VOV.VN - CapitaLand’s wholly-owned serviced residence business unit, The Ascott Group Limited (Ascott), has secured a contract to manage the Citadines Blue Cove Danang, company officials report.

Vietnam and Cambodia are two neighbouring countries with a time-honoured friendship. Over the past years, the Vietnam-Cambodia cooperation and friendship have been continuously developed in all fields, particularly in the economy, trade and investment.

The Southern Power Corporation of the Electricity of Vietnam (EVN) needs over VND62 trillion (US$2.79 billion) to carry out nine power transmission projects in the southern region and fulfil its rural electrification targets in 2016-2020. 

A ground-breaking ceremony for the north central region’s first five-star complex of hotel, entertainment and resort was held in Cua Lo town, the central province of Nghe An on June 26.

Daewoo Engineering & Construction Co. announced that it would proceed with the official contracts for 182 households of the first high-end villa project in the "Star Lake" New City in Hanoi from July 4.

FDI continued to be a highlight for Vietnam’s economy in the first half of the year, with 907 new FDI projects licensed as of late May, totalling nearly US$7.6 billion, up 53.2% in the number of projects, and 155.9% in registered capital compared to the same period of 2015.  

A delegation of representatives from dozens of Hong Kong companies made a field trip to the southern province of Binh Duong on June 25 to learn about the local investment climate. 

A series of foreign investors have been planning to develop solar power plants in Vietnam as the demand for renewable energy in the country is increasing.

A workshop, themed "Opportunities for investing in support industry in Vietnam” was organised in Osaka City, Japan on June 23. 

Deputy Prime Minister Trinh Dinh Dung has asked ministries and localities to make breakthroughs in attracting investment for Public Private Partnership (PPP) infrastructure projects.

VOV.VN - Hong Kong businesses outward foreign direct investment in Vietnam over the past 30 years tallies to an estimated US$6 billion dollars in roughly 1,000 ventures speakers told guests at a June 24 seminar in Ho Chi Minh City.

While Vietcombank and VietinBank have proposed to lift the foreign ownership ratio ceiling to 35-40% to satisfy requirements of the Basel II Accord, ABBank and SCB want higher foreign ownership ratios (49% and over 50%) to speed up the restructuring process.

The Ha Tinh People’s Committee has agreed in principal to license Taiwanese Wei Yu Engineering Company to develop an agricultural and a wharf construction project in the central province’s Vung Ang Economic Zone.

The agricultural sector is striving to increase the number of businesses operating in the sector by 10% annually during the 2017-2020 period, with 20-30% of them showing innovation and creativity.

VOV.VN - The CJ Group - the leading group of food material distribution from the Republic of Korea –has decided to officially plant chilli in Vietnam after six months successfully conducting a pilot project in southern Binh Thuan province.

The Dàlat at 1200 Country Club and Private Estate just secured seven awards for their luxury development in the heart of the south central highlands of Vietnam.

VOV.VN - Hanoi has been a leading locality in FDI (foreign direct investment) attraction since early this year, according to the municipal Department of Planning and Investment.

Amata Vietnam and Tuan Chau Group have officially decided to establish Tuan Chau-Amata joint venture to develop a US$1.6 billion industrial park and the Amata City Halong complex in the northern province of Quang Ninh.

The business community has hailed the media for its active role in shaping a healthier business and investment environment. In the meantime, the media has been asked to fine tune its self so that journalist should never been a threat to good business practices.

Ministries, sectors and localities have together disbursed over VND83 trillion (US$3.73 billion) of public investment capital so far this year, completing 33.14% of the disbursement plan in 2016, heard a meeting in Hanoi on June 21.

Vice President of the Cuban Council of State Salvador Valdes Mesa on June 21 had a working session with the Vietnam Bank for Agriculture and Rural Development (Agribank) to learn about the agricultural finance mechanism.

Authorities of Ho Chi Minh City will continue holding meetings with local and foreign businesspeople to promptly unlock obstacles facing them, Secretary of the Ho Chi Minh City Party Committee Dinh La Thang pledged.

Ho Chi Minh City authorities plan to address business competitiveness and productivity at meetings with investors to respond to the sharp drop in foreign direct investment (FDI) this year.

The Vietnamese leading company in wood-working and decorative materials An Cuong Wood Working JSC will receive financial supports worth US$30 million to branch out its business, as heard a press conference held in Ho Chi Minh City on June 15.

Nam Long, one of the leading privately-owned real estate developers in Vietnam, has recently launched 450 affordable villas and townhouses under the Valora brand name.

Thai investments are expected to continue growing across Vietnam thanks to the country’s improved business climate and new trade bloc windfalls.

The Far Eastern Group from Taiwan (China) is accelerating a US$760 million project serving cloth and fibre production in southern Binh Duong province’s Bau Bang Industrial Park.

Southern Binh Duong province attracted US$1.097 billion in foreign direct investment (FDI) as of mid-June, equivalent to 78.3% of its yearly plan and up 8.3% against the same period of last year, according to the provincial People’s Committee. 

The Canadian Northstar group, which specialises in providing financial services for small- and medium-sized enterprises, wants to support firms in the southern province of Binh Phuoc.

There are 40 state financial funds established to support Vietnamese enterprises to develop its production. However, most private businesses say they cannot receive any support from the state.