Inspired by many Republic of Korea (RoK)'s businesses and investors making a splash in Vietnam, many RoK's financial institutions are seeking to further invest or shore up their operations here. And it is not only RoK's businesses, but local ones too that such investors are aiming at.
With their home only a two-hour flight away, investors of luxury apartments from Hong Kong are now looking to the emerging city of Hanoi, where accommodation is cheaper than elsewhere in the region.
Long An authority had a dialogue on April 6 with representatives of business of the Republic of Korea to remove obstacles in their production and business in the southern province.
The central province of Nghe An is striving to lure eight foreign direct investment (FDI) projects worth US$100 million in 2018.
The northern province of Vinh Phuc has called for investments in support industries for automobile, motorbike and electronic production, said Nguyen Van Tri, Chairman of the provincial People’s Committee.
VOV.VN - Nafoods Group JSC has opened a new fruit and veg production and processing complex with an annual capacity of 9,000 tons in the district of Duc Hoa in Long An province.
Vietnam Dairy Products JSC (Vinamilk) will invest in four high-tech dairy farms in the north central province of Thanh Hoa until 2020, said Vinamilk General Director Mai Kieu Lien.
The southern province of Binh Phuoc has attracted 11 investment projects totalling US$100 million in the first quarter of 2018, approximately equal to this year’s target.
Korean retail giant Lotte is considering whether to open more stores in major Vietnamese cities, including the capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City.
The Central Highlands province of Dak Nong has approved in principle a solar power project, worth VND1.1 trillion (US$48.4 million), in Truc Son commune, Cu Jut district, the provincial People’s Committee announced on April 4.