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…
French Businesses Build Earth Observation Station in Vietnam
French companies will exploit highway and building earth observation station in Vietnam. Moreover, many important cooperation agreements in the economic field have been signed this morning with the witness of heads of two countries. On the sidelines of the talk between President Tran Dai Quang and President of France – Francois Hollande on September 6th 2016, representatives of FPT Joint Stock Company and Telespazio France (France’s leading company in the field of satellite system management and exploiting) have signed cooperation agreements w…
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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Reasons That Phu Quoc Island Attracts Major Investors
Natural beauty of Phu Quoc, the policy mechanisms and long-term orientation are reasons why this island attracts many major investors. 2015 is considered to be a difficult year for the tourism industry as the number of tourists coming to Vietnam decreased compared to the previous year and also the first year that the number of tourists coming to Vietnam decreased since 2009. However, in the general context, there is an island in Vietnam goes upstream as seen in the number of tourists increased by 30%. That’s Phu Quoc Island. Every day, Phu Quo…
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Foreign Specialists Interested in Vietnam
Vietnam is attracting foreign specialists to visit, live and work as expatriates due to stable political, improved environment for doing business. As such, Vietnam has becoming an attractive destination for setting up business and factory in comparison with other countries in the region due to the capability to attract managements and talents. Vietnam topped the list as the country bringing high income for foreign professionals with 67% said that their income has increased and 68% of them have capable of increasing accumulation. The study wa…
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…
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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…
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…
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…
Investment Waves from Japan Continue to Rise
It has been observed that Vietnam continues to receive foreign investment switched from from China, Thailand into Vietnam to acquire shares or set up business in Vietnam in real estate, manufacturing, and other services, especially from Japan investors. On July 31st, 2015 Forval Group has partnered with Tin Nghia Corporation and Dong Nai Container Port JSC to announce the establishment of Japanese Small and Medium Enterprises Development JSC (JSC) with an investment capital of 772 billion VND. Accordingly, the JSC will build the infrastructu…
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