Binh Dinh: German Investors Want to Build A Wind Farm, Korean Businesses Interested in Assembling Cars
In the last days of August and early September 2020, many potential investors from Korea and Germany have come to study opportunities to set up company and invest in Vietnam and specifically Binh Dinh province to explore investment opportunities, with billion USD projects. At the meeting of the departments of Binh Dinh province with leaders of Hyundai Aluminum Vina Company and Cammsys Company of Korea coming to explore investment opportunities in this province, according to representatives of Cammsys Company, the company wants to find a…
Set up business in Vietnam or invest in contractual forms?
Foreign investors could make direct investment in Vietnam through different ways. They could set up business in Vietnam or invest in the contractual forms of: BCC, BO, BTO, and BT. Types of enterprise for foreign investors to invest and set up business in Vietnam are as following: Set up Limited Liability Company in Vietnam Limited Liability Company is a form of enterprise which is established by contributing of members. A member shall be liable for the debts and other property obligations of the enterprise within the amount of capital tha…
Set-up Joint Stock Company in Vietnam
Joint Stock Company is an enterprise which has charter capital divided into equal portions called shares. The minimum number of shareholders shall be three and there shall be no restriction on the maximum number. Shareholders shall be liable for the debts and other property obligations of the enterprise only within the amount of capital contributed to the enterprise. Joint Stock Companies may issue all types of securities to raise funds. Founding shareholders must together register to subscribe at least twenty per cent (20%) of the number …
Tetra Pak Construct 110 Million USD Packaging Factory in Binh Duong
Tetra Pak (Sweden) has started construction of a 110 million USD packaging factory on an area of 10,000 m2 and a total capacity of 20 billion packages per year at Vietnam - Singapore Industrial Park II - A (Binh Duong). This information has been announced since the end of 2016. The factory is expected to come into operation by the beginning of 2019. According to the Deputy Minister of Planning and Investment, this is the factory with largest scale among 54 projects that Sweden investors have invested in Vietnam. Moreover, he affirmed that th…
Indian Businesses Consider Vietnam as a New Investment Destination
On the occasion of the 45 th anniversary of Vietnam - India diplomatic relations and 10 years of strategic cooperation between the two countries, Mr P. Harish, Ambassador of India to Vietnam said that the two countries' cooperation is very nice, many Indian businesses are considering Vietnam as a new investment destination in the region and choose to set up business in Vietnam . India and Vietnam relationship have been developing very strongly since the two countries established diplomatic relations in 1972. The two countries advanced…
FDI into Vietnam Reached 25.5 Billion USD in 9 months of 2017
FDI into Vietnam is always an impressive figure with steady growth every year, proving that many foreign investors have chosen to set up business in Vietnam . According to the latest figures from the Foreign Investment Agency, from the beginning of 2017 to the end of September 2017, foreign direct investment (FDI) has hit a record of 25.48 billion USD, increased by 34, 3% over the same period in 2016. Of which, there were 1,844 new projects with total investment of 14.56 billion USD, increases by 30.4%; 6.75 billion USD of 878 projects reg…
Macau Casino Group Poured Billions of Dollars into Vietnam
Sun City is currently the largest casino resort group in Macau, spending billions of dollars investing heavily in casino resorts in Asia and set up casino business in Vietnam . The group was founded in 2007, owns about 17 VIP clubs and 280 gaming tables, serving Macau's largest betting and casino market as well as VIP clubs in Korea, China and Philippines. Currently, Sun City operates large casinos with monthly betting up to 130 billion HKD (approximately 17 billion USD). However, in order to expand its business in Asia, Sun City is sp…
Foreign investor 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 16 th , 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 2017, there was positive changes. The total FDI capital reached 1.726 billion USD, equal to 123% of t…
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 ceremony of instant coffee factory in Vietnam marked the beginning of a coffee factory project …
Toyoda Gosei Invests in Auto Parts Factory in Tien Hai Industrial Park
Toyoda Gosei Group, the world's leading manufacturer of auto parts, supplying for Toyota (Japan) has decided to choose Tien Hai Industrial Park, Viglacera as the location to set up factory in Vietnam . Viglacera Real Estate Trading Company and Toyoda Gosei Group of Japan have just signed a land lease contract with an area of 11.3 hectares in Tien Hai Industrial Park, Thai Binh province, which is invested by Viglacera Corporation. Toyoda Gosei is the world's leading auto parts manufacturer, supplying for Toyota, with a network of ab…
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 and investment opportunities in Ha Noi, Ho Chi Minh City, Da Nang and many other places in …
Bosch Invested More Capital in Dong Nai Province
Bosch is now the largest German investor in Dong Nai with an investment of hundreds of millions of dollars, creating more motivation for other foreign investors when deciding to set up business in Vietnam . After two consecutive years of investment expansion, Bosch Corporation (Germany) plans to pour an additional of 47 million USD into Dong Nai province to diversify its products for the ongoing urbanization and industrialization process in Vietnam, which is happening strongly. This corporation is known to pour capital into a plant in Dong …
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 Power (Korea) and Acwa Power (Saudi Arabia). Taekwang Power is expanding its portfolio in area…
Will Form New Value Chain in Vietnam - Japan Economic Cooperation
Japan has truly become a strategic partner of Vietnam. Currently, trade activities between the two countries are being promoted and more and more Japanese businesses choose to set up company in Vietnam . According to Mr. Hironobu Kitagawa, Chief Representative of the Japan External Trade Organization (JETRO) in Vietnam, it is not just a single sector investment, the integration of industry groups to create new value chains is essential for Vietnam -Japan economic cooperation. During the recent visit to Japan by Vietnam Prime Minister Nguye…
Korean Corporation Builds Aircraft Engine Spare Part Factory in Vietnam
Hanwha Techwin is seeking opportunity to expand capacity through opening factory abroad and they chose to set up factory in Vietnam . Hanwha Techwin Corporation from Korea has selected a 10 hectares site on the suburb of Hanoi to build a factory manufacturing aircraft engine spare parts. The Corporation is now waiting for the Vietnamese Government to approve the project. If licensed, Hanwha Techwin will start construction of the factory in August 2017 and begin operation in the second quarter of 2018. This factory covers an area of 6ha, 8 …
Foreign Investment in Hanoi Increased Strongly
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 Foreign Investment Agency (Ministry of Planning and Investment), up to the end of May 2017, Hanoi still ranked at the 4 th place among provinces …
Japanese Investors Want to Implement Kobe Cow Raising Project
Livestock breeding is one of the important economic sectors in Vietnam. However, it appears that due to the competition pressure, disease, and lack of the control of the authority, the quality of the products have been negatively impacted. It is important for Vietnam to encourage project to set-up business in Vietnam in animal breeding to create a better competition environment, with high quality standard of products to be produced under a better control of the local state authorities. Mr. Hironori Sakai, Secretary General of the Vietna…
50.6% of FDI Enterprises Will Expand Operation in Next Two Years
According to the PCI-FDI 2016 survey, confidence in the business prospects of FDI enterprises operating in Vietnam is maintained. Specifically, investors are more optimistic than the period 2012 - 2013, but not as high as in 2010. This is the responses from 1,550 FDI enterprises, coming from 46 different countries and territories operating in 14 provinces and cities of Vietnam, where concentrating the largest number of FDI enterprises, according to the General Statistics Office of Vietnam. The reason persuading FDI enterprises to expand thei…
Surpassing Korea, China’s Capital Flowing Strongly into Vietnam
Only in the first two months of 2017, China investment capital is pouring strongly into Vietnam market through indirect investment for acquiring shares or direct investment for set up business in Vietnam . The Foreign Investment Department (Ministry of Planning and Investment) has announced the situation of attracting foreign investment. Accordingly, in the first 2 months of 2017, there were 313 new projects were granted investment certificates with a total registered capital of 2,028 billion USD, increased by 6.5% over the same period; 13…
Many Foreign Brands Are Coming to Vietnam
Realizing that Vietnam is a promising market, foreign enterprises want to do business in Vietnam through the form of franchising. Recently, many consumer goods, fashion and cosmetics brands from Japan and Thailand are promoting the franchise with Vietnamese partners and enterprises. In the framework of the program "Vietnam - Thailand Enterprises Interaction in The Field of Franchising" which was held in Ho Chi Minh City (HCMC) recently, there were 40 Thailand enterprises operating in the food, beverage, restaurant, supermarket, …
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