Why Binh Duong – Highlight of Attracting FDI
Binh Duong is a potential destination in Vietnam for foreign corporation to set-up business and manufacturing facility. According to the latest data of the Department of Planning and Investment of Binh Duong Province, in the first 11 months of 2015, this province has attracted 1.823 billion USD FDI capitals, reaching 182% of the annual plan, increase by 19% over the same period in 2014. With this result, Binh Duong occupies the 4th position in the country in attracting FDI and continues to assert as a “hot address” in attracting investment i…
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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…
Lotte Wants to Open 60 Supermarkets in Vietnam
Vietnam’s retail market has the highest growth rate in the region, therefore Lotte expects to grow further through setting up more retail business or M&A activity in Vietnam . South Korea is the largest investor in Vietnam with over 4,000 enterprises, total investment in Vietnam as of July 2015 is 32.8 billion USD. Among South Korean firms investing in Vietnam, Lotte Mart is one of the corporations with the most powerful investment force and they are leading in a number of areas with the models of retail, hotel, cinema… Mr. Hong Won Sik, …
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…
FDI flows into Vietnam from China?
In the longer term, FDI flows may decrease in China and move out of the country. Vietnam has the opportunity to attract investment capital when many investors wish to set up business to enter Vietnam market. Earlier, according to the survey of FDI Market in the Asia – Pacific region, Vietnam is the 2nd largest country that attracts FDI after China. However, rising labor costs in China in recent years has created opportunities for the emerging markets in Asia including Vietnam to enhance their competitiveness in the manufacturing sector. Spec…
Finished TPP Negotiation: Which Agreements Have Been Reached?
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. The TPP has officially becoming the landmark agreement of the 21st century, creating a new standard for global trade with the new generation issues. There are 5 main characteristics that make TPP become a landmark agreement of the 21st century, creating a new standard for global trade while referring to the issues of new generation. 1. Accessing to the market in…
WSJ: After TPP, Foreign Capital Will Flow Massively into Vietnam
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. According to the Wall Street Journal (WSJ), the textile, rubber glove enterprises will consider expanding operations in Vietnam and Malaysia to take advantage of export by TPP. TPP can be considered as a turning point for the economies of Southeast Asia. It is forecasted that in 2025, the TPP can help exports of Vietnam increase by 29% and Malaysia increase by n…
The UK Entreprises Encouraged to Explore the Potential Market in Vietnam
In addition to improvement of the business environment in Vietnam, Deputy Foreign Minister Hugo Swire also affirmed that Vietnam and UK will plan to raise awareness for the UK investors about potential business market in Vietnam. Talking to the press after the Vietnam – UK 4th annual strategic dialogue in Hanoi today (February 27th), Mr. Hugo Swire said, one of the highlights of the conference is how to strengthen bilateral trade relations. According to him, a number of the businesses of the UK have succeeded in Vietnam but the UK wants more a…
Vietnam Supports Australian Enterprises Investing and Setting-up Business in Vietnam
During an official visit to Australia, in the morning of March 17th (local time), in Sydney, Prime Minister Nguyen Tan Dung and high-level delegation to the Government of Vietnam had the dialogue with the businesses of Vietnam and Australia’s on the development of Vietnam’s economy as well as the opportunities, prospects for cooperation between the two countries. The dialogue of Prime Minister Nguyen Tan Dung has attracted the participation of hundreds of large enterprises of Vietnam and Australia in the areas of banking, finance, energy, oil …
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Vinh Long Province: 36 projects calling for investment of nearly 18,000 billion VND.
Vinh Long province has just announced the list of 36 major projects to attract investment in the period of 2012-2015. It is estimated that the total capital investment of these projects are nearly 18,000 billion VND. Three projects have the largest capital investment are infrastructure construction in Tan Binh Industrial Park (400ha, Binh Tan) with 2,000 billion VND, Dong Binh Industrial Zone project (350ha, Binh Minh) with 1750 billion VND and An Dinh industrial zone project (200ha, Mang Thit district) with 1000 billion VND. In addition, ther…
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Big Manufacturer Waves Enter Vietnam
Facing difficulties in manufacture and consumption, some big car manufacturers in Thailand and Indonesia are planning to find new market in ASEAN. Moreover, recently, LG Electronics- the world’s second largest television manufacturer also intends to move from Thailand to Vietnam. According to Federal Thailand Industry –FTI’s figures, In 2014, 881,800 cars were sold in Thailand, decreasing 34% compared to 2013. That is the second year in two consecutive years the market is in recession. It was a strong effect to decrease the quantity of output …
Vietnam is Increasingly Attracting Capital from the US
Vietnam is taking every opportunity to grow its economy and improve the living standard. This is not a vain dream since Vietnam has young and plentiful work force. That is why multinational companies wish to come and set up company in Vietnam . The year 2015 marked the 40 years since the war end and the 20 years of normalized the relationship between Vietnam and the US. Vietnam began the process of innovation since 1986 but not until 1995, foreign investment in Vietnam began to flow in when the Government established formal diplomatic relatio…
Vision to develop logistics services in Da Nang
Da Nang, with its favorable geographical location, lies on the arterial North-South traffic axis in terms of road, rail, sea and air, is an important traffic gateway of the Central – Central Highlands and is the end point on the East-West Economic Corridor running through Vietnam – Laos – Myanmar – Thailand, converging types of transport from air, seaport, railway, expressway, especially with deep water ports. Therefore, Da Nang has a great potential to develop into a maritime transport center, an important logistics hub to countries in the re…
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