Foreign direct investment (FDI) in HCM City is dwindling and cannot continue to drive the economy, Su Ngoc Anh, Director of the municipal Department of Planning and Investment, has said.

Nui Phao Mining Company Ltd has acquired Germany-based H.C.Starck GmBH’s 49% stake in Nui Phao – H.C.Starck Tungsten Chemicals Manufacturing LLC (NHTCM) for US$29.1 million.

The Vietnam National Shipping Lines (Vinalines) will offload nearly 489 million shares in its initial public offering (IPO) scheduled on September 5 at the Hanoi Stock Exchange.

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan on August 16 urged the Republic of Korea (RoK) SM Group to invest in the city’s latest innovative urban area, particularly in the spheres of transport, telecommunications, and housing for scientists. 

Participants heard details about the new government regulations and policies on investment encouragement for the promotion of innovative startup activities, during a workshop held in Hanoi on August 14.

Foreign manufacturers are shifting their focus to Vietnam’s medical equipment market, which promises strong growth and harbours unexploited potential.

The Ho Chi Minh City hotel market this year has welcomed many foreign brands, including Mandarin Oriental, Movenpick and Best Western Premier. 

The southern province of Dong Nai has so far this year attracted over US$1.14 billion in foreign direct investment (FDI), surpassing its yearly target by 14%, the province’s industrial zones management board said on August 13.

The Mekong Delta province of Kien Giang introduced a list of 64 projects that call for investment in 2018 at an investment promotion forum held in Ho Chi Minh City on August 13. 

JAMJA - a technology startup firm in Vietnam - has just successfully called for nearly VND20 billion (US$860,000) from major investment funds of the Republic of Korea (RoK) and Japan.

Authorities of the Mekong Delta of Tra Vinh have approved an investment of close to VND3.37 trillion (US$144.3 million) in the Hiep Thanh wind power plant from three investors.

US Consul General in Ho Chi Minh City Mary Tarnowka has expressed her wishes to further promote trade with the Mekong Delta city of Can Tho in the field of agriculture, thereby enabling firms from the Mekong Delta and Can Tho in particular to boost their exports to the US. 

The central city of Da Nang has introduced a number of open-door policies to lure investors in 2018, which has been set by the city as a year of investment attraction.

The Hanoi Department of Industry and Trade and Semmaris Group of France will cooperate in the study and research on building an international wholesale market of farm produce in Hanoi. 

The Mekong Delta province of Soc Trang will prioritise investors with technical and financial capacity to implement wind power projects in the province, according to local officials.

The southern province of Dong Nai lured more than US$980 million in 120 foreign direct investment (FDI) projects in the first seven months of 2018, equivalent to 98% of its annual plan.

Prime Minister Nguyen Xuan Phuc applauded the good policies and the consensus of Tien Giang’s political system in improving local investment – business climate while speaking at an investment promotion conference of the Mekong Delta province on August 9.

Mergers and acquisitions (M&A) have become a popular investment channel and a crucial factor in restructuring companies to improve their efficiency and competitiveness and that of the economy, a conference heard in Ho Chi Minh City on August 8.

Indian fabric investors have shifted their attention from China to Vietnam, which is billed as an emerging denim fabric manufacturing centre, in their search for potential suppliers of denim fabric.

The Asia Bakery and Confectionery Pte. Ent, known as ABC Bakery, has wrapped up export procedures for its first container of moon cakes (60,000 moon cakes) to be shipped to the US to be sold at supermarkets there.

The southern province of Ba Ria-Vung Tau ranked third among cities and provinces nationwide in FDI attraction with about US$2.15 billion landing into local projects since the beginning of 2018.

Co-working spaces in Vietnam only account for 0.5% of the office-for-lease market, but are becoming more popular. 

Ho Chi Minh City will create optimal conditions for Japanese firms to do long-term business in the city, said Vice Chairman of the municipal People’s Committee Le Thanh Liem.

The real estate market is predicted to witness the most merger and acquisition (M&A) deals in 2018.

Ongoing and upcoming road projects will be the primary drivers of growth in Vietnam’s transport infrastructure sector, Fitch Group said.  

When foreign investors partner up with Vietnamese companies, post-merger integration becomes a complex task, focused on cross-cultural understanding and the setting of mutual goods.

Vinamilk products, served on Vietnam Airlines flights departing from Vietnam, will have specially designed packing to promote the quality of the country’s single four-star airline.

A trend of steady rises in mergers and acquisitions continues to brighten up Vietnam’s foreign investment picture in the first seven months of 2018, affirming it as one of the most effective investment channels for the high-potential market.

Vietnam has become an attractive destination for many foreign investors largely due to the country’s friendly policies encouraging FDI, its political stability and strong economy, the latest report of US-based John Lang LaSalle (JLL) said.

Free trade agreements, particularly the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), are the driving force to attract big investments in Vietnam’s garment-textile industry.