Viet Nam hailed as largest foreign investor in Laos (10-03-2009) HCM CITY — Viet Nam has topped the list of foreign investors in Laos in the first months of the 2009 fiscal year with a total capital of US$ 87.7 million, followed by Thailand with $48.8 million and China with $9.2 million. Latest statistics from Laos’s Ministry of Planning and Investment show that the country has attracted 1,173 projects worth $7.1 billion from 36 countries and territories since 2001. Of them, Thailand ranked first with 207 projects worth $1.58 billion, followed by China with 285 projects worth $1.32 billion and Viet Nam with 169 projects worth $811 million. Investment projects in energy account for the largest share with 42 projects worth $3,335 billion, followed by agriculture with 191 projects worth $960.1 million and mineral exploitation with 162 projects worth $763.3 million. The statistics also show that Viet Nam was the largest foreign investor and with the highest number of projects … [Read more...] about Viet Nam hailed as largest foreign investor in Laos
Foreign investors in us
Singapore has retained its position as a leading foreign investor in Vietnam, according to the latest figures released by the Foreign Investment Agency (FIA). The Vietnam-Singapore Industrial Park in Binh Duong Province. The Southeast Asian nation currently ranks third in the top overseas sources of investment with foreign direct investment (FDI) of US$33 billion in 1,379 projects. It has invested in 18 out of the nation’s 21 sectors, mainly manufacturing and processing (426 projects at US$13.37 billion), and real estate (74 projects at US$10 billion). In the January-February period alone, Singaporean businesses have registered 12 new and 8 supplementary projects with pledged FDI totalling US$71 million. Projects are located in 44 of the nation’s 63 provinces and cities. HCM City has attracted the largest number of projects (686 projects at US$9 billion), followed by Hanoi (226 projects at US$4.17 billion). VOV … [Read more...] about Singapore among biggest foreign investors in Vietnam
VietNamNet Bridge - While the government of Vietnam has opened the door widely to foreign investors in many business fields, it remains very cautious with the banking sector. Under current laws, one foreign investor can hold no more than 20 percent of stake of one Vietnamese bank, while the total foreign ownership in one bank must not be higher than 30 percent. The proportions are believed to be unattractive to foreign investors, because with the low ownership ratios, foreign investors’ rights to make decisions relating to banks’ business remain limited. VietinBank’s CEO Le Duc Tho has confirmed the bank is seeking the State Bank of Vietnam’s permission to raise the foreign ownership ratio to 30-35 percent or even 40 percent. ABBank has sold 30 percent of its stake to foreign investors – MayBank which holds 20 percent shares and IFC which holds 10 percent. The bank plans to ask for the government’s nod to sell up to 49 percent of shares to … [Read more...] about How much room is available for foreign investors in Vietnamese banks?
Conditions set for foreign investors in equitized banks By Thuy Trieu - The Saigon Times Daily HCMC – A strategic foreign investor of an equitized State-owned bank must be a credit or financial institution with total assets of at least US$20 billion, according to a new circular issued by the central bank. Other conditions include having at least five years experience in international operations, rated by international rating agencies that have the ability for financial commitments and normal operations even in poor economic conditions. Those institutions cannot be a strategic investor, large investor, or founder at any other credit institution in Vietnam at the time of registering to become a strategic investor of an equitized bank. For a strategic local investor, conditions include good corporate governance, total assets of at least VND3 trillion, a return on equity (ROE) ratio of over … [Read more...] about Conditions set for foreign investors in equitized banks
VietNamNet Bridge – Singapore has become the biggest foreign investor in HCMC with 719 operational projects worth nearly US$8.22 billion, according to a report on foreign direct investment (FDI) in the city. The updated report of the city’s government on FDI approvals last year showed that Singapore is followed by Malaysia, Britain, South Korea and Japan. There are 5,310 valid FDI projects in the city with total registered capital of US$36.28 billion. Singapore has taken the lead with around US$8.22 billion, 22.66% of the total. Malaysia has 179 projects with some US$5.83 billion, Britain with 185 projects worth around US$3.7 billion, South Korea with 1,038 projects worth US$3.6 billion, and Japan with 740 projects worth US$3.26 billion. The real estate sector has attracted the biggest amount of FDI, accounting for 35.36%, followed by manufacturing and processing with 32.74%, education with 10.27%, and wholesale, motorbike and automobile repair with 7.15% each. The report … [Read more...] about Singapore biggest foreign investor in HCMC