Deputy Prime Minister Truong Hoa Binh has told Ho Chi Minh City’s authorities to consult foreign experts on its plan to build an innovative ‘city within a city’ in the eastern part of the sprawling metropolis.
The Ministry of Transport and the People’s Committees of the Mekong Delta provinces of Vinh Long and Tien Giang held a ceremony on August 19 to commence the construction of the My Thuan 2 bridge with a total investment of over VND5 trillion (US$215.6 million).
Dairy giant Vinamilk plans to increase its investment in its Laotian subsidiary by US$41 million to US$66.4 million.
Deputy Prime Minister Trinh Dinh Dung has signed decisions approving the investment intention for three golf courses, two in northern Bac Giang province and one in northern Hoa Binh province.
Hanoi hopes to attract a total investment of US$38.3 million in the first half of 2020, equivalent to 64% of the figure in the same period last year.
Sendo, Vietnam’s second-most visited online market place, has secured $61 million in the latest Series C funding round.
2019 marks the 42nd anniversary of the establishment of Spanish and Vietnamese diplomatic relations, and the 10th anniversary of building strategic partnership in the future.
Korean instant noodle firms Nongshim and Ottogi are increasing their Vietnam investments with an eye on Southeast Asia as a whole.
E-commerce platform Tiki’s losses have wiped out a total of VND506 billion ($22 million) gaming firm VNG had invested in it.
Tourism in Vietnam and other countries in the lower part of the Mekong River such as Myanmar, Cambodia, Laos and Thailand has been booming in recent years, which is expected to help Vietnam draw investment from diverse sources both at home and abroad.
Officials of the south central coastal province of Ninh Thuan held a working session on August 29 with a delegation from Technoprom Export, an affiliate of Russia’s Rostec group, on the firm’s intention to invest in thermal power development in the province.
Ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market.
Trade and investment ties between Vietnam and India are not commensurate with their potential, meaning there is still a lot of room for them to grow, the India-Vietnam Business Forum heard in Ho Chi Minh City on August 21.
Deputy Prime Minister Vuong Dinh Hue has praised Japanese retail giant AEON’s investment decisions in Hanoi, Ho Chi Minh City, and Binh Duong in the past time.
The Government has issued a resolution to encourage businesses to invest in agriculture, as part of efforts to bring the Vietnamese agricultural sector into world’s top 15 and processing of farm produce into the global top 10 in 2030.
The flow of foreign direct investment (FDI) is seeking a safe haven as the Sino-American trade war has yet to show a sign of ending.
Southeast Asia-focused private equity company Navis Capital Partners is looking to withdraw its investment from the Hanoi French Hospital.
In the first half of 2019, Hoa Phat Group poured nearly 9.17 trillion VND (393.35 million USD) into Dung Quat iron and steel production complex, raising total investment in the project to approximately 42.92 trillion VND.
Ho Chi Minh City’s authorities have called on local and foreign investors to invest in the city’s infrastructure.
Over 11.4 trillion VND (491.3 million USD) was poured into 11 projects of agricultural product processing in the first half of 2019, according the Ministry of Agriculture and Rural Development.