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News

Chinese firm expands investment in Dong Nai

  • Center Power Tech Vietnam, a subsidiary of China’s Vision Group, on April 11 put into operation the third phase of its factory at Nhon Trach 2 Industrial Park in Nhon Trach district,the southern province of Dong Nai.
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South takes lead in attracting FDI

  • The southern region has received US$1.7 billion worth of foreign direct investment (FDI) in the first quarter of 2016, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
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Burden of unofficial expenses on businesses in Vietnam

  • The burden of unofficial costs is weighing on enterprises in Vietnam, and it is rising year by year. The bigger the businesses are, the more they are inspected by relevant bodies, found the PCI (provincial competitive index) survey in 2015 by the Vietnam Chamber of Commerce and Industry (VCCI).
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Vietnam learns to live without ODA

  • Relending ODA (official development assistance) capital instead of allocating capital is one of the methods Vietnam could use the capital source more effectively as ODA for Vietnam will be cut in the near future.
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Vietnam to ease venture capital rules to realize 'startup nation' dream

  • The Ministry of Planning and Investment has drafted a new set of rules which seek to make it easier for local and foreign venture capital funds to operate in Vietnam, where startups are in dire need of funding.
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Vietnam to play strategic role in Korean investors’ plans

  • Vietnam remains a new bright spot for Korean investors in Southeast Asia, as evidenced by their increasing presence in Vietnam.
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Japanese fund invests in Vietnamese confectionery company –

  • A Japanese institutional investor, Mizuho ASEAN Investment LP, has invested US$9.3 million in Phạm Nguyên Confectionery Company Ltd.
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Shares put on warning lists as firms post losses

  • HÀ NỘI - HCM City and Hà Nội stock exchanges this week put shares of many companies on the warning list or under supervision, due to their losses.
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LG Display says to build display module assembly plant in Vietnam

  • South Korea's LG Display Co Ltd said on Wednesday it plans to build a new display module assembly plant in Vietnam, aiming to start production in the second half of 2017.
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Thai Amata VN granted licence for $23 mln land project in Vietnam

  • Thailand's industrial park developer Amata VN Pcl said on Thursday it had been granted a new licence by Vietnam's government to develop land for a $23 million residential and commercial project at Long Thanh, near Ho Chi Minh City.
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FDI projects on rise in Cần Thơ

  • Cần Thơ last month issued a licence to South Korea's Tae Kwang Vina Industrial for setting up a shoe production plant in its 2B Hưng Phú Industrial Park.
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Lao province eyes VN trade

  • Laos's newly established province of Xaysomboun wants to bolster trade and investment co-operation with Việt Nam, especially HCM City, a deputy secretary of its Party Committee told a conference in HCM City yesterday.
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Amended Press Law, Child Law approved

  • The amended Law on Press was adopted by National Assembly (NA) deputies at the 11th session yesterday with approximately 89.5 per cent of votes in favour.
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US, Russia compete for investment opportunities in Vietnam

  • The US economic presence in Vietnam has been increasing steadily since the normalization of Vietnam-US relations since the 1990s. Russia, which was once the largest trade partner of Vietnam, has also returned.
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