An event connecting technology ventures of Vietnam and the Republic of Korea (RoK) was held in Ho Chi Minh City on August 22 to strengthen cooperation and trade activities between businesses of the two countries. 

Both state-owned and private businesses are eyeing aviation infrastructure projects, which are believed to bring high profits thanks to increasingly high travel demand.

The Ho Tram Strip is currently a magnet attracting investors to the Vietnamese resort market, especially the condotel market. It not only attracts more than 200,000 visitors a year but also helps Vietnamese and foreign investors make attractive investment deals.

Experts say the legal framework for consumer financing is still not open enough, creating difficulties in attracting foreign capital.

Up to 41 of the 44 new projects in Ha Nam so far this year have invested in processing, manufacturing, and supporting industries, a result of the Red River Delta province’s efforts to selectively attract investments.

The northern province of Bac Ninh licensed 116 new foreign direct investment (FDI) projects worth US$332.5 million in the first seven months of 2018, according to the provincial Department of Planning and Investment.

Minister of Planning and Investment Nguyen Chi Dung on August 20 advised the northern province of Thai Nguyen to create a better environment in order to attract more investors, as well as pay more attention to regional connectivity to provide mutual support.

The Orient Commercial Joint Stock Bank (OCB) has successfully issued shares worth more than VND900 billion (over US$39.6 million) to increase its chartered capital.

Vietnam National Shipping Lines (Vinalines) is welcoming all investors interested in becoming shareholders of the corporation during its initial public offering (IPO) scheduled for September 5 at the Hanoi Stock Exchange. 

Nineteen projects with total capital of US$1 billion received investment licenses at an investment promotion conference of southern Binh Phuoc province on August 20.