President of Ireland visit Vietnam and Promote Investment
President Michael D. Higgins has begun a State visit to Vietnam to promote cooperation with Vietnam and encourage Irish businesses’s investment and setting up companies in various sectors, including trade – investment, education – training, green technology, wind energy, agriculture, health and sustainable development. Vietnam and Ireland trade turnover has grown strongly in recent years (particularly for first 9 months of 2016, which reached USD 798 million, more than 3 times compared to the same period of 2015). Vietnam agrees to create fa…
Vietnam Technology Startup Attracts Foreign Enterprises
Technology startup in Vietnam is increasingly attractive. Many foreign enterprises are interested in this area and showing their desire to set up business in Vietnam . According to Mr Mitchell Pham, president of the New Zealand Technology Association (NZTech) – who is known to be the 1st native of Vietnam elected to become the chairman of NZTech, representing for over 400 technology enterprises New Zealand: “All trip participants were impressed with the development of science and technology in Vietnam. We are looking for specific opportunitie…
Korean Corporation Wants to Build Racecourse in Vietnam
Chairman of the Korea’s Horse Racing Corporation Mr Choi Hank Soo have just had a meeting with the People’s Committee of Bac Ninh province (Vietnam) to explore opportunities for cooperation in this locality by setting up a business . At the meeting, Mr Choi Hank Soo said that the purpose of this trip to Bac Ninh is to explore investment opportunities to build the racecourse and entertainment complex in Thuan Thanh district (Bac Ninh), with investment capital in the first phase reaches 500 million USD. When the project goes into operation, it …
Thang Long II Industrial Zone (Under Pho Noi B Industrial Zone)
Geographical location: Located adjacent to Highway 5 (Hanoi – Hai Phong); 30 km from Hanoi, 70k m from Hai Phong port, 110km from Quang Ninh deep-water port. Scale of land area: 345.2 hectares In which: Stage 1: 219.6 hectares, 154 hectares of land area for rent Stage 2: 125.6 hectares, 101 hectares of land area for rent. Industrial zone technical infrastructure: Stage 1: Thang Long Industrial Zone II has completed the work of compensation, site clearance the whole land area of the industrial zone and has completed construction of technical in…
Hong Kong Investment Funds Investing in Real Estate, Banking of Vietnam
According to the data from the Foreign Investment Department, total foreign direct investment (FDI) in the first 9 months of 2016 reached 16.43 billion USD, equivalent to 95.8% compared to the same period of 2015. As of September 20th 2016, there were 1,820 new projects were granted the investment registration certificates with total registered capital of 11.165 billion USD, increased by 1.1% from the same period in 2015. Along with that, there are 851 projects registered to adjust capital, with total additional capital reached 5.265 billion U…
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16 Billion USD of FDI Capital into Vietnam
According to the data from the Foreign Investment Department, total foreign direct investment (FDI) in the first 9 months of 2016 reached 16.43 billion USD, equivalent to 95.8% compared to the same period of 2015. As of September 20th 2016, there were 1,820 new projects were granted the investment registration certificates with total registered capital of 11.165 billion USD, increased by 1.1% from the same period in 2015. Along with that, there are 851 projects registered to adjust capital, with total additional capital reached 5.265 billion U…
French President Visits Vietnam
On September 5th 2016, Mr François Hollande – President of the Republic of France start visiting Vietnam at the invitation of the President of Vietnam – Mr Tran Dai Quang. During the visit, the two parties will check, review and concretize the connotations towards promoting cooperation and further strengthen political relations, exchanging high-level visits on both bilateral and multilateral levels. Moreover, both parties will review and further improve the efficiency of cooperation mechanisms between the two countries. The visit is also an op…
Forbes: Vietnam is Becoming Economic Tiger of Asia
The website of Forbes has recently published the article of author Ed Fuller with the title “Vietnam is ready to become the next economic tiger of Asia.” Like South Korea, Taiwan and China, Vietnam is having many base advantages. According to the economic report till August of 2016, foreign direct investment (FDI) into Vietnam has reached a record level in 2015 and this year could be higher. Only the first half of 2016, FDI into Vietnam reached 11.3 billion USD, increased by 105% over the same period last year although in the context of the gl…
Vietnam Prepares for Wave of Russian Tourist
Vietnam is preparing to welcome waves of Russian to enter Vietnam tourism market, set up tour operator company and also conduct M&A activity in tourism industry. Currently, there were complicated situations occurred in the favorite destinations of Russian tourists such as Egypt, Turkey and Goa of India, the Russian Government recommend, forbid or even stop the tours and flights to these destinations. Vietnam, Cuba and China have been recommended as safe destinations for Russian citizens to travel. The A321 of Kogalymavia Airlines (Russia) …
Numerous Furniture Companies Moved from Indonesia to Vietnam
Since early 2015, there were 6 foreign furniture companies moved their factories from Indonesia to Vietnam. There is a large furniture company invested by Taiwan in Sidoarjo – East Java has decided to move their factory to Vietnam. This company was started dismantling and will move in early 2016. Companies from Taiwan have been operating for 3 years in Indonesia then want to switch to manufacturing in Vietnam because of the labor cost and the minimum wage. The minimum wage in Vietnam has increased by 150% in the past 3 years. After considering…
Vietnamese Restaurant Chain Attracts Foreign Funds
To meet the demand of growing of young consumer, the food and beverage services in Vietnam have been attracting investment in setting up business , M&A activity. The Vietnam business community recently is not out of surprise when a series of Vietnamese restaurant chains are invested by famous overseas funds with millions of USD. The start-up project with the restaurant chain named “Kafe Group” by Chi Anh Dao, a female chef and businesswoman born in 1984 has just got the attention by receiving an investment amount of 5.5 million USD (over …
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U.S Company Plan to Invest in Vietnam’s Railway Infrastructure
At the meeting with the Vietnam Railway Corporation on September 21st, the National Standard Finance – NFS has proposed investment plans to create large-scale infrastructure assets with investment value of up to 2 billion USD/transaction. The investment models could be: PPP, DBFOT, DBOT or BOT… Two important tasks that must be performed by the Vietnam Railway Corporation from now until 2020 are to modernize the existing railway lines, along with construction and investment the new railway lines. The Corporation is mobilizing resources for inve…
TPP Helps Vietnam Become an Important Base in The World Production Chain
Vietnam is considered to be the biggest beneficiary country of the 12 countries participating in the TPP. The fact that countries which have large markets like the US, Japan and Canada reducing import tax to 0% for Vietnam goods will create tremendous boost to export of Vietnam. Particularly the textile industry, turnover could increase significantly. The textile and footwear industries, the agricultural, forestry and fishery goods of Vietnam will have the opportunity to increase export significantly. Joining TPP will also help Vietnam and oth…
Vietnam: The Potential Destination for Venture Capitals
If we see the business, the attention of Venture Capitals (VCs) and foreign investors are the indication then Vietnam is emerging as a potential environment for the startup operation. Besides the investment funds that have been presented in Vietnam as IDG Ventures Vietnam, a number of new VCs have joined the Vietnam entrepreneurship ecosystem and are very optimistic about the ahead opportunities. On August 2015, the Captii Ventures owned by Captii Corporation has invested a sum of 6 numbers to the startup OnOnPay phone recharge. This represent…
Will Vietnam Become The Silicon Valley of South East Asia?
15 years ago, it was hard to find an information technology (IT) company in Vietnam, but now there are nearly 14,000 IT enterprises that produce and develop hardware, software and digital. The Government of Vietnam considered high-tech industry as one of the pillars to promote economic growth of the country. Vietnam has invested heavily in the construction of infrastructure and adopts economic policies to encourage both domestic and foreign enterprises to invest and do business in Vietnam. Besides, Vietnam has more than 90 million in populatio…
Nielsen: Vietnam Is a Land of Potential Opportunities
According to Nielsen, Vietnam consumers is the motivation for economic development as they are willing to spend more and are also living in the lands of the potential opportunities. By 2020, Vietnam middle class will grow double, from 12 million people in 2014 increased to 33 million people in 2020. Vietnam is among the top countries with the most optimistic consumers in the world, with more income and more spending. The percentage of increasing in per capita income rose in 2012 by 44% compared to 2010. The average growth rate of the monthly s…
The France, Taiwan Phone Companies Invest in Vietnam to Take Advantage of TPP?
The information that Vietnam has finished the TPP negotiation pushing many phone manufacturing companies like Archos (France), Compal (Taiwan) to promote their market expansion plan and investment in through setting up business in Vietnam . The Archos phone company (France) and their distributor – Petrosetco (Vietnam) are recently launching 7 product lines in Vietnam market. Mr. Frederic Balay – Senior Vice President and CEO in charge of North American of Archos has opined that Vietnam is large market which phone demand is constantly increasi…
Joining CPTPP – Opportunity for Vietnam to Attract Quality Investors
The UK discussed for the first time with all CPTPP members, including Vietnam, to discuss joining this agreement. Pursuing the goal of joining the CPTPP is one of the UK government’s priorities and is an important part of the free trade strategy. Becoming a CPTPP member not only opens new opportunities for UK businesses, but also promotes investment and trade as well as develops sustainable economic cooperation between the UK and CPTPP members. British companies have invested nearly 98 billion pounds (125.27 billion USD) in CPTPP members in 20…
Vietnam attracts Korean investment in research and development
In recent times, the investment shift out of China is being carried out by many international investors. Vietnam is a country that has enough factors to receive investment shift, especially in the manufacturing sector with low-cost labor and low expenses. However, at present, Vietnam has changed its method of attracting FDI, instead of taking advantage of low expenses and low-cost labor, Vietnam now aims to take advantage of highly skilled workers and many incentives in research and development activities. Recently, many Korean investors have …
Business Formation
ANT Consulting provide the advice and service to assist during the market entry. Vietnam encourages investors to invest in Vietnam through setting up economic organization, contributing capital or acquiring contribution capital, shares in economic organization, invest under Public Private Partnership (PPP) agreement, Business Cooperation Cooperation (BCC). Under each form, the investors have to follow the regulations and procedures under the law on investment with specific on investment conditions, timeline to exploit best of opportunities. L…
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