The southern metropolis Ho Chi Minh City is becoming an attractive destination for many countries worldwide in term of investment, trade, tourism and cultural exchange, heard at a trade promotion conference in the locality on September 7.

VOV.VN - Vietnam National Textile and Garment Group (Vinatex) has put into operation a garment factory in Hoang Mai town, Nghe An province.

Analysts believe that HCM City will make a profitable investment by pumping VND1 trillion into startups, because the benefits in the future will be even higher.

Domestic and foreign investors are still keen on the Vietnamese market and have positive outlook about the country’s economy, according to a survey conducted by Grant Thornton Vietnam in the third quarter of 2016.

Hanoi ranked third among localities nationwide in attracting foreign direct investment (FDI), heard a conference held by the municipal People’s Committee in Hanoi on August 31.

The total capital demand of the domestic coal sector by 2030 would be around VND269 trillion (US$11.9 billion), 2.5 times less compared with the previous master plan.

A number of foreign cable and wire companies are planning expansion in Vietnam in order to take advantage of the growing local and Southeast Asian demand.

After kicking off the construction of the first solar power plant in the central province of Quang Ngai, Thien Tan Group continues to co-operate with US partner Black & Veatch to study investment opportunities for another solar power plant in Ninh Thuan province.

The Mekong Delta’s inland waterways, which are seen as an advantage of the delta to cut its transport cost and improve the competitiveness of its goods, have not received adequate investment over the past five years.

Investing heavily in such industries as steel, cement and oil refining is not the right path for Vietnam now, a former senior investment official has said.

VOV.VN - Amway, a global brand of health and beauty, has launched the high-end skincare LX Supreme Artistry brand. 

VOV.VN - As the world’s fifth largest economy, centrally located within the EU, there is strong competition for market share in all French industrial and service segments of the economy, say leaders of the city of Can Tho.

The construction of a 37MW wind power plant began in Phuoc Dinh commune, Thuan Nam district, south central Ninh Thuan province, on August 30. 

The total value of property inventories nationwide by mid-August had dipped by VND14.93 trillion, or 29.34%, against December last year to VND36 trillion (US$1.6 billion), the Vietnam Real Estate Association (VNREA) said.

Authorities of the northern mountainous province of Yen Bai on August 29 met a delegation from the RoK Business Association who came to explore investment opportunities in the province.

Vietnam always welcomes Singaporean investors and believes in their success in doing business in the country, President Tran Dai Quang told the Singapore-Vietnam business forum in Singapore on August 29. 

Singapore has more than 1,600 valid investment projects with a total registered capital of over US$37.9 billion in Vietnam at present, mainly in manufacturing and processing, making Singapore the third largest investor in the country, after the Republic of Korea and Japan.

Many foreign-invested projects in Vietnam have been operating with capital borrowed from Vietnamese banks.

Investors are keen on developing chilled distribution in Vietnam, amid the growing demand for high-quality foods.

Vietnam encourages Brunei businesses to invest in the fields of its strength such as energy, oil and gas, finance, real estate, tourism and infrastructure development, President Tran Dai Quang was speaking at a business forum in Bandar Seri Begawan on August 28.

VOV.VN - By the end of last month, Vietnam had attracted nearly US$13 billion from foreign direct investment (FDI), a year-on-year increase of 47%. 

Vietnam is well-placed to become the Southeast Asian leader in ‘affordable hospitality’ as stars align behind economic boom times.

VOV.VN - After years of national and local debate, Vietnam has approved the country’s first wind farm in Ninh Thuan Province – an important step in catching up with energy developments in other parts of the globe.

In the past few years the south of Phu Quoc island has become an investment hot spot, attracting real estate projects to Bai Khem and Mui Ong Doi beaches, the trans-sea cable system, and Hon Thom sea entertainment complex, with the total investment of VND20 trillion (US$940 million).

Vietnamese and Austrian enterprises attended a business-to-business platform in Austria on August 23 to seek partners in the fields of clean energy, banking, telecommunications and garments, as well as food. 

VinaCapital Group is partnering with the Republic of Korea's Shinhan BNP Paribas Asset Management (Shinhan) to provide investment products to Shinhan's clients in Korea, enabling them to participate in Vietnam's growing economy. 

Foreign Direct Investment (FDI) hit US$14.36 billion in the first eight months of this year, up 7.7% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. 

Rents of hundreds of millions of dong a month have forced many coffee chains to leave the market.

Japanese insurer Tokio Marine Holdings plans to add agricultural, auto and life insurance policies to its offerings in Vietnam, the Nikkei Asian Review reported on August 25.

Domestic and foreign direct investment in Indonesia is expected to grow more slowly in 2016, an official has said.