'Good time' for Vietnam firms to increase presence in Australia’s Northern Territory
Australia’s Northern Territory has great potential for development, and Vietnamese businesses should stand ready to increase their presence in the territory, said Nguyen Ngoc My, vice chairman of the Vietnam's Association of Foreign Invested Enterprises (VAFIE) and chairman of the Northern Territory-Vietnam Business Council (NTVBC).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Turkish firms keen on Vietnam infrastructure projects: official
Many Turkish businesses are keen to cooperate with Vietnam in infrastructure projects, Cagatay Ozden, Asia-Pacific department head of Turkey’s trade ministry, said at the Vietnam-Turkey business forum in Ankara Thursday.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM urges Indonesia firms to invest more in banking, finance, green growth
Vietnam is always happy to welcome Indonesian firms investing in the country’s banking, finance, green growth, property, and agriculture sectors, Prime Minister Pham Minh Chinh said on Tuesday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch bank FMO invests $4.5 mln in Vietnam clean energy firm
Dutch entrepreneurial development bank FMO has invested $4.49 million in Ho Chi Minh City-based rooftop solar power developer GreenYellow Smart Solutions Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Competition heats up as foreign retailers remain keen on Vietnam market
The slowdown in economic growth and presence of domestic competitors have not dimmed Vietnam’s retail potential in the eyes of foreign players seeking a foothold in the market.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC seeks to invest $10 mln in Vietnam-focused private equity firm ABBPE
World Bank Group investment arm IFC is considering a proposed investment of $10 million in Vietnam-focused ABBPE Capital Management Pte Ltd.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam lender SHB seeks strategic foreign investor
Saigon-Hanoi Bank (SHB) is seeking an optimal strategic partner towards delivering greater value to customers and shareholders, a source with knowledge of the matter told The Investor Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung Ventures invests in Vietnam's sleep tech startup Earable®
Earable® Neuroscience, a deep tech company that focuses on the neuroscience ecosystem to improve everyday experience, has announced the completion of the investment process from its bridge round by Samsung Ventures at an undisclosed amount on Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Growtheum to invest $100 mln in Vietnam dairy firm IDP
Growtheum Capital Partners has agreed to pay around $100 million for a stake in Vietnam’s International Dairy Products JSC (IDP) as the Singapore-based private equity firm looks to tap the region’s growing dairy market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Gakken eyes Southeast Asia expansion as Vietnam publisher’s largest shareholder
Japanese education firm Gakken Holdings has become Vietnamese textbook publisher Dai Truong Phat’s biggest shareholder with a 35% stake in Gakken’s new step to further expand in Southeast Asia.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Standard Chartered sees further investment potential in 'green' Vietnam
Leading global bank Standard Chartered sees Vietnam as a significant market to invest in and this long-term investment aligns with its business commitments and strategies. Standard Chartered Bank Vietnam CEO Michele Wee talks with The Investor.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Koenig & Bauer bolsters market presence in Vietnam
Koenig & Bauer, a global leader in making printing presses, is intensifying its presence in Vietnam as part of its business expansion initiatives.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Largest Thai retailer bullish on Vietnam, to invest additional $1.4 bln
Thailand’s largest retailer, Central Retail, has disclosed its biggest investment in Vietnam at 50 billion baht, or around $1.45 billion, in the 2023-2027 period to expand its market presence in the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast founder has no plans to add money to the EV maker: Bloomberg
Vietnam’s Forbes-listed billionaire Pham Nhat Vuong does not plan to inject his own money into electric vehicle startup VinFast even as the unit car founded by him has seen its factory construction plans in the U.S. behind schedule, Bloomberg reported Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB to invest $18 mln in Australis’ Vietnam aquaculture venture
The Asian Development Bank (ADB) has disclosed its strategic equity investment plan for Vietnam-based Australis Holdings, committing more than $15 million to finance the firm’s climate-smart barramundi and seaweed aquaculture project.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Singapore boost ties in digital economy, sustainable development
Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lee Hsien Loong agreed Thursday that the two countries will establish partnerships in the digital economy and green economy during their talks in the island state.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Multi-sector firm REE spends $31 mln buying VIB shares
Refrigeration Electrical Engineering (REE) invested in 38.8 million VIB shares of Vietnam's leading private bank VIB in the fourth quarter of 2022, with the closing balance of more than VND738 billion ($31.47 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Logistics firm Toll Group to gather pace in Vietnam, India, Indonesia with big bucks
Singaporean supply chain and logistics firm Toll Group plans to spend over $600 million over the next three years to expand its Asian business, keeping a keen eye on Vietnam, India and Indonesia, said its CEO Alan Beacham.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
VAFIE helps boost cooperation between Vietnam, India firms
Invest Global, an investment consultancy under the Vietnam Association of Foreign-Invested Enterprises (VAFIE), and a delegation of 15 Indian businesses have signed an agreement on boosting investment cooperation between the two countries.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghe An to gain $10 mln shoe factory
Shun An Co. plans to start work on a $10 million high-class shoe factory in the central province of Nghe An at the end of July.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
FPT Software to develop high-tech complex in Binh Dinh
FPT Software, a subsidiary of FPT Corporation, will develop a VND2,000 billion ($85 million) technology and software research, production and training complex in Binh Dinh province.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major Danang projects hunt for private capital
Danang is calling on private investment capital for seven key projects considered critical to the central city's socioeconomic growth.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danang lures $5.6 bln worth of foreign direct investment
Twenty seven projects worth $5.6 billion in hi-tech, urban development, tourism, ports, and logistics areas were awarded investment certificates or in-principle approval Saturday in Danang.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long-delayed central Vietnam container port requested to meet investment protocols
Thanh Hoa authorities have extended the time line to fullfil investment procedures for the long-delayed Long Son container port project in the central province's Nghi Son Economic Zone until early 2023.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Aviation, robotics among items on Danang's five-year investment list
Danang's chairman has signed a list of 36 projects calling for private investment into the central city in areas like aviation, space, robotics, and chips during 2022-2026.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
$628 mln eco-resorts in Hoa Binh province seek investors
Hoa Binh, neighboring Hanoi, is seeking VND14,590 billion ($628 million) in private investment capital for three eco-resort projects in Kim Boi and Lac Son districts.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
$197 mln Hai Phong industrial park gets the okay
Hai Phong authorities on Wednesday licensed the VND4,597 billion ($197 million) Tien Thanh Industrial Park project in the port city’s Tien Lang district.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
HSBC Vietnam Finance Group director arrested for fraud
Ho Chi Minh City Police on Tuesday detained Tran Quang Son, general director of HSBC Vietnam Finance Group for “fraudulent appropriation of property”.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel giant Hoa Phat eyes $5 bln port, industrial park in Phu Yen
Hoa Phat Group, Vietnam’s largest steel maker, wants to invest around VND120,000 billion ($5.16 billion) in a port and industrial park in the central province of Phu Yen.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean investors keen on Vietnam golf market
After many divestments from golf course projects in Vietnam due to the 1997-1998 regional economic crisis, foreign investors, especially South Koreans, are eager to return.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
$56 mln Korean-backed industrial park okayed for Quang Ngai
Quang Ngai authorities have granted approval for a South Korean investor to invest in the VND1,298 billion ($55.87 million) Binh Hoa-Binh Phuoc Industrial Park in the central province's Dung Quat Economic Zone.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, a blooming golf course destination
Vietnam's stock of world-class golf resorts and courses continues to expand, bolstering the country's status as a bucket-list destination.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese group T&T seeks high-tech pharma, agri zone approval
A subsidiary of private multi-sector corporation T&T Group is proposing to invest in a high-tech pharmaceutical and agricultural zone project in Lang Son province, northern Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC proposes new industrial park to lure major investors
Ho Chi Minh City authorities are seeking government permission to have a 700-hectare industrial park in Binh Chanh district added to the country's master industrial park development plan until 2025.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Property developer Hung Thinh proposes Mekong Delta urban project
Hung Thinh Corporation is proposing to develop an urban area project that includes entertainment, commerce, services, nighttime economy, and riverbank eco-tourism segments in Cao Lanh town, Dong Thap province.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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