Route Inn Group from Japan has launched its first five-star beach resort project – the Grandvrio Ocean Resort Da Nang – in Dien Ban town of the central province of Quang Nam, adding 96 hotel rooms and 54 villas to the provincial hospitality industry.

Da Lat, the ‘city of thousands of pine trees’, located 1,500 meters above sea level on Langbian Plateau, has attracted agriculture investors from Japan, Singapore and the Republic of Korea (RoK) who are growing vegetables, flowers and strawberries.

Following the successful initial public offering (IPO) in January, PetroVietnam Power Corporation (PV Power), the second largest state-run electricity producer in Vietnam, started trading its shares on the Unlisted Public Company Market (UPCoM) on March 6.

After a long period of hesitation, the Vietnam National Coffee Corporation (Vinacafe) is being pushed towards equitisation once more by the Ministry of Agricultural and Rural Development (MARD).

More and more Vietnamese manufacturers are calling for foreign investment to implement their business expansion plans.

Vietnam wants to boost investment cooperation with India in the fields of information-technology, biotechnology, renewable energy, machinery  building, chemicals, pharmaceuticals, electricity, oil and gas, and agro-fishery processing.

The Mekong Delta province of Tra Vinh attracted 17 new investment projects with total registered capital of VND344 billion (US$15.11 million) in the first two months of 2018, reported the provincial Planning and Investment Department.

Foreign direct investment (FDI) flows into real estate have been very high so far this year, and a new record is expected to be set this year.

Vietnam granted investment licences to 411 new projects of foreign investors as of February 20, with a total registered capital of US$1.39 billion which is equivalent to 68.6% of the figure for the same period last year.

About US$130.29 million of foreign direct investment (FDI) has been poured into new and existing projects in the northern province of Bac Ninh since the beginning of 2018.