Foreign Investment in Hanoi Increased Strongly

Foreign investment is flowing into Hanoi Foreign direct investment (FDI) into Hanoi is increasing in both quantity and quality. Foreign investors have gradually believed in the decision to set up business in Vietnam. Unlike many other localities in the country with large FDI projects such as billion-dollar manufacturing complex, Hanoi is much quieter in attracting FDI. But the reality is different. According to the statistics from the...

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Wind Power: The Inevitable Trend of Sustainable Development

With the increasing demand for electricity, Vietnam is also gradually considering investing in renewable energy, including wind power as the key to addressing energy security, contributing to the realization of the country’s green development strategy. Energy is one of essential human needs and an indispensable input of economic activity. As the living standards of the people are improving, the level of production of the economy is more modern,...

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Vietnam – Russian Federation: Cooperation in The Spirit of Friendship

There are many opening opportunities, so that the Russian Federation enterprises can come to explore and set up business in Vietnam and vice versa. Previously, there is almost a constant law, that is only Vietnam come to promote investment abroad, now the story seems to be different. Japan has organized an investment promotion conference in Vietnam. And just recently, on March 2017, during a visit to Vietnam of Mr Yuri Trutnhev – Deputy...

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ACWA Power and FECON Develop Renewable Energy Projects in Vietnam

On July 3rd, ACWA Power Energy Corporation from Saudi Arabia and FECON JSC have signed Memorandum of Understanding on cooperation to develop renewable energy projects in Vietnam. According to the national electricity development plan and the renewable energy development strategy of Vietnam, the Vietnam Government prioritizes the mobilization of all resources to develop renewable energy, increasing the rate of electricity produced from renewable...

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Situation on M&A Transactions in Vietnam

In 2017, if nothing breaks through, M&A value will not easily surpass the value in 2015 and 2016. This will require a boost from businesses and the Government to take advantage of opportunity from foreign capital flows. In 2016, the value of worldwide M&A transaction reached 3.5 trillion USD, decreased by 27% compared with the previous year but still at a high level. This could be a sign of ending a period of global M&A...

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New Billion Dollars Thermal Power Project in Vietnam

Recently, Vietnam is really blooming with a lot of renewable energy projects as many foreign investors choose to set up business in Vietnam in this field. The Nam Dinh 1 thermal power project, with a total investment capital of 2.2 billion USD, is the largest thermal power project in Nam Dinh so far. The project owner is Nam Dinh 1 Power Co., Ltd but headquartered in Singapore and is a joint venture of two foreign corporations which are Taekwang...

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Vietnam Is One of Fastest Tourism Growing Countries in The World

Dubbed as a smoke-free industry, Vietnam tourism industry is a potential sector and presently, Vietnam has become the top choice destination for foreign visitors. The United Nations World Tourism Organization (UNWTO) has just announced the list of the top fastest tourism growing countries in the world. Notably, Vietnam ranks 7th in the list, with an increase of 24.6% in foreign visitors in 2016, just behind other 2 countries in...

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State of Baden-Wuerttemberg (Germany) Opens Representative Office in Vietnam

The representative office of the State of Baden-Wuerttemberg (Federal Republic of Germany) in Vietnam has officially come into operation from July 2017 with the purpose of promoting trade and investment, paving the way for German businesses to set up business in Vietnam and vice versa. This representative office is located at the Delegate of German Industry and Commerce in Vietnam. The office will provide information about the market,...

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CPG Corp (Singapore) Invests in Hospital in Binh Dinh province

Recently, CPG Corporation from Singapore has expressed their aspiration to set up business in Vietnam. In particular, CPG wishes to invest in the construction of a 150-bed high-class hospital; cooperation in training human resources to serve in the field of health, bringing Quy Nhon city to become a destination of health care tourism. On July 7th, the General Director of CPG Corp (Singapore) in Vietnam has visited Binh Dinh province to...

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Foreign Investors Implement Food Projects in Vietnam

Foreign investors who are licensed to invest in the food sector in Ho Chi Minh City are in the process of implementing the project, while other projects are interested by foreign partners. It shows the excitement of investors when deciding to set up business in Vietnam. In particular, project of Nam Duong International Food Co., Ltd with registered capital of 25.6 million USD has completed the construction of the factory, installation of...

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New Taste of Singaporean Investors

Recent projects of Singaporean investors have shown new features in the investment taste of Singapore enterprises when they decide to set up business in Vietnam. In July 2017, United Overseas Bank (UOB – Singapore) was approved by the State Bank of Vietnam (SBV) in principle to set up a 100% foreign owned bank in Vietnam. The list of personnel proposed to be appointed as members of the Board of Members, the Board of Supervisors, the General...

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Indonesian Producer Wants to Invest in Vietnam

Vietnam has become a destination for Indonesian investors to set up business in Vietnam thanks to the ever-improving investment environment and the establishment of the ASEAN Economic Community (AEC). At the Conference named “Vietnam – Indonesia: Strengthening trade cooperation in palm oil and paper industries” that was recently held in Hanoi, the Indonesian Ambassador in Vietnam said that many Indonesian businesses are exploring business...

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Korea Invested 2.7 Billion USD in Binh Duong

Korean investors have set up business in Vietnam a lot in the recent years and this country is also the third largest foreign investor in Binh Duong province with 619 projects. At the meeting between Binh Duong People’s Committee and Korean investors held on August 16th, according to reports of Department of Planning and Investment of Binh Duong province on the attraction of foreign direct investment (FDI) in the first six months of...

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TATA Build Instant Coffee Factory in Vietnam

Vietnam has always been an attractive market for foreign enterprises to come and set up business in Vietnam and most recently, TATA Coffee Ltd – a subsidiary of TATA Group has become the first company in India building instant coffee factory in Vietnam. TATA Coffee is a wholly-owned subsidiary of TATA Global Beverages (TATA Group) – Asia’s largest coffee company and one of the largest instant coffee exporters in India. The ground-breaking...

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Thailand: Long-term Investors in Vietnam Market

Thailand is one of the few investors involving in a lot of industries in Vietnam, they set up business in Vietnam for years and this trend has not shown signs of decline. Thailand was one of the first foreign investors came to Vietnam in 1992. To date, Thai investors have committed to invest in Vietnam 468 projects with a total registered capital of 8 billion USD, ranked 10thamong countries and territories investing in Vietnam. Thai...

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Foreigners Rushing to Buy Real Estate in Vietnam

Hundreds of millions of dollars are waiting to pour into Vietnam real estate market in most segments. The real estate market attracts a lot of foreign investors, mainly through M&A activities. According to the newly announced report from Savills Vietnam, in quarter 2 of 2017, housing development projects received strong attention. China Fortune Land Development Group has bought shares in VinaCapital’s Lotus Dai Phuoc project for 65.3 million...

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Startup in Ho Chi Minh City Will Be as Convenient as in Singapore

A series of specific commitments has been confirmed by HCMC’s Party Secretary Nguyen Thien Nhan to help startup environment in HCMC becoming as favorable as in Singapore. The city is committed to preparing an industrial park reserved for newly startup and innovative businesses. Secondly, the procedure for setting up new business in HCMC will be as good as in Singapore. Third, in addition to private investment, the city will also, on...

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Industrial Park Welcome the “Wave” of Investment from TPP

Trans-Pacific Partnership (TPP) between the 12 members, including Vietnam, has recently concluded negotiations after more than 5 years of hard working. Before that, many enterprises with foreign direct investment (FDI) have come to establish factories and business in Vietnam to prepare for the economic benefits that TPP brings. According to Long An Economic Zone Authority (LAEZA), up to September 30th, they have received 122 investment projects,...

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Pho Noi Textile Industrial Zone (Under Pho Noi B Industrial Zone)

Geographic location: Located near the intersection of Highway 5 and Highway 39, linking the major economic centers in the north, 28 km from Hanoi, 73km from Hai Phong, 90 km from Cai Lan Port, 40 km from Noi Bai International Airport, 15km from Lac Dao railway station (Ha Noi – Hai Phong), next to the Hung Yen custom clearance station and Thang Long urban zone. Planned area: 120.8 hectares. In particular, phase 1: 25.17 hectares, phase 2: 95.6...

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