HA NOI — Viet Nam remained one of the leading destinations for Japanese investors in 2011, receiving a total of US$1.84 billion in investment. During the past year, the number of Japan-backed projects granted licences in Viet Nam reached 208, up 82 per cent from 2010, according to the Japan External Trade Organisation (JETRO). The manufacturing sector accounted for 54 per cent of total projects, mostly producing construction machines, automobile spare parts and electronic components. Trade and service businesses made up 15 per cent of the projects, including top Japanese retailer Ministop. Viet Nam has attracted Japanese investors with low production costs, but also cultural similarities, according to Than Thanh Vu, chairman of the Sao Khue investment consultancy firm. In recent years, the Vietnamese Government has encouraged Japanese businesses to increase investment in the country's support industries and commit to establishing Japanese-only industrial zones (IZs). The … [Read more...] about Japan stays popular for investment
Investment
Ministry plans to check on public investments
VietNamNet Bridge – The Ministry of Planning and Investment will conduct a comprehensive examination of public investment projects this year, with a focus on State-budget management and bond use. The inspection is part of a 2012 examination plan formulated under a decision made by the ministry to check on the progress of implementation of the Prime Minister's instruction 1792/CT-TTg, which strengthens control of State budget and bond use. The ministry will also check on plans to develop State budget funds for 2012 and State bonds for the 2012-15 period. Inspection will take place in 33 cities and provinces. The ministry will examine State-budget management of investment and development between 2009 and 2011 in the northern provinces of Lang Son, Lai Chau and Vinh Phuc as well as the Central Highlands province of Gia Lai and the southern provinces of An Giang and Long An. State management of tourist real-estate project implementation in southern Ba … [Read more...] about Ministry plans to check on public investments
Vietnam receives strong foreign portfolio investment flow
VietNamNet Bridge - More than VND33.5 trillion ($1.4 billion) worth of foreign portfolio investment (FPI) in both stocks and bonds were poured into Vietnam in the last three quarters of the year. This has increased the dollar supply and helped the State Bank improve forex reserves. Analysts said the Vietnamese stock market in the third quarter had two major development stages. In the first stage, which ended in mid-August, the VN Index fluctuated with alternate up/down trading sessions. In the second stage, the upward trend bounced back to the new peak of over 800 points thanks to a group of shares with high capitalization value such as SAB, VIC, MSN and GAS. The VN Index increased by 3.6 percent, but the trading value decreased in Q3. A report from Bao Viet Securities showed that the highest growth rate belonged to shares of brewery companies (+28.8 percent), SAB of Sabeco and BHN of Habeco. They both saw sharp increases in prices thanks to good business … [Read more...] about Vietnam receives strong foreign portfolio investment flow
Aeon Mall Ha Dong to be built with 90-mln-USD investment
Illustrative image (Source: VNA) HCM City (VNA) – The Aeon Mall Ha Dong,covering an area of 150,000 sqm, will be built in Ha Dong district, Hanoi withan investment of more than 2 trillion VND (90.3 million USD).The Kajima – Hoa Binh Joint Venture was assigned to bethe Design and Build contractor of Aeon Mall Ha Dong project on November 6.The mall, which has four floors and a basement, isexpected to be put into operation at the end of 2019 and among the country’slargest shopping centres.The Japan-based Kajima Vietnam Co., Ltd. andVietnam’s Hoa Binh Corporation signed a strategic deal in February 2017 tocooperate in construction. The Aeon Mall Ha Dong will be their first projecttogether.-VNA … [Read more...] about Aeon Mall Ha Dong to be built with 90-mln-USD investment
APEC 2017: A major motivation for trade and investment
The Asia Pacific Economic Cooperation (APEC) forum came into being nearly three decades ago, now with 21 member economies. Vietnam has been a member of APEC for nearly 20 years and the country has been chosen as the host country for APEC Summit twice – the first in 2006 and the second in 2017. The APEC 2017 Summit will take place in the central city of Da Nang this November, with the participation of leaders from 21 APEC member economies and about 10,000 international and domestic delegates. Vietnam’s hosting of the APEC Year 2017 is considered an important milestone for Vietnam. In particular, this will be a golden opportunity, a strategic step for the Vietnamese business community, and an opportunity to directly promote trade and investment. VNN … [Read more...] about APEC 2017: A major motivation for trade and investment