US Vemani Group buys 20% stake in Vietnamese fintech firm

US Vemani Group buys 20% stake in Vietnamese fintech firm

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.

FDI strategy to become proactive

FDI strategy to become proactive

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.

Binh Duong calls for investment in port, wharf construction

Binh Duong calls for investment in port, wharf construction

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.

Vietnam-Japan joint venure builds logistics centre

Vietnam-Japan joint venure builds logistics centre

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.

Major groups to invest in Can Tho city

Major groups to invest in Can Tho city

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.

HCM City, JICA to meet quarterly to speed up projects

HCM City, JICA to meet quarterly to speed up projects

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).

Foreign banks expand operations in Vietnam

Foreign banks expand operations in Vietnam

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.

US-China trade war set to up FDI flow into Vietnam

US-China trade war set to up FDI flow into Vietnam

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.

Thua Thien-Hue revokes 12 stagnant projects

Thua Thien-Hue revokes 12 stagnant projects

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.

Changes needed to attract next-generation FDI

Changes needed to attract next-generation FDI

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.