AI giant Nvidia explores Vietnam investment expansion opportunities
U.S. chip and artificial intelligence giant Nvidia says it will consider expanding investment in Vietnam after a high-ranking delegation ends a fact-finding trip to the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Jewelry mogul Doji expands investment portfolio beyond gold
Doji Gold & Gems Group JSC, Vietnam’s leading jewelry maker, has expanded its investment portfolio, ranging from its pillar arm of gold and silver to finance, banking, and real estate.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
US chip giant Nvidia delegation discusses AI, semiconductor cooperation with Vietnam
Executives from U.S. chip and Artificial Intelligence (AI) giant Nvidia led by vice president Keith Strier are in Vietnam to explore investment opportunities in AI and semiconductors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
With no clean land, $169 mln central Vietnam project faces termination
Binh Dinh province has granted in-principle approval for the termination of a VND4.3 trillion ($169 million) wooden board manufacturing project by Kim Thanh Lap Forestry JSC, citing lack of clean land to implement it.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple eyes manufacturing in Indonesia: CEO Cook
Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia following a meeting with the Southeast Asian country’s President Joko Widodo on Wednesday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Kazakhstan’s Kusto, Vietnam builder Coteccons team up for $200 mln investment
Kazakhstan-headquartered multi-sector firm Kusto Group has entered into a partnership with Vietnamese builder Coteccons to invest up to $200 million in Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam appreciates Apple investment, creation of 200,000 jobs: PM
Vietnam appreciates tech giant Apple’s investments that have generated 200,000 jobs and will set up a working group to further support its activities, Prime Minister Pham Minh Chinh said Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple announces Vietnam expansion, CEO Cook in town
Tech giant Apple announced plans to increase investments in manufacturing hub Vietnam as CEO Tim Cook began a two-day visit to the country on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
$174 mln tourist project in Binh Dinh province awaits investors
South-central Vietnam's coastal province of Binh Dinh has opened a VND4.35 trillion ($174 million) tourist project to bidding for investor selection.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan firms see Vietnam as crucial link in supply chain shift to Southeast Asia
Taiwanese businesses have recognized Vietnam as a crucial link in their supply chain shift to Southeast Asia, said CY Huang, founder of the Southeast-Asia Impact Alliance (SIA).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
US company steps up AI investment in Southeast Asia
The U.S. chip manufacturer Nvidia is planning to build a $200 million artificial intelligence (AI) centre in Indonesia as part of its push into Southeast Asia.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks spend big on technology
Amid the rapidly changing needs of users and the digital transformation goal set by the government, Vietnamese banks have been investing heavily in technology with the total hitting trillions of Vietnamese dong (VND1 trillion = $39.9 million).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
90% of firms in Vietnam plan more investment inside ASEAN: HSBC survey
Up to 87% of businesses in Vietnam plan to invest more inside ASEAN, while 69% of them plan to do so outside the 10-nation bloc, according to an HSBC survey of financial decision-makers in the region’s six biggest economies.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese realty player DIC Corp guns for profit, capital base spikes
Development Investment Construction JSC (DIC Corp), among the top real estate developers in Vietnam, targets to earn VND1.01 trillion ($40.7 million) in pre-tax profit this year, up 508.9% year-on-year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese, foreign firms secure investment nods in Binh Dinh province
A host of Vietnamese and foreign companies have received green-lights to proceed with projects in the central coastal province of Binh Dinh which is seeking to become a regional economic hub.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Northern Territory complementarities present huge investment, cooperation potential: experts
Several complementarities between Vietnam and Australia’s Northern Territory present significant investment and cooperation potential in multiple sectors including animal breeding, meat processing, tourism and vocational training, experts say.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tien Giang province seeks investors for 40 projects
Vietnam's Mekong Delta province of Tien Giang is seeking investors for 40 projects worth VND53.9 trillion ($2.18 billion) in various fields.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Intel commits to long-term investment in Vietnam: representative
Intel appreciates the continued support of the Vietnamese government and is committed to long-term investments in the country, Intel Vietnam representative Phung Viet Thang said at the Vietnam Business Forum (VBF) on Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
New Zealand firms keen on investment in renewable energy, realty in Vietnam
New Zealand businesses have asked the Vietnamese government for further support to invest and expand their operations in Vietnam, particularly in renewable energy, real estate, and aviation.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s foreign invested enterprises association explores Iranian collaboration
The Vietnam Association of Foreign Invested Enterprises (VAFIE) and Iranian Commercial Attache to Vietnam Mohsen Rezaei Pour discussed mutual investment opportunities at a Thursday meeting in Hanoi.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to facilitate more investments from S Korea: minister
Vietnam welcomes South Korean enterprises and investors to make fresh investments and expand operations, Minister of Finance Ho Duc Phoc said at a conference in Seoul Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Australia forms $1.3 bln finance package to boost trade, investment with ASEAN
Australia on Tuesday announced its plan to increase investment in the Association of Southeast Asian Nations (ASEAN) by setting up a $1.3-billion finance package to boost trade and investment in the region.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinh Phuc province announces new master plan, attracts $810 mln investment
Vietnam's northern province of Vinh Phuc on Tuesday granted investment registration certificates to 17 domestic and foreign investors with total registered capital of over VND20 trillion ($810 million).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Phu Yen province to welcome investment flow of $5.6 bln
The south-central province of Phu Yen on Sunday granted in-principal approvals, investment certificates and investment adjustment certificates to 14 projects with total registered capital of nearly VND10.5 trillion ($425.88 million).
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Seventy projects awaiting investors in Phu Yen province
The south-central Vietnamese province of Phu Yen is calling for investment in 70 projects in the 2024-2030 period, including mega projects in the fields of oil refining, iron and steel.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Thuan province to receive huge investment capital flow
The south-central Vietnamese province of Binh Thuan has granted in-principle approval, investment registration certificates, and investment memoranda to multiple domestic and foreign businesses, including those leading in the fields of infrastructure, real estate, footwear and steel.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM invites Siemens to build urban railway lines
Prime Minister Pham Minh Chinh has asked Siemens AG to research and participate in bidding for urban railway line projects in Vietnam and transfer technology to the country in this area.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quang Nam province works to attract investment in industry
The central province of Quang Nam will speed up site clearance and build infrastructure for industrial parks and industrial clusters to lure investment.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danang aims for at least $200 mln hi-tech investment this year
Danang, an economic hub in central Vietnam, is targeting to attract at least three high-tech projects with a combined capital of $200 million this year, according to the Danang Hi-Tech Park and Industrial Zones Authority (DHPIZA).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finnish fund reports 6.8% growth in Vietnam investment performance
Finland’s Pyn Elite Fund saw its investment performance in Vietnam grow 6.8% month-on-month in January, well above the 3% gain in Vietnam’s benchmark VN-Index.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hyosung plans $400 mln aviation fuel investment in southern Vietnam
South Korean industrial chaebol Hyosung plans to invest $400 million in a hydro-treated vegetable oil (HVO) project for manufacturing aviation fuel in the southern coastal province of Ba Ria-Vung Tau.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese, Chinese firms cooperate in $350 million border gate investment
Vietnam’s Thang Long Investment JSC and China’s Lirui Group have signed a $350 million business cooperation contract (BCC) for developing Lang Son province's Tan Thanh Border Gate.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Job market reflects cautious sentiment among businesses in 2024
Employers in Vietnam remain cautious about hiring new staff in 2024, with about one-third of companies surveyed saying they will maintain their current employee numbers, write Adecco analysts in their newly-released Vietnam salary guide 2024.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese firms’ Vietnam hassles: labor turnover, power supply, legal transparency
Rising labor costs, high labor turnover, power supply instability, complicated procedures, and weak legal transparency are issues hassling Japanese firms in Vietnam, says the Japan External Trade Organization (JETRO) in a report released Friday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam viable option for US firms’ China plus one strategy: OnePoll
In addition to India, Vietnam has become a viable option for U.S. firms looking to adopt a “China plus one” strategy, according to a survey by UK market research firm OnePoll.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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