The central coastal province of Quang Binh has attracted 14 investment projects with nearly VND3 trillion (US$129 million) in total capital into its industrial parks and economic zones so far this year. 

The construction of a sheep wool factory kicked off at the Phat Chi industrial complex in Da Lat city of the Central Highlands province of Lam Dong on June 15.

While more and more foreign giants are coming to Vietnam, domestic plastics companies are still fumbling for a way to control supply sources.

Investors have poured more capital into Vietnamese technology startups amid the strong rise of new technologies such as AI and Big Data.

More than 2,000 foreign businesses from 16 countries and territories worldwide have invested some US$15.75 trillion in Vietnam’s garment and textile sector so far, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

The northern province of Thai Nguyen will host an investment promotion conference in early July 2018 to introduce its potential, strengths and policies to international investors and organisations. 

Japan’s Willer, Inc. and Vietnam’s Mai Linh group have signed a memorandum of understanding on business cooperation in the transport of passengers.

Vietnamese youth, who account for 60% of the total population, are a promising market for health and beauty products. The industry has an average growth rate of 30% per annum. 

Ho Chi Minh City will work closely with the International Finance Corporation (IFC) in translating the memorandum of understanding (MoU) signed by the two sides into projects, said a municipal official.

Prudential Vietnam has got approval from the Ministry of Finance to increase its chartered capital to VND4,128 billion (around US$181.8 million).