaboration in automobile manufacturing

Russian automobile manufacturers (KAMAZ, GAZ, and UAZ, among others) will collaborate with Vietnamese partners to establish joint ventures to manufacture and assemble automobiles and trucks of 10 seats or more, terrain vehicles, and some specialised vehicles in Vietnam.   The amended protocol will facilitate Russian automobile manufacturers to join the Vietnamese market   On December 27,..

Eco-construction pulls new market

A Ministry of Construction circular requiring state-funded construction projects to use eco-friendly building materials is expected to lure foreign investors into this sector, bringing with them equipment and products new to the market. Nguyen Dat reports.   New circular urging green urban construction will see materials in high demand in 2018 , Photo: Le Toan   Tran Quoc Thai, a Ministry..

A tale of many seaports: FDI and its expectations

Vietnamese cities and provinces have been rushing to seek licences for large-scale and costly seaports to cash in on growing interest among domestic and international investors and rising trade, triggering concerns over a supply-demand imbalance.   There have been debates over whether optimism is riding too high in the development of Vietnam’s new seaports   After getting a..

Working on new ways to lure FDI

As local salaries rise and global trends shift, Vietnam is drafting a new foreign direct investment attraction strategy for the upcoming years, with a focus on some prioritised sectors to bring added value to the economy.   With costs rising, Vietnam needs a new FDI strategy Photo: Le Toan   Under the draft, which is being worked on by the Ministry of Planning and Investment (MPI),..

US state promotes investment in Vietnam

A high-level trade mission from the US state of Idaho recently visited Ho Chi Minh City to promote trade and investment activities in Vietnam and the southern economic hub in particular.   Director at Idaho Department of Commerce Megan Ronk  answers reporters' queries at a press conference (Source internet)   This is the third working visit of the state to Vietnam over the last nine..