The Republic of Korea's Daewoo E&C has picked Phuoc Vinh Dong commune in the southern province of Long An as the site to construct its proposed US$2.7 billion coal-fired thermal power plant.

Two of Vietnam’s richest groups have made significant progress in their ambition to become Vietnam’s largest hotel chain developers abroad.

Vietnamese realty group Hoang Anh Gia Lai has put into operation a five-star hotel in Yangon, Myanmar.

The Republic of Korea (RoK) is currently the biggest investor in the southern province of Binh Phuoc with 81 businesses registering a total capital of about US$500 million, said Chairman of the provincial People’s Committee Nguyen Van Tram. 

Vinh Phuc authorities have assured enterprises from the Czech Republic of favourable conditions for them. 

VOV.VN - The government of Vietnam has successfully negotiated a free trade agreement (FTA) with the EU that incorporates a new method for the resolution of disputes between foreign investors and states.

Tasco Joint Stock Company is seeking to form international partnerships to pursue large upcoming projects.

Switzerland and Vietnam’s 45-year history of diplomatic relations has been defined by sustainable development in trade and investment.

International auditing and consulting companies are seeking ways to increase co-operation, in order to best serve their clients investing in foreign countries.

More than 80,800 enterprises entered into or returned to Vietnam’s business scene in the first seven months, with the sectors of real estate and healthcare seeing the most impressive increases in new companies.

VOV.VN - BRG Group Vietnam, SeABank and Michinoku Bank of Japan have announced the formation of a consortium to promote quality agriculture and foodstuffs trade between Vietnam and Japan. 

VOV.VN - CH Carolina Herrera is making major moves. In August, the international fashion house has announced it will expand its footprint into Vietnam and open a flagship store at the Saigon Centre in District 1 of Ho Chi Minh City.

Ho Chi Minh City hopes to welcome a new wave of Malaysian investors, especially following the formation of the ASEAN Community and the conclusion of the Trans-Pacific Partnership (TPP)

Daesang Corporation, a major producer of consumer foods and additives in the Republic of Korea, has been in talks to buy a stake in Duc Viet Food JSC, news website VnExpress reported on July 28, quoting an unnamed source from the Vietnamese company.

VOV.VN - In the past year, 3,141 foreign investors have bought US$2.948 billion shares of Vietnam companies, according to Foreign Investment Agency under the Ministry of Planning and Investment.

Vietnam has attracted US$12.94 billion in foreign direct investment (FDI) as of July 20, up 46.9% against the same period last year, according to the General Statistics Office.

VOV.VN - Domestic electronics manufacturing can play a bigger role in the industrial development of the nation and help grow the country’s exports – thereby creating more real jobs, says the Ministry of Planning and Investment (MoPI).

Mitsubishi Corp. is partnering with a Vietnamese firm to develop a major real estate project in Vietnam with construction costs of up to 200 billion JPY (US$1.9 billion). 

The Vietnam Pangasius Association launched a trading website and a farming e-map of Tra fish at a ceremony in the Mekong Delta city of Can Tho on July 27.

The southern province of Binh Duong has so far attracted 2,713 foreign-invested projects with a total capital of around US$25 billion, including US$16 billiondistributed to 1,635 projects that are underway in industrial parks (IP).

The Ministry of Transport divested from several companies following Government directives, gaining more than US$88.9 million during the first half of this year, said an official from the ministry.

VOV.VN - With a total investment capital of US$2.49 billion, the 19.7 km metro line No 1 connecting Ben Thanh market and Suoi Tien Theme Park in Ho Chi Minh City has begun to take shape as construction work at several sections has been speeded up. 

Vietnam is becoming an attractive investment destination for Thai firms as it embraces a more friendly business climate with increasing participation in trade blocs.

A seminar took place in El Gouna of the Red Sea Governorate, Egypt on July 25 to introduce to local firms the potentials and business opportunities in Vietnam and boost bilateral trade between the two countries.

Foreign direct investment (FDI) registered in HCM City has decreased by 65% year-on-year, according to the municipal Statistics Office.

VOV.VN - The Joint-Stock Commercial Bank for Investment and Development of Vietnam (BIDV) will inaugurate its branch in Myanmar late this month in the framework of a tourism forum themed “Four countries – One destination”.

Sofitel Plaza Hanoi and Duxton Saigon have been transferred to new owners at a time when many new hotel brands have opened in Hanoi and HCM City. 

Global leader in storage tanks and covers, CST Industries, has deepened its footprint in Vietnam via a distribution contract signed with Son Ha Group, choosing the nation as a very sensible destination for the US-based company to invest in a manufacturing site in the near future.

After joining WTO, Vietnam laid the red carpet out to welcome foreign investors with huge investment projects worth billions of dollars. But some of these projects never started or have lost licenses.  

Vietnam’s stable economic growth rate and improved business and investment environment over a long period has enticed French big corporations to invest or expand their projects in Vietnam.