investment

Update news investment

 Production, business sectors pay more tax; Kumho plans $100m spend in Viet Nam; Vietnam flaps its air-transport wings; Shiseido Vietnam builds US$30 million plant in Dong Nai

FDI drips into Mekong Delta

 VietNamNet Bridge - The Mekong Delta has seaports and international airports, but due to its poor transport infrastructure and low labor skills, foreign investors do not want to pour capital into the region.

New regulations pave the way for SOEs to invest in many fields

The Prime Minister has requested state-owned enterprises (SOEs) to focus on their core business fields and not to spread their capital in non-core sectors. However, the new regulations seem to pave the way for the enterprises to do this.

BUSINESS IN BRIEF 2/8

Japanese designer chosen for hi-tech healthcare park; More exporters turn to e-commerce; Shell Viet Nam launches new oil; Shell Viet Nam launches new oil; Over 240,000 tonnes of rice shipped abroad in July

Time to invest in Cham Isle

Investors understand well that Cham Isle is in no way inferior to Phu Quoc Island in terms of landscapes and the nature quality. The land here is very cheap, while the local authorities have vowed to develop the tourism on the isle.

BUSINESS IN BRIEF 30/7

 Vietnam runs 200m USD trade surplus in July; Goods and services retail sales up 12 percent; Work starts to upgrade north-south highway; Steel, cement sectors to pay more for power

Vietnamese big guy missed footing and fell in Myanmar

 VietNamNet Bridge – The winning bidders offered very high prices, therefore, even if Viettel had offered higher by $100 or $200 million, it would not have obtained the contract.

BUSINESS IN BRIEF 13/7

 Low occupancy rates drive away hotel investment; $100m spent on highway upkeep; Furniture sector hit by price hikes; HCM City wholesale, retail buildings on rise

BUSINESS IN BRIEF 5/7

 Vietnam, EU begins new FTA round; Farm exports decrease; US fund to invest more in Masan subsidiary; Vietnam Mazda exports cars to Laos

Investment capital in Vung Ro Oil Refinery rises to $3.2 billion

 VietNamNet Bridge - On July 1, Chairman of Phu Yen Province signed the adjusted investment certificate for the Vung Ro oil refinery project, which will be kicked off in the third quarter of this year.

Volatile market provides chance for overseas investors to cash-in

 Despite the domestic stock market being shaken by sizeable withdrawals of foreign capital, many analysts believe Viet Nam will remain an attractive destination for foreign investors.

VN has abundant small seaports, empties pocket to build big ports

The State would gather the strength on key maritime projects to serve the sea-borne economy development strategy, according to Nguyen Nhat, Head of the Vietnam Maritime Bureau.

Who dares sell “big SOE guys”?

The equitization of state owned enterprises (SOEs) has got stuck.

BUSINESS IN BRIEF 11/6

 Shrimp exporters move against US extra duties; Rolls-Royce eyes Vietnam market; Indian firm invests US$1.8 billion in Long Phu thermal power plant; EC to announce FTA impact on Vietnam

How should the mechanism on wind power pricing policy be?

Experts all have agreed that it’s necessary to offer big investment incentives to encourage investors to pour money into wind power projects, but they still have not agreed on how big the preferences should be.

Restriction in building new seaports proposed

A lot of the seaports in the east of the southern region have been operating at a moderate level, others remain half done, causing a great waste of trillions of dong. This has been blamed on the unreasonable seaport system programming.

BUSINESS IN BRIEF 3/6

 Many property projects seek new investors; Firms remain hesitant about energy labeling; Interest rate cap for seafood, livestock, chicken breeders; Improving public investment efficiency

BUSINESS IN BRIEF 1/6

 Vietnamese banks’ outstanding loans rise 4.75%; US$1bn target for fruit and vegetable exports within reach; Vietnam considers anti-dumping investigation into imported steel; FTA opens doors for garment industry in Vietnam

Formosa wants to increase capital to $28.5 billion

 VietNamNet Bridge - If this proposal is approved by the Government and the People's Committee of Ha Tinh province, Formosa Ha Tinh will be the largest foreign-invested project in Vietnam.

Big open-end funds still keep away from Vietnam

VietNamNet Bridge – The first open end funds have been established in Vietnam, but they have modest capital of VND50 billion.