The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6% stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated VND110 trillion (US$4.89 billion).

The government of Vietnam welcomes all feedback and recommendations of domestic and foreign investors to improve local policies for better business climate, said Prime Minister Nguyen Xuan Phuc on December 18.

The first 11 months of 2017 witnessed a boom in foreign investment in Vietnam, which surged up 53.4% year on year to reach US$33 billion of new capital, according to the Foreign Investment Department under the Ministry of Planning and Investment.

The People’s Committee in the central coastal province of Khanh Hoa estimated that more than VND100 trillion (US$4.4 billion) was needed to develop infrastructure for the Bac Van Phong Special Administrative-Economic Unit by 2025.

Ho Chi Minh City’s real estate sector attracted US$984.4 million in foreign direct investment (FDI) during January-November, triple the figure from the same time in 2016.

Twelve years ago, Bachiang was one of the most disadvantaged districts in Laos’ southwestern province of Champasak. 

Analysts have warned that strong brands may disappear once foreign investors buy into Vietnamese companies.

The Japan External Trade Organisation (JETRO) recently held a press conference in Hanoi, where it called for Vietnamese enterprises to do business in Japan, noting the country as an attractive destination for foreign investors.

After the government’s Decision No. 11/2017/QD-TT on supporting the development of solar power was issued in April, Vietnam witnessed a trend of successfully registered and licensed projects, though challenges still await potential investors.

Sabeco holds the largest market share, but it is Heineken which dominates the Vietnamese beer market.