Cuba has emerged as the third biggest investment destination of Vietnamese enterprises after Laos and Cambodia.
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.
Vietnamese firms have had a lot of success while investing in foreign markets.
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.
The northern province of Bac Giang is working out measures in an effort to attract US$2 billion in domestic and foreign investment in 2018.
Prime Minister Nguyen Xuan Phuc has approved a proposal to hire foreign consulting units or domestic and foreign joint ventures to verify the pre-feasibility study report of the Ho Chi Minh City metro line 5 project.
VOV.VN - Thirty-four projects with a total capital of US$129 million have been granted investment licenses abroad during the first four months of the year, according to the Ministry of Planning and Investment (MOPI).
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.
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).
Local investors are concerned with recent increases in net selling by foreign traders, fearing a capital flight, but experts have tried to calm the market with positive recommendations.
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.
Japanese glass producer Nippon Sheet Glass (NSG) will pump part of a US$365 million investment into upgrading and restarting a currently dormant thin glass float factory in Vietnam, according to the company website.
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.
The Ministry of Planning and Investment (MPI) has asked centrally-run cities and provinces to promptly submit their reports on the implementation and disbursement of public investment in 2018.
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.
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.
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 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.
Vietnam’s military-run Viettel Group will officially inaugurate its services in Myanmar under the trade name of Mytel in the second quarter of 2018.
The Mekong Delta province of Tra Vinh is giving priority to calling for investment in 59 projects in the fields of industry and agriculture between 2018 and 2025.