Ministries urged to remove 49% foreign cap

Ministries urged to remove 49% foreign cap

The Prime Minister’s working group has asked the ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49% at enterprises where foreign investment is not restricted.

Deputy PM: Public capital disbursement must be publicised

Deputy PM: Public capital disbursement must be publicised

Deputy Prime Minister Vuong Dinh Hue has requested the Ministry of Planning and Investment and Ministry of Finance to monthly publicise the disbursement of capital for public investment projects by ministries, sectors and localities.

Lower-cost plan for Tan Son Nhat airport expansion proposed

Lower-cost plan for Tan Son Nhat airport expansion proposed

A state-owned consultancy has proposed adjustments to the expansion plan for Ho Chi Minh City-based Tan Son Nhat international airport that would result in much lower costs than one proposed by the French consultancy ADPi.

FDI firms prefer commercial dispute arbitration

FDI firms prefer commercial dispute arbitration

As many as 40 percent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC).

Commercial banks discuss M&As - again

Commercial banks discuss M&As - again

After a quiet period, M&As have once again become a hot topic of discussion at banks’ annual shareholders’ meetings. Several big deals are expected to be completed this year.

US$180-million AEON MALL Haiphong to break ground on May 13

US$180-million AEON MALL Haiphong to break ground on May 13

On May 13, Japanese shopping mall developer AEON MALL will receive the investment certificate for its US$180-million “AEONMALL Haiphong–Le Chan” shopping mall. The ground-breaking ceremony of the project will be organised on the same day.

European farm produce seek ways to reach Vietnamese consumers

European farm produce seek ways to reach Vietnamese consumers

The European agriculture producers are expecting the European Union-Vietnam Free Trade Agreement (EVFTA) to take effect soon as it will pave the way for their agricultural products, including fruits, meat and dairy, to enter the Southeast Asian market with a population of 93 million.

SCIC to sell stakes in 121 firms for after-tax profit

SCIC to sell stakes in 121 firms for after-tax profit

The State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018 with a view to making after-tax profit of VND5.4 trillion (US$237.8 million), a 17% year-on-year decrease.

Vietnamese firms advised to invest in Cuba’s tourism market

Vietnamese firms advised to invest in Cuba’s tourism market

Amid increasing demand from international visitors, Cuba plans to increase its number of hotel and guesthouse rooms to 108,000 by 2030, opening up great opportunities for Vietnamese investors operating in the fields of property, restaurant and tourism.

Platinum Victory to raise Vinamilk’s ownership to 11%

Platinum Victory to raise Vinamilk’s ownership to 11%

Platinum Victory Pte. Ltd, a wholly-owned subsidiary of Singapore-based automotive group Jardine Cycle and Carriage (JC&C), has registered to purchase an additional 14.51 million shares of Vietnam’s largest dairy producer Vinamilk.