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..

Foreign retailers ramp up investment in Vietnam

Earlier, numerous giants in the retail sector have entered the Vietnamese market and now, many of them are planning to enhance investment and expand their businesses to exploit market potential.   AEON MALL Binh Duong Canary   Enhancing investment in Vietnam   Recently, when talking with VIR, Yasuo Nishitohge, general director of AEON Vietnam Co., Ltd., said that Vietnam has great..

SCG reaffirms determination to develop $5.4 billion Long Son petrochemical complex

Siam Cement Group (SCG) has signed a Memorandum of Understanding (MoUs) with PetroVietnam, aiming to reinforce the development of Long Son petrochemical complex (LSP) in the southern province of Ba Ria-Vung Tau.   The signing ceremony was organised in the framework of Prime Minister Nguyen Xuan Phuc’s visit to Thailand   At the signing ceremony, another MoU was signed between SCG..

Vân Đồn zone to be green, urban area

The northern province of Quảng Ninh plans to turn Vân Đồn special administrative-economic zone into a smart and green island urban area, Nguyễn Văn Đọc, secretary of the provincial Party Committee, said.   Quảng Ninh Province aims to develop Vân Đồn into a dynamic economic centre with a focus on services,  high-end tourism and high-tech industries.-Photo   The..

Deputy PM welcomes Kirin’s stronger investment in Vietnam

Deputy Prime Minister Vuong Dinh Hue has hailed the Kirin Holdings Co. Ltd’s investment expansion in Vietnam as a right decision since the country’s beer and beverage market boasts huge potential.   Deputy Prime Minister Vuong Dinh Hue (R) receives Keisuke Nishimura,  Executive Vice President and Senior Executive Officer of Kirin Holdings Co. Ltd    He made the remarks at a..

VSIP goes far beyond industrial parks

VSIP has developed world-class industrial estates across Vietnam with self-contained facilities to serve the needs of its customers. John Lim HM, head of Commercial & Residential Properties at VSIP JV Co., Ltd., shared with Thanh Van the group’s vision to complement foreign investors’ growth in the park.   Following the success of industrial parks (IPs), VSIP has transformed into a..

AIA Group urged to expand investment in Vietnam

Deputy PM Vuong Dinh Hue on August 15 in Ha Noi received Chief Executive and President of AIA Group Limited Ng Keng Hooi.   Deputy PM Vuong Dinh Hue receives Chief Executive and President  of AIA Group Limited Ng Keng HooiHa Noi,  August 15, 2017   At the reception, Ng Keng Hooi hailed the Vietnamese Government’s efforts to improve local investment and..