The Bank of India (BOI) opened its 61st overseas branch in Ho Chi Minh City on July 22, becoming the first Indian bank to operate in Vietnam. 

The central coastal province of Binh Dinh has decided to end investment attraction for the petrochemical oil refinery project in Nhon Hoi Economic Zone due to its unfeasibility.

The Thai Department of International Trade Promotion (DITP) has set its sights on Laos for expanding Thailand’s international trade, seeing the country’s stable economy as a target for investment. 

Hong Kong based insurer FWD Group is working to quickly establish its presence in Vietnam as the country has a huge growth potential on insurance market with more than 90 million people, according to the group’s CEO Huynh Thanh Phong.

The northern province of Vinh Phuc has attracted US$3.43 billion in foreign direct investment (FDI) with 222 projects as of mid-July, 2016, according to the provincial Investment Promotion Agency

The Ministry of Construction (MoC) is managing 19 technical support projects this year with total committed ODA capital of more than US$45.6 million. 

Developing tourism sites with entertainment services is a profitable business, but investors are poring large amounts of money into projects but seeing only 'small change’.

Foreign experts and firms continue grumbling over Vietnam’s low power tariffs which have made it hard for the country to compete in the international wind energy sector.

The southern province of Dong Nai attracted US$1.34 billion in foreign direct investment (FDI) as of July 19, a year-on-year rise of 20%, surpassing the annual target by 34%. 

The 2016 Vietnam – Singapore Business Forum (VSBF) is a significant foundation to connect trade and investment between the two nations, Singaporean Consul in Ho Chi Minh City Leow Siu Lin said at the VSBF that opened in the city on July 20.