Investment

Illustrative image (Source: VNA) HCM City (VNA) – Promoting investment in green growth was the focus of a forum on sustainable finance in Ho Chi Minh City on May 28. Participants at the event, who included experts from management agencies like the Ministry of Planning and Investment, the State Bank and the State Securities Commissions, commercials banks and international and domestic investment funds, discussed measures to push the implementation of green growth strategy targets. They also looked for ways to mobilise investment capital for climate change adaptation projects as Vietnam is facing increasing challenges from climate change. The International Financial Corporation (IFC) forecasted that from now until 2030, investment in climate-related projects in Vietnam could amount to 753 billion USD, including 59 billion USD in renewable energy and 80 billion USD in green works. Experts said that investment flow and funding from the private economic sector has a crucial role … [Read more...] about Forum seeks to promote investment in green growth

PM Nguyen Xuan Phuc (centre) visits pharmaceutical giant AstraZeneca during his trip to the northern European country. (Photo: VNA) Stockholm (VNA) – Prime Minister Nguyen Xuan Phuc on May 27 pledged further favourable conditions for Swedish enterprises, including pharmaceutical giant AstraZeneca, to land long-term investment in Vietnam for sustainable development. He made the statement while visiting AstraZeneca as part of the activities of his official visit to the northern European country, during which PM Phuc expressed his delight at the steady growth of the bilateral corporation and Sweden’s contributions to the development of Vietnam. AstraZeneca Chairman Leif Johansson said that it is his company’s honour to contribute to the Vietnam-Sweden relations, stressing AstraZeneca would never be successful in Vietnam without support from Vietnamese Government, competent ministries and sectors. On the occasion, Johansson announced a 5 trillion VND (220 million … [Read more...] about Vietnam welcomes Swedish investment: PM

Vietnamese Ambassador to Canada Nguyen Duc Hoa speaks at the seminar in Ottawa on September 11 (Photo: VNA) Ottawa (VNA) – New trade and investment opportunities in Vietnam were introduced to Canadian officials and businesses at a seminar in Ottawa on September 11. The seminar marked the opening of Vietnam Week in Canada from September 11 to 17 to celebrate Vietnam’s 73rd National Day and 45 years of bilateral diplomatic ties. It was attended by Donald Bobiash – Assistant Deputy Minister for Asia Pacific of Global Affairs of Canada, Kathleen Donohue – executive director at the Agriculture and Agri-Food Canada, Ladislau Papara – Regional Manager for Asia at the Export Development Canada and Jacques Frémont – President of the University of Ottawa. The Vietnamese side included Minister of Culture, Sports and Tourism Nguyen Ngoc Thien, Vietnamese Ambassador to Canada Nguyen Duc Hoa and Trade Counsellor Do Thu Huong. At … [Read more...] about New trade, investment chances in Vietnam introduced in Canada

A corner of the la Krel Hydropower Plant's construction site  (Source: baogialai.com.vn) - The Department of Planning and Investment of the Central Highlands province of Gia Lai has decided to withdraw the investment licence of la Krel Hydropower Plant in Duc Co district due to violations of the Investment Law.Gia Lai Industries and Hydropower Joint Stock Company to implement the project, with total investment of about 120 billion VND (more than 5.1 million USD). The 5.5MW hydropower plant was built in Duc Co District in late 2009 and began storing water in early 2013.     … [Read more...] about Gia Lai revokes hydropower investment licence

Scene at the conference (Photo: VNA) Tel Aviv (VNA) – Close to 30 leading Israeli companies joined a roundtable conference on business and investment opportunities in Vietnam, which took place in Tel Aviv on May 22. In her opening speech, Sabine Segal, Deputy Director General for International Business Affairs at the Israel Export Institute, said the conference, an initiative of the Vietnamese Embassy and trade office, helps Israeli firms study the Vietnamese market and its opportunities. Highlighting the growth of the two countries’ economic-trade-investment cooperation, she said extensive potential for bilateral multifaceted collaboration should be capitalised on. She unveiled that many Israeli companies operating in the high-tech sector are interested in running businesses and forming partnerships in Vietnam. Vietnamese Ambassador to Israel Do Minh Hung delivered an overview on Vietnam’s economic development and integration, as well as foreign investment … [Read more...] about Israeli companies study investment opportunities in Vietnam