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…
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…
Vietnam Increases Ranking in The List of Global Competition
The Global Competitiveness Report 2017 - 2018 was announced on September 26 th 2017, confirming that countries are improving in terms of health, education and technology. The latest global competition list of the World Economic Forum shows a messy picture of Asia, while Vietnam and Indonesia jumped in rank, Japan and India slumped. Vietnam jumped to 55 th place, up 5 steps compared with last year and 20 steps compared with 5 years ago. Accordingly, Vietnam has made remarkable progress in terms of technology and labor market efficiency. Tra…
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…
Gia Lai Calling for Investment in High-Tech Agriculture and Tourism
In recent years, Vietnam has continuously called for foreign investors to come and set up business in Vietnam and most recently, Department of Planning and Investment of Gia Lai province is planning to coordinate with the Department of Planning and Investment of Ho Chi Minh City (HCMC) to organize Gia Lai Investment Promotion Conference 2017. The conference is scheduled to be held at the end of this year in Pleiku city, Gia Lai province. The areas highlighted at the conference will be: high technology agriculture, agricultural products pr…
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 …
Korea Leads FDI in Vietnam
The flow of FDI capital into Vietnam has continued to grow strongly over the years, demonstrating the confidence of foreign investors when deciding to set up business in Vietnam . According to data from the Foreign Investment Agency (Ministry of Planning and Investment), the total amount of FDI capital such as new registered, capital increase, capital contribution and share purchase in the first 7 months of 2017 is 21.93 billion USD, increases by 52% over the same period in 2016. Of these, the new registered capital was 12.92 billion USD, …
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 …
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 Director of UOB has also been approved. After much waiting, UOB finally has a "passport" …
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…
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 …
Taste of US investors in Investment in Vietnam
Renewable energy, high technology industries, supporting industries... are areas that are interested by US investors when they come to set up company in Vietnam . One of the "hot" issues that US businesses and investors interested in is the issue of cooperation and investment in the field of renewable energy. According to Mr Freb Burke from Baker & McKenzie, renewable energy is currently the most attractive investment area. Vietnam will avoid the construction of thermal power plants when moving to invest in wind and solar pow…
Japan Investors Expand Investment in Dong Nai
Japan is one of the two leading countries in pouring capital to invest in Dong Nai province since the beginning of this year and the main investment sector is supporting industry. According to the Dong Nai Department of Planning and Investment, in the first three months of 2017, the province has granted investment registration certificates to 31 projects with foreign direct investment (FDI), with total investment capital of more than 314 million USD, including 15 newly licensed projects with total capital of nearly 137 million USD and 16 pr…
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…
FDI Capital Flows into Vietnam Increased Rapidly
In the first 3 months of 2017, total foreign investment in Vietnam reached 7.71 billion USD, more than double the amount of 3.4 billion USD in the first two months and increases by 91.5% over the same period last year. As announced by the Foreign Investment Agency (Ministry of Planning and Investment), as of March 20 th 2017, the whole country has 493 new projects that have just been granted investment certificates with total registered capital of 2.9 billion USD, increases by 6.5% over the same period in 2016. In addition, there are 223 p…
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