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..

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..