Latest News Indonesia trip delivers MoUs

The historic August 22-24 official visit to Indonesia by Party General Secretary Nguyen Phu Trong has served as a new driving force for Vietnam and Indonesia to further tighten bilateral investment co-operation. Thanh Tung reports from Jakarta.   During the visit, many Indonesian firms and investors expressed their big interest in Vietnam’s market   Last Wednesday afternoon, Samal Abdul..

Siemens supports Vietnam to achieve sustainable energy mix

In the wake of sustainable energy in economic development, hundreds of senior government policy and decision-makers, business leaders, and energy specialists have gathered to discuss emerging challenges and solutions for a sustainable and efficient energy system for Vietnam.   A highly reputable panel of senior government policy-makers, business leaders, and specialists in..

406 SOEs under divestment: exciting opportunities for investors

The government has just announced the list of 406 state-owned enterprises (SOEs) to be divested in the 2017-2020 period, drawing heavy attention from investors. The list includes many big names, such as Vietnam Engine and Agricultural Machinery Corporation (VEAM), Airports Corporation of Vietnam (ACV), Vietnam Airlines, PVOil, and PVTex, promising interesting market prospects ahead.   Big..

Foreign investors swarm Long Thanh airport project

In an attempt to reaffirm their ambitions of developing Long Thanh International Airport in the southern province of Dong Nai, Hanoi General Export Import JSC (Geleximco) and Hong Kong United Investors Holding (HUI) submitted their proposal to the prime minster for approval.     Long Thanh International Airport has been eliciting strong interest from foreign investors   If approved,..

Mobile World goes to M&A town with $110 million

Mobile World Investment Corporation (MWG)’s shareholders agreed with an 85.93 per cent approval rate to spend VND2.5 trillion ($110 million) on mergers and acquisitions (M&A) in the coming period.   Mobile World is rumoured to be planning the acquisition of Tran Anh   The Ho Chi Minh City Stock Exchange revealed that at the shareholders’ meeting on August 22, MWG officially..

MPI proposes big breaks for special economic zones

The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces.   Phu Quoc Island’s coastline.-VNA/VNS Photo Truong Vi   The investment incentives are contained in a draft Law on Special Administrative Economic Units that the ministry has prepared..

Capital for high-tech agriculture

High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge for agricultural enterprises to expand production. But there remain obstacles to accessing the credit package.     Vietnam has 3 high-tech agricultural zones in Hau Giang, Phu Yen, and Bac Lieu. The Ministry of Agriculture and Rural..

Vietnam and Japan advocating financial cooperation

The Vietnamese Ministry of Finance redoubled efforts to draw ties closer with Japan, aiming to ramp up cooperation on the intergovernmental and private investment levels at the same time. To this end did the two sides hold a meeting of the two nations’ ministries of Finance and an investment promotion conference for Japanese enterprises.   The Vietnamese Ministry of Finance's delegation..

Green growth- a magnet for foreign investors

Green development projects in Vietnam are catching attention of foreign investors on account of the Government’s favourable policies on land, taxes and capital as well as a large number of potential customers in the country, said Duong Thanh An, Head of the Policy and Legal Affairs Department.     A survey on Japanese investment trend in Vietnam in 2017 held by the Japan External Trade..

PT Intra Asia Indonesia to build $1-billion coal port in Vietnam

Seeing opportunities in Vietnam’s increasing demand for imported coal, Indonesian firm PT Intra Asia Indonesia is seeking the opportunity to build a coal port in southern Vietnam with a total investment capital sum of $1 billion.   PT Intra Asia Indonesia seeks to capitalise on Vietnam's growing hunger for imported coal (Illustration image)   On August 23, PT Intra Asia Indonesia signed..

Steel maker to invest in US$97 million factory

Nam Kim Steel Joint Stock Company has approved a report on the pre-feasibility study, conducted for setting up a steel sheet factory in the southern province of Ba Ria-Vung Tau.   As per the plan, the plant will require an investment capital of VND2.2 trillion (US$97 million) and have the capacity of 800,000 tonnes per year.   The factory will produce galvanised steel sheets, galvanised..