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.  

Foreign direct investment in Hanoi amounted to US$744 million in the first four months of 2018.

LINE expects to make a comeback to Vietnam through its investment in webtretho.com.

Encouraging investment in infrastructure in the form of public-private-partnership (PPP) is necessary to tap into domestic and foreign capital sources and technology, said Deputy Minister of Planning and Investment Vu Dai Thang.

Favourable business climate and a large consumption market have made Ho Chi Minh City become an attractive destination for high-tech agriculture.

VIR has talked with Eximbank’s Mochizuki Masashi, senior director of Japanese Customers, and Yutaka Moriwaki, board member, senior director, and head of the Eximbank Restructuring Project, to gain a closer look into investment trends and the Japanese bank’s strategic investment.