The Hanoitimes - Effective regulations and incentives should be taken to lure FDI capital inflows into the country’s transport infrastructure as the sector is showing less attractive to foreign investors due to policy bottlenecks, experts said. Vietnam is in dire needs of private investment, especially from foreign funds, to complete many important transport projects as the state cannot afford it. Vietnam needs US$48 billion to develop transport system from now to 2023 Between now and 2020, the country expects to finish construction of about 654 kilometers out of 1,300 kilometers of highway. It also considers the building of many new roads and hi-speed railways to get connected with ASEAN, Great Mekong Sub-region (GMS) and trans-Asia road systems, while paying attention to airport development, including the construction of Long Thanh International Airport with capacity of 100 million passengers and 5 million tons of cargo in the southern province of Dong Nai. The … [Read more...] about Policy leverage to direct FDI capital in Vietnam’s transport infrastructure
Vietnam japanese
Japanese, Vietnamese businesses commit to invest US$10 billion in Vietnam
The Hanoitimes - Prime Minister Nguyen Xuan Phuc encouraged Japanese business to invest in infrastructure development, renewable energy, processing and manufacturing, supporting industries, high-tech agriculture, logistics, aviation industry, among others. Japanese and Vietnamese companies have announced their commitment to invest a total of nearly US$10 billion in Vietnam, the government portal and Vietnam Television reported. Prime Minister Nguyen Xuan Phuc at the meeting. Source: VGP. The agreements and investment licenses involved Aeon, Mitsui, Vietnam's T&T Group and Vietjet, among others. Japan currently is Vietnam's largest ODA donor, the second largest FDI investor with over US$52 billion and the fourth largest trading partner with US$33 billion, PM Nguyen Xuan Phuc said in a meeting with some 1,200 Japanese and Vietnamese businesses in Tokyo on October 10. Japan is also the largest investor in Vietnam with registered capital of over US$9 billion … [Read more...] about Japanese, Vietnamese businesses commit to invest US$10 billion in Vietnam
Leading Vietnam, Japanese artists perform at friendship concert
Top star: Diva My Linh performed at the concert. - Photo courtesy of VTV Viet Nam Television (VTV) and Viet Nam - Japan Special Ambassador Ryotaro Sugi hosted the concert with support from the Ministry of Foreign Affairs and the Ministry of Culture, Sports and Tourism. VTV General Director Tran Binh Minh said the idea of organising the concert started a year ago in preparation for the celebration marking 45 years since the establishment of diplomatic relations between Vietnam and Japan. “Through music, we honour the cultural beauty of the two nations. They share similarities but each has its own identity,” he said. The highlight of the concert is the song Gặp Tôi Hoa Nở (Flowers Blooming When I Meet You) exclusively written for the event. Popular songs from the two countries will also be performed, including Doraemon no Uta and songs written by Trinh Cong Son. Boy band: W-inds., a beloved group among young Japanese music lovers took part in the … [Read more...] about Leading Vietnam, Japanese artists perform at friendship concert
Vietnam’s transport projects beckon Japanese investors
The Hanoitimes - Japanese investors are seeking opportunities to join new transport projects in Vietnam as the Vietnamese government considers the investment for infrastructure development among the country’s top priorities. In a recent meeting with Deputy Minister of Transport Nguyen Ngoc Dong, Japan’s Secretary of State Tsukasa Akimoto said that Japan is interested in the Long Thanh International Airport in Dong Nai Province, which the government wants to start soon. Japan investors are interested in Long Thanh International Airport Japan also wants to invest in Vietnam’s high-speed north-south railway, Akimoto noted. Earlier, some Japanese investors also expressed intentions to invest in Vietnam’s transport projects. Taisei Group, which is one of Japan's four biggest construction groups, has so far shown their interest in Vietnam’s transport projects, especially those using Japanese ODA. Taisei has so far also joined many projects in Vietnam, … [Read more...] about Vietnam’s transport projects beckon Japanese investors
Daikin to open first factory in Vietnam soon
Japanese air-conditioning giant Daikin Industries will open its first production base in Vietnam this Friday (May 18), marking its newest step to boost presence in the country. Daikin's arrival will heat up the already contested market Located in the northern province of Hung Yen, the $100-million factory has a capacity of 500,000 units a year, which is planned to increase to one million units by 2020, to cash in on the growing demand for residential-use air conditioners in the country, which is predicted to rise to 40 per cent (market penetration) by 2020 from the current 22 per cent. According to Ly Thi Phuong Trang, president of Daikin Air Conditioning Vietnam JSC, the Asia-Pacific region is among Daikin’s most important investment destinations in the world. In Vietnam, residential-use air conditioner sales were 2.3 million units in 2015 and are forecast to climb to four million units in 2020. Residential-use air conditioners rank fifth in long-lasting consumer … [Read more...] about Daikin to open first factory in Vietnam soon