Foreign direct investment (FDI) in HCM City is dwindling and cannot continue to drive the economy, Su Ngoc Anh, Director of the municipal Department of Planning and Investment, has said.

Nui Phao Mining Company Ltd has acquired Germany-based H.C.Starck GmBH’s 49% stake in Nui Phao – H.C.Starck Tungsten Chemicals Manufacturing LLC (NHTCM) for US$29.1 million.

The Vietnam National Shipping Lines (Vinalines) will offload nearly 489 million shares in its initial public offering (IPO) scheduled on September 5 at the Hanoi Stock Exchange.

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan on August 16 urged the Republic of Korea (RoK) SM Group to invest in the city’s latest innovative urban area, particularly in the spheres of transport, telecommunications, and housing for scientists. 

Participants heard details about the new government regulations and policies on investment encouragement for the promotion of innovative startup activities, during a workshop held in Hanoi on August 14.

Foreign manufacturers are shifting their focus to Vietnam’s medical equipment market, which promises strong growth and harbours unexploited potential.

The Ho Chi Minh City hotel market this year has welcomed many foreign brands, including Mandarin Oriental, Movenpick and Best Western Premier. 

The southern province of Dong Nai has so far this year attracted over US$1.14 billion in foreign direct investment (FDI), surpassing its yearly target by 14%, the province’s industrial zones management board said on August 13.

The Mekong Delta province of Kien Giang introduced a list of 64 projects that call for investment in 2018 at an investment promotion forum held in Ho Chi Minh City on August 13. 

JAMJA - a technology startup firm in Vietnam - has just successfully called for nearly VND20 billion (US$860,000) from major investment funds of the Republic of Korea (RoK) and Japan.