Investing

After the protracted undertaking to attract investors, state-owned railway group Vietnam Railways is struggling to pursue its ambitious divestment plans. VNR will divest the state’s capital in 16 subsidiaries in the railway segment The operator of all railway lines in the country, Vietnam Railways (VNR) submitted its latest version of the draft restructuring plan for 2017-2020 to the Commission for the Management of State Capital (CMSC), putting the divestment of state capital in focus. The commission will soon adopt the plan and submit it to the prime minister. Under the latest draft, VNR will divest state capital in 16 units. Specifically, for the subsidiaries listed on the stock exchange or registered to list on the unlisted public company market (UPCoM) that VNR had partially divested, it requested authorisation to set a suitable timeline for selling through the order matching method with the price of the sale not lower than the initial investment value or the book … [Read more...] about Railway stake sales on track

With its strong development, Vietnam is striving to find solutions to attract more investment into energy development. John Rockhold, chairman of the Vietnam Business Forum’s Power and Energy Working Group, writes about how Vietnam can develop towards ensuring its sustainable energy security.   John Rockhold Under Vietnam’s Power Development Master Plan VII, generating capacity is increasingly coal-dominated, at over 40 per cent by next year. To implement even a clean coal policy, Vietnam will have to import tens of millions of tonnes of coal. The country’s natural coal deposits are limited, and production has fallen short of past targets. Coal will have to be purchased on the global market using US dollar reserves, and brought via the East Sea to coal terminal ports and other transport infrastructure systems. The energy security risks are worth noting based on the predatory economics in the region. A country with unlimited dollar reserves could outbid … [Read more...] about The path towards Vietnam’s energy security

Vietnam will give priority to technology-intensive, higher value-added foreign projects Working in Vietnam for months, Boikov Ivan, a senior specialist at the Russian Business Mission in Hanoi, is seeking to help Russian firms successfully penetrate the Vietnamese market. “A group of companies from Russia are interested in investment and business in retail, high-tech transport and healthcare, among others, in Vietnam. They are learning about how they can enter the market,” he told VIR. Russia is currently not one of Vietnam’s biggest foreign investors. As shown in statistics from the Ministry of Planning and Investment (MPI), as of June 20, 2019 Vietnam attracted an accumulated $954.4 million in Russian investment, ranking 24th among the 132 countries and territories investing in the nation. This might change in a few days, however, after Vietnam releases its new foreign direct investment (FDI) attraction strategy, putting focus exactly on the sectors of interest … [Read more...] about Bolder moves to capture gains of new FDI strategy

Technological solutions are transforming every aspect of Vietnamese industry, including logistics. Chairwoman of IMG Logistics, Nguyen Thi Thu Hien, discussed with VIR’s Bich Thuy how logistics companies, as SMEs, can leapfrog the competition by adopting emerging tech into their business to benefit from a global boom in Cross-Border e-Commerce. IMG Logistics and Vcargo Cloud signed the partnership at last week’s logistics conference in Haiphong Vietnam’s logistics market is appealing to more domestic and international firms. What are the advantages IMG Logistics has to make it different and competitive with its rivals? Nguyen Thi Thu Hien IMG Logistics has a different view. Since 2016, when the logistics market still lacked supporting policies for development and suffered low awareness about Industry 4.0, we have spent almost three years studying the local and international market to build our business model. We recognise that amid strong … [Read more...] about Tech alliance to spur logistics

IMG Innovations and Vcargo Cloud signed the partnership at last week’s investment conference in Haiphong Vietnam’s logistics market is appealing to more domestic and international firms. What advantages does IMG Innovations have to set itself apart and compete with its rivals? Nguyen Thi Thu Hien IMG Innovations was established in 2016 when the logistics market still lacked supporting policies for development and suffered low awareness about Industry 4.0. We then spent almost two years on studying the local and international market to seek a business model for ourselves. We recognise that amid the strong development of e-commerce, what logistics firms need is a relevant logistics platform, instead of focusing on land and warehouses as they often do. Our advantages are technologies for smart governance, smart cities, and smart securities. What is more, we focus on international markets and technology by co-operating with leading partners in the region. In … [Read more...] about Tech alliance to corner logistics