The northern province of Vinh Phuc has exerted various efforts towards international integration, attracting many foreign investors with high technology and helping to boost its socio-economic development.
The US-ASEAN Business Council (USABC) will remain a reliable partner of Vietnam, affirmed USABC President and CEO Alexander C. Feldman at his working session with Minister-Chairman of the Vietnamese Government Office Mai Tien Dung in Washington DC on April 11 (local time).
The property sector will continue to be a fertile ground for foreign investors, largely due to the country’s rising demands for housing as well as deeper global integration with a line-up of bilateral and multi-lateral new-generation trade pacts.
In 2019, the southern Ho Chi Minh Stock Exchange (HoSE) will work on a special mechanism that allows foreign investors to trade shares of companies that have run out of room for foreign ownership, especially investors from Thailand, Malaysia and Japan.
Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen Tri Hieu.
International companies, especially those from China and the United States, are steadily flocking into Vietnam’s increasingly lucrative solar power equipment market.
With its demographics and state of technological development, Vietnam is all set to churn out highly successful start-ups, foreign investors say.
Hong Kong (China) topped the list of 66 countries and territories investing in Vietnam in January-February with a total investment of 4.3 billion USD, making up 51 percent of the new FDI inflow into the country.
Vietnamese startups in transport, homestay, fintech and other sectors have received millions of dollars from foreign investors in January.
More corporations are buying shares in enterprises in the same business fields in an effort to become the dominant players in the market.
VOV.VN - The month of January saw Vietnam attract a total of US$760 million in newly-registered and additional capital with Japanese investors taking the lead, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The food and beverage (F&B) industry in Vietnam will likely see a growth rate of 10.9% for the 2017-2019 period, Business Monitor International (BMI) has forecast.
Vietnam and Hong Kong should promote investment, trade and service flows between the two sides to take advantage of a diversion of trade from China amid escalating tensions between the US and China, a banking official said.
Optimising all opportunities, even the smallest, to create development breakthroughs is one of the central tasks set for the Ministry of Planning and Investment in 2019, Minister Nguyen Chi Dung has said.
The number of trading accounts rose by 260,000 to reach nearly 2.2 million as of the end of 2018, according to the Vietnam Securities Depository (VSD).
VOV.VN - Housing, retail properties, and apartments for rent in the northern city of Haiphong are predicted to gain big interest from foreign real estate developers in 2019, according to a Savills expert.
Vietnamese homestay platform Luxstay has raised US$3 million from CyberAgent Ventures and other foreign investors in its bridge round.
The manufacturing and processing sector garnered the most interest from foreign investors in 2018, attracting US$16.58 billion, or 47% of the registered capital.
Food producer KIDO Group has raised its foreign ownership cap from 49% to 100%, according to a proposal approved recently by the State Securities Commission (SSC).
Sabeco, the biggest Vietnamese brewer, has fallen into Thai hands, while Carlsberg is stepping up the process to become a controlling stakeholder in Habeco.