Investing

Taiwan Core Pacific Group is seeking investment opportunities in fields like petrochemical manufacturing and industrial park and residential real estate construction in Dong Nai. Lin Ko Ming, vice chairman of Taiwan’s Core Pacific Group, and Vice Chairman of the Dong Nai People’s Committee Tran Van Vinh On April 19, Lin Ko Ming, vice chairman of Taiwan’s Core Pacific Group, visited Dong Nai and expressed interest in some potential investment sectors. The group asked for a land parcel of 100 hectares for petrochemical manufacture, and other areas to develop apartment buildings. Core Pacific Group is one of the leading groups in Taiwan with a total value of $5 billion. Core Pacific Group operates in the petrochemical industry, infrastructure, urban development and operation, and financial services. Vice Chairman of the Dong Nai People’s Committee Tran Van Vinh said that Taiwan ranks second among the 45 countries and territories investing in Dong Nai, with … [Read more...] about Taiwan to become Dong Nai’s largest investor

With e-logistics growing in importance every day, firms and agencies are required to look to new solutions to ease the pressure on the environment and the transport system High pressure from e-commerce boom According to the Ministry of Industry and Trade (MoIT), Vietnam is one of the world’s fastest-growing e-commerce countries. The country’s e-commerce market is growing by 35 per cent a year, 2.5 times faster than Japan’s. California-based business consulting firm Frost and Sullivan forecast that the scale of Vietnam’s e-commerce market will increase from $1.6 billion in 2016 to $3.7 billion by 2020. What is happening in the local e-commerce market now proves how lucrative it is. A number of global e-commerce giants, including Alibaba Group, JD.com, and Tencent, have been rushing to invest in Vietnam, while influential domestically-run groups, namely FPT and Vingroup, have invested strongly in e-commerce websites. What’s more, cross-border trade is now … [Read more...] about E commerce requires logistics reboot

BAA Training, one of the largest aviation training centres in Northern Europe, has announced the establishment of a new company in Vietnam—BAA Training Vietnam which will operate a training centre of four full flight simulators and Ab Initio flight school by 2023. The new pilot trainning centre will be launched in Ho Chi Minh City According to Boeing’s projections, the Asia-Pacific will require up to 253,000 new pilots until 2036. Looking at Southeast Asia alone, the aircraft numbers will grow from 1,410 in 2016 to 4,200 aircrafts by 2036, 77 per cent of which will be made up of single aisle airplanes, mainly A320 and 737 family aircrafts. To respond to the growing training needs in the region, BAA Training Vietnam is building a brand new training facility with a total investment capital of $50 million in Ho Chi Minh City. As the construction of the training centre is underway, the first Airbus A320 full flight simulator is set to be deployed by the end of 2018. … [Read more...] about BAA Training establishes pilot training facility in Ho Chi Minh City

Ways to reduce logistics costs in Vietnam were once again discussed at a national conference on April 16, showing the strong determination of the government to increase the competitiveness of the economy. PM Phuc showed the government's full support to reduce logistics costs The event revolving around cutting logistics costs and increasing transport connectivity attracted the participation of Prime Minister Nguyen Xuan Phuc, ministers, and hundreds of domestic and international logistics providers. The conference was broadcast live to all cities and provinces nationwide. In his opening remarks, the PM said that though ministries and agencies have been paying attention to logistics, reasonable solutions have not been taken yet to cut down logistics costs that are currently higher than in regional countries. The government leader asked ministries and businesses to focus on dealing with the challenging issues of development planning, infrastructure development, … [Read more...] about Vietnam determined to cut logistics costs

The southern province of Binh Duong will shorten the time for enterprises to start up their business in a bid to improve the province’s investment and business environment, said Tran Thanh Liem, provincial People’s Committee chairman. The entrance of Viet Nam Singapore Industrial Park (VSIP) in Binh Duong Province.-Photo ndh.vn Specifically, the committee will process enterprises’ application for business certificates in a maximum of two working days. It will also reduce by half the time for granting investment registration certificate as well as link the tax, labour and insurance procedures. According to Liem, to reduce the legal compliance costs for enterprises, the committee will review, cut and simplify administrative procedures; reduce some kind of charges and eliminate some unnecessary fees as well as publisise 100 per cent of the procedures related to business registration and investment and the planning of the province on the website. In the first … [Read more...] about Binh Duong shortens duration of business registration