NEWS

New special incentives increase Hoa Lac allure

Foreign investors are getting interested in Hoa Lac High-tech Park and are looking to cash in on the special incentives, which will be on offer from August 5, 2017.   The Hoa Lac High-Tech Park investment promotion conference  successfully reeled in two new Korean investors thanks to the new incentives   At the investment promotion conference on July 7 in Hanoi for Korean businesses in..

A new era for German-Vietnam renewable energy cooperation

Renewable energy was on top of the agenda of the German-Vietnamese Business Forum that took place on July 6, 2017 in Berlin, Germany.   Renewable energy topped the agenda of the German-Vietnamese Business Forum   An important part of the business forum was the signing of memorandum of understanding (MoU) of investment projects worth EUR4 billion in total. One of them was concluded between..

HFIC to become investor of HCM financial centre

HCM City’s People’s Committee has proposed the Prime Minister to approve the selection of State-owned HCM City Financial Investment Company (HFIC) as investor of the municipal financial centre, enternews.vn, a website of Việt Nam Chamber of Commerce and Industry, reported.   Graphic photo of Bình Quới-Thanh Đa urban area project in  HCM City’s Bình Thạnh District. - Photo..

Interflour unveils new malt production plant in Ba Ria-Vung Tau

Interflour Group officially inaugurated a new malt production plant at Cai Mep Industrial Zone in the southern province of Ba Ria-Vung Tau.   Interflour Group aims to replace malt imports in Vietnam, while  at the same time striking a bridgehead to Southeast Asia and Asia   The construction of the Intermalt factory has been finished at the end of 2016 and has now officially commenced..

Hong Kong investor proposes racecourse in Can Tho

Hong Kong-based SIBC International Ltd has proposed to the Can Tho authority a project to build a racecourse and an entertainment and tourism complex in the country’s southern city.   A Hong Kong investor has proposed a racecourse project in Can Tho City. Photo source: Zing.vn   On Wednesday, the group and other consultants worked with the city’s People Committee to introduce the..

BCG signs with Unisun and Coara for solar energy project

Bamboo Capital has signed a cooperation agreement with Unisun Energy Group (Hong Kong) and Coara Solar (Germany) for a 40 megawatt solar energy project in the southern province of Long An.   This $40-million project will be the second solar power plant of BCG in Long An. Similar to the first 100MW plant owned by Hanwha-BCG Bang Duong Joint Venture, this 40MW plant will start construction in..

HN calls for investment in industrial zones, clusters

Ha Noi plans to attract 15-20 new projects with expected total investment of US$250-300 million in industrial zones and clusters in the capital city this year.   Fiber products made at Dong Phat Joint Stock Company in Ha Noi’s Thach That Industrial Zone.  The capital city wants to attract more projects to industrial zones and clusters. - VNA Photo   Sectors to be prioritised..

Omnichannel retailing to deliver market win

The omnichannel model has become a new weapon in the race to maintain and expand market share in the electronics retail industry.   The coveted Top 3   A latecomer taking on established competitors, FPT Shop only started to strengthen its e-commerce channel in 2014. Within a single year, revenue from this business segment was only VND318 billion out of the total VND5.226 trillion ($13.98..

KVFTA has Korean firms targeting fresh sectors

The Korea-Vietnam Free Trade Agreement has been the key driver in Korea’s soaring exports and investment into Vietnam, especially in the foodstuffs and consumer foods sector.   The Korea-Vietnam Free Trade Agreement has given a big boost to Korean exports and investment into Vietnam   Hong Sun, vice chairman of the Korea Chamber of Business in Vietnam, said that since taking effect..

Russia and Belarus trip yields deals

In addition to boosting auto manufacturing co-operation with Belarus, Vietnam has furthered its energy and industrial co-operation ties with Russia.   Oil and gas remains a priority co-operation area between Vietnam and Russia, source: VNA   During State President Tran Dai Quang’s first official visits to Belarus and Russia from June 26 to July 1, he and leaders of both countries agreed..

Enhancing connection between foreign-invested and domestic enterprises

The improvement of connection between foreign direct investment (FDI) and domestic enterprises needs cooperation among numerous stakeholders, as Samsung’s support only is not enough.   Samsung is expected to offer consultation to 12 local suppliers   The Samsung story   On June 20, 2017, Shim Won Hwan went on a special trip after he was re-elected for the position of Samsung..

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