Japanese investors interested in india

Investment Hanoi leader pledges favorable conditions for Japanese investors The Saigon Times Daily Wednesday,  Dec 11, 2019,18:31 (GMT+7) Hanoi leader pledges favorable conditions for Japanese investorsThe Saigon Times Daily Hanoi Chairman Nguyen Duc Chung (R) meets with Masayuki Hyodo, representative director, president and chief executive officer of Sumitomo Corporation – PHOTO: HANOI PORTAL HCMC – Chairman of Hanoi City Nguyen Duc Chung has reaffirmed the city government’s commitment to make life easy for foreign investors to do business in the capital, including those from Japan. The chairman was speaking at his meeting on Tuesday with Masayuki Hyodo, representative director, president and chief executive officer of Sumitomo Corporation, reported the Vietnam News Agency. The city leader praised Sumitomo and the CEO for carrying out major projects and helping other firms to invest in the city. … [Read more...] about Hanoi leader pledges favorable conditions for Japanese investors

  A Japanese restaurant in downtown HCM City’s District 1 is owned and managed by Vietnamese. — VNS Photo Bồ Xuân Hiệp HCM CITY — Japanese investors are pouring money into hundreds of restaurants in Việt Nam as local incomes continue to rise around the country.   Japanese restaurants began to appear in the 1990s, but the number has soared in recent years. Chains like Tokyo Deli, Yakimono, Sushi Rei and Gyu Shige can be seen on busy streets in Hà Nội, HCM City, and in other major cities and provinces.  Many Japanese restaurant chains have expanded operations in the country, with more than 1,500 Japanese restaurants.  Gyu Shige BBQ Restaurant, with 130 restaurants in Japan, officially entered Việt Nam in 2016 with its first store in HCM City, while the chain Ootoya recently opened its second restaurant at the Bitexco Tower in HCM City.  … [Read more...] about Urban areas see boom in Japanese restaurant chains

Vu Duc Nhan, deputy CEO of transport firm Phuong Thanh Tranconsin Jsc, told VnExpress that the Ministry of Transport requires an investor to have an owner’s equity of 20 percent of the cost of a North-South Expressway project. This means that if a project costs VND5 trillion ($215 million), an investor needs to have VND1 trillion ($43 million) in owner’s equity.  The investor also needs to have experience in a similar project in scale, he added. "Very few Vietnamese companies have that money. Only some have recently invested in major national highways." A tightened credit policy on build-operate-transfer (BOT) projects is adding to the burden, Nhan said. Banks are charging an annual interest rate of 11 percent, higher than the 7.8 percent the Ministry of Transport estimated earlier when calling for investors. Many BOT projects are struggling to collect enough tolls due to lower traffic than estimated, making investors reluctant to take on expressway projects, he … [Read more...] about North-South Expressway: domestic investors fear foreign competition

The three additional months are needed to carry out new preliminary evaluations of investors before they can bid for the public-private partnership (PPP) work, according to a recent report the government made to the National Assembly. Next year, the evaluations are expected to be completed by February, the contractor identified by August, and the tendering process completed by November, the report said. In September the Ministry of Transport decided not to invite foreign bids for the eight sections of the expressway to be built under the PPP model, saying only a few qualified and this could lead to a low level of competition. Sixty investors, half of them Chinese, submitted expressions of interest for the eight sections, but for four of them no investor met all the requirements, while for the rest only one to three did so, the ministry said in a statement. It then decided to invite fresh tenders with lowered criteria for the North-South Expressway from local investors, to "ensure … [Read more...] about Transnational expressway investor selection to take until August 2020

Competition is heating up in Vietnam's consumer lending market as existing foreign financial organizations rush to expand as new entrants join the market. The joint venture, which marks Hyundai Card’s first overseas endeavor, is touted as a new growth engine in the Southeast Asian market in a company statement. Consumer lending in Vietnam has increased strongly in recent times on the back of rising affluence amid strong economic growth. “As the market continues its growth momentum, new players, including foreign financial institutions, have been looking for entry into the country,” said Mr. Masataka Yoshida, Senior Managing Director, Head of the Cross-Border Division, and CEO Vietnam at the Recof Corporation, a Japan-based merger and acquisition (M&A) consulting firm. One after the other Before Hyundai Card, a host of other South Korean financial players penetrated into Vietnam’s fast-growing consumer finance market. Lotte Card acquired Techcom Finance in … [Read more...] about Consumer lending a contested landscape