Telecoms attract foreign investor interest (22-11-2006) Exhibition attendants examine a new mobile phone model. The Vietnamese telecommunications market will become attractive to foreign investors following the country’s World Trade Organisation entry. — VNS Photo Doan Tung HA NOI — Foreign investors are increasingly eyeing the telecommunications sector, a market enjoying phenomenal growth and attracting hoards of young consumers who are benefiting from higher incomes. Industry groups estimate 27 out of every 100 Vietnamese subscribe to a phone service, either fixed line or mobile, which leaves a huge area for expansion. They estimate market saturation will occur when 80 per cent of consumers have a phone subscription, a target many foreign investors think is achievable. The market became even more attractive when Viet Nam entered the World Trade Organisation (WTO) earlier this month. WTO accession gives foreign firms greater opportunity to invest locally as … [Read more...] about Telecoms attract foreign investor interest
Attracting foreign investors
VietNamNet Bridge – The Ministry of Transport (MOT) has said that transport projects could be sold to foreign investors, but analysts believe the ministry is being “too optimistic”. Analysts noted that selling highway projects is similar to selling the rights to collect tolls from vehicles’ owners, which MOT began applying in 2005. Since 2009, fees have been collected at three toll stations – Hoang Mai (Nghe An province, 1A Highway), Ban Thach (Phu Yen Province, 1A Highway) and Bai Chay Bridge. The toll collection was sold to a private business. In early 2014, another deal was made, under which the Cuu Long Transport Infrastructure Project Development and Management Corporation, a business under MOT, sold the right to collect fees to Yen Khanh Trade & Service Company on the Saigon – Trung Luong Highway for five years. The deal was worth VND5 trillion. However, an MOT official noted that it was difficult to look for local buyers because of their … [Read more...] about Will transport projects in Vietnam attract foreign investors?
The ever-increasing demand for high quality education in Vietnam has attracted many foreign investors to the sector. When he visited Da Nang in 2003 with his family, after looking around the city and taking in the sights of nearby Hoi An and Hue, Mr. Ricky Tan, Chairman of the KinderWorld Education Group, and his wife were surprised by the lack of investment in Da Nang given its proximity to the two beautiful cities. With its own stunning coastline, they agreed there would be tremendous potential in the city over the next five to ten years. In 2006, at the invitation of city authorities, KinderWorld’s first campus at Le Loi Street in the heart of the city was opened, to cater to the growing international community and Vietnamese middle-class. After further researching the potential of and demand in the city, KinderWorld decided to set up the Pegasus International College. On May 22 it celebrated the opening of Phase 1 of the Pegasus Education Complex, which consists of … [Read more...] about VN education attracts foreign investors
Vietnam needs to accelerate reforms to attract foreign investors The Vietnam Business Forum (VBF) 2009 took place in Hanoi on Tuesday ahead of today's year-end Consultative Group (CG) Meeting for Vietnam. The Saigon Times Daily spoke with Simon Andrews, Regional Manager of International Finance Corporation (IFC) for Vietnam, Cambodia, Laos and Thailand, co-organizer of the VBF, about the highlights of the forum. Excerpts: The Saigon Times Daily: What is your perception of the current macroeconomic challenges that Vietnam is coping with? - Simon Andrews: This is a very important time for Vietnam and great opportunities lie ahead for the country. Vietnam's Government has been widely acknowledged by the business and investment communities for its decisive and effective economic stimulus measures which are yielding positive and stabilizing results. The global economy is showing signs of recovery and no doubt there will be some bumps ahead as we climb out of the recession, but East Asia is … [Read more...] about Vietnam needs to accelerate reforms to attract foreign investors
Happyland project attracts foreign investors By Quoc Hung - The Saigon Times Daily HCMC – Khang Thong Group, the developer of the project Happyland Vietnam Entertainment Complex in Ben Luc District, Long An Province, last Friday signed agreements with partners from Britain, the U.S. and Germany to develop many facilities in the theme park. Accordingly, the UK-based Hyder Consulting Co., Ltd will design the project’s landscapes, while the U.S.-Vietnam joint venture Biscayne KT Vietnam Co., Ltd will consult and design water-based entertainment items. At the signing ceremony, Phu An Construction Investment and Infrastructure Development Joint-Stock Co., (Indeco), a subsidiary of Khang Thong Group, also signed a deal with Peter Eliades, the founder of Las Vegas-based Yellow Checker Taxi Service, to develop 10,000 apartments in Happyland’s premises. According to Khang Thong Group, apart from the condos scheme, the U.S. billionaire, who owns a number of companies such as … [Read more...] about Happyland project attracts foreign investors