Sanofi Vietnam has announced that it has received a licence to directly import drugs, becoming the first multinational corporation with such rights in the country.
Japanese textile maker Suminoe Textile Co. will set up an electric carpet plant in Vietnam, its second overseas base, for exports to Japan.
Together with traditional interests in real estate, manufacturing, infrastructure, and healthcare, Singaporean investors are now venturing into other emerging sectors such as startups, smart cities, Industry 4.0, and consumer and lifestyle in order to tap into the massive local growth prospects ahead.
China approved investment projects and merger & acquisition deals worth 2.45 billion USD in the first seven months of this year, ranking third among foreign investors in Vietnam, said a Chinese official.
Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Việt Nam, in part due to the country’s growing demand for electricity.
Hyundai Glovis, a logistics subsidiary of Hyundai Kia Automotive Group from the Republic of Korea, is expanding its overseas presence by opening its first Southeast Asian office in Vietnam.
VOV.VN - Foreign direct investment inflows from China into Vietnam have enjoyed a steady rise in recent years, but still lagging behind key foreign investors such as Japan and the Republic of Korea, according to an entity from the Ministry of Planning and Investment.
VOV.VN - Experts have deemed the thriving corporate bond market as an efficient gateway to reducing the excessive reliance of firms, and the economy at large, on bank credit.
The Civil Aviation Authority of Vietnam (CAAV) has granted an Aircraft Operator Certificate (AOC) to Vietstar Airlines, allowing the carrier to begin commercial flights in the country.
VOV.VN - The freshly signed EU-Vietnam Free Trade Agreement is to allow foreign investors to enjoy huge benefits in terms of market entry and policy incentives when investing in the Southeast Asian country, experts have said.
The human resources (HR) industry in Vietnam is developing strongly, fuelled by multinational companies’ growing demand for expanding and setting up their production chains in the country, according to Adecco Vietnam.
Auchan has left the Vietnamese market. MM Mega Market and Big C have seen revenue decrease. But Aeon Mall and Lotte Mart continue to expand.
Over the past 25 years, American investors have increased their involvement in Vietnam’s financial sector, a trend expected to continue as the country deepens its capital market and young startups look for funding and guidance.
VOV.VN - Norwegian energy firm Scatec Solar has affirmed its strong commitment to becoming a top player in Vietnam’s solar power market over the next years by releasing an ambitious scheme aimed at developing the world’s largest floating solar plant and other hundred-megawatt power projects throughout the central and southern regions.
After Vietnam signed a bilateral free trade agreement with the European Union (EU), many Japanese enterprises expressed their optimism about business opportunities that the deal could bring to the Southeast Asian market.
Many leading groups and corporations of the Republic of Korea, which operate in banking, finance, electricity, retail sales, and technology, have expressed their interest in cooperation with Vietnamese partners, including FPT Corporation, in the fields of new technologies digital transformation.
The Bangkok-based renewable energy solutions firm Thai Solar Energy Pcl. is aiming to expand its international footprint by forming joint ventures in Vietnam and Taiwan.
HanesBrands Vietnam, one of the biggest subsidiaries of the world’s largest marketer of basic apparel whose headquarters are based in the US, is planning to increase the number of its factories and expand the scale of production in Vietnam, the group’s Vice President Jerry Cook has said.
Korean investors are keen to invest in renewable energy due to its potential and the incentives that Vietnam has offered to foreign investors, an HSBC official has said.
For a long time, Vietnam has been considered as a potential retail market thanks to crowded population and strong purchasing power but not every retailer is able to succeed in doing business here.