The Ministry of Construction has offered nearly 80.58 million shares of the largest ceramics producer Viglacera in an attempt to offload the State capital in the company.

On June 21, Pyeong Hwa Automotive Co., Ltd. (PHA) was granted the investment certificate for its automotive parts manufacturing plant located in Deep C II Industrial Zone (IZ) at the northern port city of Haiphong’s Dinh Vu-Cat Hai Economic Zone.

Endowed with a coastline of 72 kilometres, the Mekong Delta province of Soc Trang is not only suitable for developing the mining industry, aquaculture, logistics, and tourism, but also has great potential for industrial-scale wind power generation.

Creating a transparent business environment will make the central province of Thua Thien-Hue become an attractive destination for foreign direct investments (FDI), heard a conference held in the locality on June 22.

The central province of Quang Tri has drawn several investment projects in hi-tech and organic agriculture recently, contributing to restructuring the agricultural sector toward creating clean products with high added values.

Despite the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.

The industrial property market in Vietnam, including industrial land, ready-built factories, warehouses and other logistics properties, is in the nascent stage of development, making the country an attractive destination for investors, reported US-based commercial real estate brokerage firm Jones Lang LaSalle (JLL).

The People’s Committee of the Mekong Delta province of Tra Vinh has decided to spend more than VND9.7 billion (US$426,800) to help local firms improve the quality of key products of the locality in 2018-2020.

Total FDI capital poured into new and existing projects and used to contribute capital and buy shares in domestic companies reached US$9.9 billion in Jan-May, down 18.3% year on year.

As many as 31 projects worth VND16.3 trillion (US$717.2 million) have so far been registered to run in the northern province of Thai Nguyen within the framework of its investment promotion conference.

The Vietnamese Embassy in Algeria has held a three-day trade and investment promotion programme in Algeria’s western province of Mostaganem, a locality with strength of tourism, maritime services and agriculture.

The Vietnam-Singapore Industrial Park (VSIP) in the central province of Quang Ngai has attracted 17 projects worth a total US$383 million since it commenced construction in 2013.

Japanese personal care firms Takara Belmont, Menard, and Shiseido have found ways to get their parts in the Vietnamese cosmetics market, whose value is expected to hit US$2.35 billion this year, according to the Dau Tu (Investment) newspaper.

Measures to improve the quality and working efficiency of employees working in foreign direct investment (FDI) enterprises in line with Vietnam’s foreign investment attraction orientation were discussed at a seminar in Hanoi on June 19. 

The Mekong Delta province of Tien Giang raked in a total investment of more than VND7.2 trillion, or US$316.8 million, in the first half of 2018, a 2.3-fold increase from the same period last year.

A conference on investment and start-up promotion will take place in the Mekong Delta province of Soc Trang on June 19, aiming to call for investments to the locality. 

Vietnam has witnessed major growth in the number of international hotel brands and foreign hotel management companies entering the country over the past few years.

The manufacturing-processing industry absorbs more than half (57.9%) of the foreign direct investment (FDI) inflow into Vietnam over the past years to May 2018, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. 

The central city of Da Nang has been compiling simplified investment procedures to support European businesses with more transparency and a reduction in informal charges.

Hanoi drew in more than US$5.9 billion in FDI in the first half of 2018, making it the country’s largest six-month FDI attractor for the first time in three decades, said Chairman of the municipal People’s Committee Nguyen Duc Chung on June 17.

The central coastal province of Quang Binh has attracted 14 investment projects with nearly VND3 trillion (US$129 million) in total capital into its industrial parks and economic zones so far this year. 

The construction of a sheep wool factory kicked off at the Phat Chi industrial complex in Da Lat city of the Central Highlands province of Lam Dong on June 15.

While more and more foreign giants are coming to Vietnam, domestic plastics companies are still fumbling for a way to control supply sources.

Investors have poured more capital into Vietnamese technology startups amid the strong rise of new technologies such as AI and Big Data.

More than 2,000 foreign businesses from 16 countries and territories worldwide have invested some US$15.75 trillion in Vietnam’s garment and textile sector so far, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

The northern province of Thai Nguyen will host an investment promotion conference in early July 2018 to introduce its potential, strengths and policies to international investors and organisations. 

Japan’s Willer, Inc. and Vietnam’s Mai Linh group have signed a memorandum of understanding on business cooperation in the transport of passengers.

Vietnamese youth, who account for 60% of the total population, are a promising market for health and beauty products. The industry has an average growth rate of 30% per annum. 

Ho Chi Minh City will work closely with the International Finance Corporation (IFC) in translating the memorandum of understanding (MoU) signed by the two sides into projects, said a municipal official.

Prudential Vietnam has got approval from the Ministry of Finance to increase its chartered capital to VND4,128 billion (around US$181.8 million).