Preferential treatments including tax and land use incentives are a key factor in the Vietnamese government’s bid to attract foreign investment; however, domestic enterprises are beginning to voice their complaints.
As local salaries rise and global trends shift, Vietnam is drafting a new foreign direct investment attraction strategy for the upcoming years, with a focus on some prioritised sectors to bring added value to the economy.
Few venture funds have been set up in Vietnam, and few startups have successfully called for capital from the funds.
The Koyu & Unitek Company, based in the southern province of Dong Nai, plans to develop a second chicken processing factory to meet the demand for chicken products of the Japanese market.
Japan-based fashion apparel retailer Stripe International Inc. remains hungry after acquiring NEM Fashion and is now planning to seize other apparel brands in Vietnam to expand faster.
VOV.VN - Six businesses from the Republic of Korea have been granted licences to invest in Dung Quat Economic Zone in the central province of Quang Ngai.
Kimmo Tuppurainen, sales director for Southeast Asia for Watrec, said his company has launched a clean energy project worth EUR30 million (more than US$33 million) in Hanoi.
Fair-trade certification is expected to help Vietnamese cocoa enter the EU market, especially after the EU-Vietnam Free Trade Agreement takes effect, slated for 2019, experts have said.
Though experts all agree that SEZs must be run with ‘special political institutions and outstanding policies’, they dare not ‘make a breakthrough’ and design regulations which go beyond the current legal framework.
Macau’s biggest junket operator Suncity Group is negotiating the purchase of 34% stake in South Hoi An integrated casino resort complex, now called Hoiana, while simultaneously confirming to pour US$26.2 million in the project, according to newswire Dealstreetasia.
VOV.VN - Industrial and economic zones (IEZs) in central Thua Thien-Hue Province have yielded 147 projects with a combined registered capital of more than US$2.94 billion (VND65,750 billion), including 34 FDI projects worth around US$1.39 billion so far.
Lam Dong province would like to attract investment in green energy and technology, a conference on investment promotion held by the Central Highlands province in Ho Chi Minh City on October 26 heard.
VOV.VN - As of October 20, Vietnam has attracted US$28.24 billion in foreign direct investment (FDI) capital, a year-on-year increase of 37.4%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
VOV.VN - The news was announced by Nguyen Thanh Truc, director of the Binh Duong provincial Department of Planning and Investment at a meeting between the provincial leaders and Japanese businesses on the morning of October 25.
VOV.VN - Ho Chi Minh City is seeking financial backing for nine major projects, mainly metro projects, and four key industries to lay the foundations for socio-economic development in the future, said Le Thanh Liem, vice chairman of the municipal People’s Committee.
VOV.VN - The Korean Institute of Industrial Technology (KITECH) Director Gun Young Jung has revealed that his agency desires to study cooperation opportunities to build waste treatment plants in the Mekong Delta city of Can Tho.
VOV.VN - The Central Highlands Gia Lai province People’s Committee has approved the project to build the Krong Pa Solar Power Plant in Chu Gu village, Krong Pa district with Gia Lai Electricity JSC as the investor.
VOV.VN - VRG Dongwha Joint Stock Company on August 28 officially operated the biggest Medium Density Fibreboard (MDF) wood factory in Asia at Minh Hung III Industrial Zone in Chon Thanh District, Binh Phuoc Province.
VOV.VN - TATA Coffee Ltd, a subsidiary company of Indian TATA Group, has become the first Indian business to build an instant coffee plant in Vietnam.
VOV.VN - PersonEdge, one of Malaysia’s leading players in social media marketing, has opened its representative office in Vietnam which is located at The Manor Building, 91 Nguyen Huu Canh St, Binh Thanh District, Ho Chi Minh City.