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…
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WSJ: “Made in Vietnam” Goods will Soon Popular Globally
Numerous foreign investors relocating factorties to Long An (Vietnam) to set up business and take advantage of young and low cost workforce. This province has a dozen industrial zones. As of May 2015, they have attracted 3.67 billion USD foreign investments, 40% of which is poured into textiles sector. The economists said that this process could accelerate if the Trans-Pacific Partnership agreement (TPP) is agreed. This agreement will reduce import tariffs on many goods exchanged between member states, mainly to benefit the developing countr…
Vietnam Is the Focus of Foreign Investors
With favorable conditions in macroeconomic, political and social, Vietnam is a potential destination for setting up company and conduct the M&A activity. In Vietnam, the growth of the retail market and the entry of international brands, while the average income of consumers is increasing along with stable economic conditions are creating motivation for retail market. In addition, e-commerce sector is growing and accounts for a large part of total retail sales, although traditional forms of shopping still being preferred by consumers. Mor…
Signing of TPP in 2016 Will Promote FDI into Vietnam
The investment flow will be strong into Vietnam for setting up company , factory once the commitments in the TPP agreement takes effect. The Trans-Pacific Partnership (TPP) agreement will be signed on February 4th 2016 in New Zealand. In order to capture the opportunities that it will bring, many foreign companies have invested in Vietnam. The parties have also agreed to a term of 2 years for national parliaments to ratify the agreement. Thus, the TPP can be effective in 2018. 12 members of TPP include: US, Japan, Vietnam, Australia, Brunei, …
M&A in Vietnam: Strong Flow from Thailand
It is expected to have a strong capital flow from Thailand to Vietnam in the coming time to through M&A activities. According to a research, the main trend of the M&A market Vietnam in the period of 2015 – 2016 and subsequent years have been focusing on some key sectors: retail, consumer goods, real estate, finance – banking. Notably, in the coming time, investors from Thailand will become “dual key” in its role as the acquisition of the project, and incorporation in Vietnam. Not until now, it has been realized that Thai is serious r…
Finished the TPP Negotiation, Vietnam Entered the New Playground
At a press conference held in Atlanta (USA), the Trans-Pacific partnership agreement (TPP) has ended negotiations and this has meant alot for Vietnam in terms of attracting investment. 12 TPP partners have achieved things that previously seemed impossible to achieve. After more than 5 years of intense negotiations, we have an agreement to support job, promote sustainable growth, accelerate the comprehensive development and reform throughout the Asia – Pacific. TPP has the strategic importance for the countries in the region, not merely commerc…
Vietnam Prime Minister Visits Japan to Promote Investment
Japan has played more and more important role as a strategic investor in Vietnam through making investment and setting up business in Vietnam with growing number of foreign direct investment projects. Accepted the invitation of Prime Minister Shinzo Abe, Prime Minister Nguyen Tan Dung will lead Viet Nam delegation to attend The Seventh Mekong-Japan Summit Meeting in Tokyo from Jul 2 to Jul 4th, 2015. This is an important conference to unify the orientation about Mekong-Japan cooperation for the period 2016-2018. The conference will review th…
Which Sectors Attracting Investment in First Half of 2015?
The trend of foreign direct investment (FDI) in Vietnam continues to tremendously increase into key sectors such as industrial processing and manufacturing, business and real estate, wholesale and retail, through setting up business in Vietnam . Accordingly, the disbursed FDI inflows in June positively increased and exceeded the growth rate of last year. In June 2015, registered and new FDI is 1.19 billion dollars, bringing the total registered and new value to 5.49 billion dollars since the beginning of this year, equivalent to 80.2 % value …
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Strong Flows of FDI Into Vietnam in Jul 2015
It has been reported foreign direct investment is strong in the month of Jul 2015 for which foreign investors have been putting more money into manufacturing through setting up business in Vietnam especially high tech area. There were a series of FDI projects that are newly granted with the investment certificate in July 2015, such as the 274 million USD project of Far Eastern in Binh Duong; or the project of Regina Miracle Company will invest 88 million USD to build a shoes manufacturing plant in an area of 13.6 hectares in the VSIP Hai D…
Japan Increases Investment in Vietnam in Finance and Services
Japanese investors have switched from setting up business in Vietnam in manufacturing into financial investment, retail. - Why Japanese Investors Invest in Vietnam? - Three Reasons Japan Invests in Vietnam - Why Japan Will Increase Investment in Vietnam Til end of Jan 2015, Japan is the second largest foreign investors in Vietnam in direct investment form with 2,494 projects, and total registered capital of nearly 36.9 billion USD however there have been changes in the structure of the investment capital in Vietnam. In particular, the man…
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Bloomberg Considers Vietnam as “New Tiger” in Asia
After several disappointing years, Bloomberg said that Vietnam’s economy is continuously emerging in Asia, with the advantage of a young workforce and impressive growth. According to the news, the large corporations as Samsung, Intel have poured money into the factories in Vietnam leading Southeast Asian countries to emerge as new tiger in Asia. After renovation in the 1980s, Vietnam’s economy has grown rapidly, exceeding 7% before leveling off in recent years due to the increase in bad debt from the state sector. According to PricewaterhouseC…
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