The People’s Committee of the northern province of Hai Duong recently granted approval for the investment of a waste-to-electricity plant in Luong Dien commune, Cam Giang district.

Vemanti Group, Inc., a technology-driven holding company, has entered into a definitive agreement to take 20% equity interest in eLoan JSC (eLoan), a Ho Chi Minh City-based fintech company. The deal’s value has yet to be disclosed.

Vietnam’s attraction of next generation of foreign direct investment in high value-added sectors should be proactively, rather than retroactively, sourced to sustain the nation’s socioeconomic development and competitiveness.

The southern province of Binh Duong has called for more investment for the construction of a provincial wharf which will help to facilitate operations in local industrial and processing zones, said Chairman of the provincial People’s Committee Tran Thanh Liem.

Vina-Japan Shirogane Logistics Company Ltd on July 19 broke ground for a US$5.4 million logistics centre at the Phu My 3 Specialised Industrial Park in the southern province of Ba Ria–Vung Tau.

More than 30 businesses from Vietnam and Japan were brought together at an event in the northern port city of Hai Phong on July 19 to seek stronger investment links.

The southern province of Dong Nai attracted nearly US$980 million of foreign investment so far this year, equal to 97% of its target for the whole year, according to the provincial Department of Planning and Investment.

Several major domestic and foreign groups will be committing to projects in the Mekong Delta city of Can Tho after signing memoranda of understanding on investment next month.

Nestlé, the world’s largest food and beverage company, inaugurated a new NESCAFÉ Dolce Gusto capsule production line in the southern province of Dong Nai on July 19.

Leaders of Ho Chi Minh City and relevant agencies have agreed to meet representatives of the Japan International Cooperation Agency’s (JICA) Vietnam Office every quarter to promote projects funded through Japanese official development assistance (ODA).

Businesses in Vietnam are facing difficulty in finding suitable commercial or office space as the rental rates have skyrocketed, especially in big cities.

The growing foreign direct investment (FDI) in Vietnamese property has shown investors’ greater expectations of the market, insiders said.

Investors have expressed readiness to invest in 22 projects worth roughly VND82 trillion (US$3.64 billion) on a combined area of 2,756.3ha in the Mekong Delta city of Can Tho.

Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.

The US-China trade friction is expected to help boost foreign direct investment in Vietnam, fast-tracking an already strong trend of foreign firms veering away from China, where rising costs are worrying investors.

The central province of Thua Thien-Hue has issued a decision to end the operation of 12 stagnant projects, with nine revoked and three put on special supervision.

Vietnam National Shipping Lines (Vinalines) is due to sell more than 280 million shares in its initial public offering (IPO) at the Hanoi Stock Exchange (HNX) in early August.

This year marks 30 years since foreign direct investment (FDI) first entered Vietnam. Since then, FDI has contributed to the country’s socio – economic development by boosting exports, enriching the State budget and shifting the economic structure.

Vietnam’s Lilama Corporation has signed a contract to manufacture and install mechanical equipment for a fertiliser plant in Brunei.

The Ministry of Industry and Trade has proposed the transfer of the investment rights of some energy projects to Chinese investors.