Investing

What is An Giang expecting from the upcoming conference? Chairman of the An Giang People’s Committee Vuong Binh Thanh This is the largest investment promotion conference of its kind to ever be held in An Giang, and local leaders have thus set a very clear goal. It will be the place to showcase the potential of the province, as well as preferential funding policies, serving as a basis for upcoming activities. The conference will create a direct channel for international investors and organisations to meet provincial leaders. It will also help support and promote activities through collaboration and connection between the province and domestic and foreign enterprises, as well as provide these businesses with information and lists of projects seeking investment in An Giang. Along with this, we will consider to grant in-principle approvals to a number of large-scale investment projects. Most of these will be implemented in 2019, as they have met the conditions. The projects … [Read more...] about An Giang opens the doors to attract further investment

A worker checks steel products at an industrial zone in the northern province of Bac Giang. The province has granted licences to 46 FDI projects with total investment of US$152.2 million, bringing the total numbers to 233 projects and $3 billion.-VNA/VNS Photo Danh Lam According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong Province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanised population, affordable labour, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said … [Read more...] about Vietnam an FDI magnet in Southeast Asia: experts

Eleven projects totalling $500 million in capital will be licensed at the Hoa Binh Investment Promotion Conference early next week, according to Nguyen Van Thang, Chairman of the Hoa Binh People's Committee. The press conference on the Hoa Binh Investment Promotion Conference These projects include major projects such as the water processing and treatment factory project by Aqua One Water JSC with a total investment of VND3.04 trillion ($132.17 million) and a planned capacity of 600,000 cubic metres of water per day. "The province will also sign 18 memoranda of understanding with the total investment of VND68 trillion ($2.96 million) at the event," said Thang. The conference, as part of the province's fruit fair and Hoa Binh agriculture expo, will focus on the province's review of the past 15 years of investment attraction and identifying how to best promote its potential and advantages to attract more local and foreign investors to key projects. Addressing the press briefing … [Read more...] about Hoa Binh to licence $500 million in projects at upcoming conference

Vietnamese Minister of Industry and Trade Tran Tuan Anh and Korean Minister of Trade, Industry, and Energy Sung Yunmo signed a memorandum of understanding (MoU) in Seoul on Thursday on an action plan to reach US$100 billion in bilateral trade by 2020. Vietnamese Minister of Industry and Trade Tran Tuan Anh and Korean Minister of Trade, Industry and Energy Sung Yunmo signed a memorandum of understanding in Seoul. - Photo courtesy of MoIT The signing was witnessed by National Assembly Chairwoman Nguyen Thi Kim Ngan, who is on an official visit to the Republic of Korea from December 4 to 7. The MoU reflects the commitment of the two ministries to further lift two-way trade as agreed by the two countries’ top leaders at the APEC Economic Leaders’ Week in Da Nang last year. Under the action plan, the two sides will co-operate to help Vietnamese enterprises enhance their competitiveness in the fields of spare part manufacturing, automobiles, garments and textiles, … [Read more...] about Vietnam, RoK ink action plan to lift bilateral trade to US$100 billion by 2020

Royal Dutch Shell PLC expressed its interest in becoming the liquefied natural gas (LNG) supplier for PetroVietnam’s projects, while simultaneously penetrating deeper into the Vietnamese petroleum distribution system via acquiring a stake in PetroVietnam Oil Corporation (PV Oil). Le Manh Hung, deputy general director of PetroVietnam, and Douglas Buckley, Shell deputy chairman, dicussing bilateral co-operation opportunities Responding to the proposal of Shell, Le Manh Hung, deputy general director of PetroVietnam, said that it is looking for LNG supplier for the Thi Vai LNG terminal in the southern province of Ba Ria-Vung Tau. Regarding the Son My LNG terminal in the central province of Binh Thuan, PetroVietnam is waiting for the Ministry of Industry and Trade’s approval for the project’s feasibility study. Hung proposed Shell to work with PV Gas – the investor of Thi Vai LNG – to discuss the co-operation between the two parties. Previously, … [Read more...] about Shell wants to become LNG supplier for PetroVietnam