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..

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..