Investing

Malaysian International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali (Photo: Reuters) Kuala Lumpur (VNA) - The Ministry of International Trade and Industry (MITI) of Malaysia expects the country to achieve higher total approved investments in 2021 compared to last year. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said there were some positive signs showing that the economy was in a recovery stage and that the government's stimulus packages prove effective. By the second quarter of this year, the country has recorded almost 100 billion RM (24 billion USD) of approved investment in manufacturing, services and primary sectors, he said. This is a quite optimistic signal, he noted, adding that Malaysia will be able to achieve a very impressive investment level, including foreign direct investment (FDI). Last year, Malaysia managed to record 164 billion RM in total approved investments amid the global COVID-19 … [Read more...] about Malaysia hopes for higher investment in 2021

A screenshot of the Invest Vietnam conclave organised by the Indian Investors Federation, the Vietnamese Embassy in India and Leaps and Bounds Consulting Vietnam. — Photo courtesy of the organiser Vietnam is one of the fastest growing economies in the world and “is the country to watch out for” and “every provincial government has an open door policy and always encourages investments,” he told the first ever Invest Vietnam conclave organised by the Indian Investors Federation, the Vietnamese embassy in India and Leaps and Bounds Consulting Vietnam. The webinar, which aimed to present Vietnam as an investment destination in various sectors, attracted the participation of 110 investors from India and other parts of the globe, officials from both governments and Indian business executives in Vietnam. Vietnamese Ambassador to India Pham Sanh Chau said Vietnam is one of the most open economies in the world and “the Government’s vision is to make it a digital economy.” He spoke … [Read more...] about Indian firms to seek investment opportunities in Vietnam after COVID-19

Vietnamese Trade Counsellor Hoang Duc Nhuan delivers a remark at the 7th African Investment and Trade Forum (AFIC7) in Algeria. (Photo: VNA) Algiers (VNA) - Vietnamese products, including various farm produce, were on display at the 7th African Investment and Trade Forum ( AFIC7 ) held in the Algerian capital city of Algiers on May 24 – 25. The event, via both video teleconference (VTC) and in-person form, was organized under the patronage of Algerian President Abdelmadjid Tebboune. The Vietnamese delegation to the forum was led by Ambassador Nguyen Thanh Vinh. The forum featured an exhibition , seminars and business-to-business meetings in the fields of food industry, agriculture, technology, tourism, services, renewable energy, and others. The Embassy and Trade Office of Vietnam in Algeria set up a booth, among a total of 70, at the event which showcased a number of Vietnamese flagship agricultural products, such as coffee, tea, rice, pepper, milk, “banh … [Read more...] about Vietnam seeks trade, investment opportunities in Africa via AFIC7

A screen shot of the Invest Vietnam conclave organised by the Indian Investors Federation, the Vietnamese embassy in India and Leaps and Bounds Consulting Vietnam. — Photo courtesy of the organiser Many Indian companies want to come to Viet Nam and explore investment opportunities after the COVID-19 situation comes under control, Dr Madan Mohan Sethi, the Indian consul general in HCM City said. Viet Nam is one of the fastest growin g economies in the world and “is the country to watch out for” and “every provincial government has an open door policy and always encourages investments,” he told the first ever Invest Vietnam conclave organised by the Indian Investors Federation, the Vietnamese embassy in India and Leaps and Bounds Consulting Vietnam. The webinar, which aimed to present Viet Nam as an investment destination in various sectors, attracted the participation of 110 investors from India and other parts of the globe, officials from both governments and Indian business … [Read more...] about Indian firms to seek investment opportunities in VN after COVID: diplomat

State-run electric giant Vietnam Electricity (EVN) and a consortium of contractors held a ceremony in Hanoi on Thursday to sign a cooperative agreement worth US$1.3 billion for the implementation of a package of the Quang Trach 1 thermal power plant project in north-central Quang Binh Province. Package No. 15, with a total value of VND30,236 billion ($1.3 billion), involves engineering, procurement, and construction of two 600W generators, as well as supporting facilities at the thermal power plant. It will be implemented by a consortium of contractors entitled MC-HDEC-CC1, consisting of Japan’s Mitsubishi Corporation, South Korea’s Hyundai Engineering and Construction, and Vietnam’s Construction Corporation No. 1 JSC. The first unit is expected to be completed within 42 months, while the second is anticipated to wrap up within 48 months. The project consists of two generators with the combined capacity of 1,200MW, according to EVN. It is designed to provide 8.4 billion kWh … [Read more...] about $1.3bn investment poured into new thermoelectric plant in Vietnam