Japan expands investment in Vietnam amid economic slowdown

While many local firms have scaled down or even closed amid the tough economic times, several Japanese firms have expanded investment in Vietnam, demonstrating their faith in the market. Japan's Tokyu Corporation has recently cooperated with Vietnamese industrial investment and development firm Becamex IDC to develop a US$1.2- billion project called Tokyu Binh Duong Garden City in the southern province of Binh Duong. In June, Nidec Seimitsu Vietnam Corporation, a subsidiary of the … [Read more...]

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Nidec licenced to open new factory at hi-tech park

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Nidec Seimitsu Vietnam Corporation, a subsidiary of the Japan-based Nidec Corporation, on Monday received an investment certificate to develop a micro-motor factory at the Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City. This is the fifth investment project of Nidec Corporation at SHTP, carried out under the commitment between the corporation and SHTP authority made in 2005. The Nidec Seimitsu Vietnam Corporation project worth a total of $40 million will develop, produce and trade micro … [Read more...]

Nidec licensed to open new factory at hi-tech park

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HCMC - Nidec Seimitsu Vietnam Corporation, a subsidiary of the Japan-based Nidec Corporation, on Monday received an investment certificate to develop a micro-motor factory at the Saigon Hi-Tech Park (SHTP) in HCMC. This is the fifth investment project of Nidec Corporation at SHTP, carried out under the commitment between the corporation and SHTP Authority made in 2005. Le Bich Loan (L), deputy head of SHTP Authority, hands over the investment certifi cate to Kazuto Hirasawa, vice chairman of … [Read more...]

US firms ratchet up investment

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(VOV) - The number of foreign trade representative visits to Vietnam during the first half of the year are an auspicious sign US investment in the country is not about to wane anytime soon, economic experts say. Finance Minister meets with US firms US firms fined for exporting electronic waste to Vietnam Vietnamese, US firms meet over future cooperation Paving way for small US businesses Early this year, the US-ASEAN Business Council organised a fact-finding tour of Vietnam for nearly 80 … [Read more...]

Attracting FDI remains a major challenge

A worker assembles engines for Piaggio Scooter in Vinh Phuc Province. - VNA/VNS Photo

HA NOI (VNS) - State agencies are doing their best to bolster foreign investors' confidence, yet difficulties remain in attracting foreign direct investment (FDI), especially in key sectors, said Foreign Investment Agency director Do Nhat Hoang. … [Read more...]

Challenges for Vietnam to boost FDI attraction

The Government is committed to augmenting the country's attractiveness as a safe and hospitable investment destination with developed infrastructure facilities and a young, talented workforce, radio The Voice of Vietnam (VOV) reported on June 16. As of May 2014, there were 16,323 foreign-invested projects operating in Vietnam with a combined registered capital of 237 billion USD invested by 101 countries and territories from around the globe. Foreign invested projects have significantly … [Read more...]

Challenges to Vietnam’s FDI attraction

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(VOV) - The government is committed to augmenting the country's attractiveness as a safe and hospitable investment destination with developed infrastructure facilities and a young talented workforce. Binh Duong dishes out licenses for FDI projects FDI businesses confident in Vietnam's investment environment FDI disbursement hits US$4.6 blnIroning out snags to raise competitive edge As of May 2014, there were 16,323 foreign-invested projects operating in Vietnam with a combined registered … [Read more...]

Attracting investment capital from Japan

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(VEN) - Together with close cooperation in various fields and Japan's active support in building Vietnam's industrial development strategy, experts said that investment capital from Japan into Vietnam would continue to increase in the near future. According to the Ministry of Planning and Investment's Foreign Investment Agency's data, as of October 2013, Japan had 2,072 valid investment projects in Vietnam with total registered capital of US$33.665 billion, accounting for 13.4 percent of … [Read more...]

Vietnam in pole position to attract Japanese investment

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Factory workers change shifts at the Thang Long industrial park outside of Hanoi in a file photo. Vietnam should support Japanese firms with employee recruitment and training, investors say. … [Read more...]

One hand to build efficient road to FDI

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The existing FDI management model is greatly problematic and needs changing. But how to change it now and apply a new FDI management model remains in question.- Dao Quang Thu MPI Deputy Minister Vietnam may set up a national-level body to manage foreign direct investment until 2020. At last week's workshop discussing the Ministry of Planning and Investment's (MPI) new draft foreign direct investment (FDI) attraction strategy until 2020, the MPI's Foreign Investment Agency director Do Nhat … [Read more...]

Southern provinces continue to attract FDI

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(VEN) - Statistics from the Ministry of Planning and Investment revealed that in the first seven months of 2012, Vietnam granted investment certificates to 584 new Foreign Direct Investment (FDI) projects with total registered capital of US$5.2 billion, equal to 55.9 percent of that in the same period last year; 231 ongoing projects registered an increase in their registered capital by US$2.83 billion, up 5.2 percent. So in the first seven months of this year, US$8.03 billion of FDI capital was … [Read more...]

Sign of FDI Attraction Recovery

Opening ceremony of O-I BJC glass container plant ( Feb 6, 2012) invested by Owens-IIlnois (USA), Berli Jucker Public Company (BJC, Thailand) and Saigon Beer Alcohol Beverage Company (SABECO, Vietnam)

After the first month of the year with 9 days off for the Lunar New Year holiday, foreign investment attraction activities in Feb 2012 appear to have recovered their lively status, with many big projects signed and implemented. As reported by the Foreign Investment Agency, as of 20 January 2012, total registered capital in January 2012 reached only 3 percent against the same period in 2011. However, Foreign Investment Agency Director Do Nhat Hoang said that these modest results do not reflect … [Read more...]

RoK Confirms Role as Major Investor

Real estate is one of the most popular sectors for Korean investors

(VEN) - According to the Korean Ministry of Knowledge Economy, as of 2010 businesses from the Republic of Korea (RoK) had 3,000 investment projects worth US$23 billion in Vietnam. Korean investors are interested in consumer goods production, electronics, technology, energy, support industries, real estate, agriculture, forestry and fisheries. Real estate is one of the most popular sectors for Korean investors. As of 2010, there were 158 Korean construction businesses investing in Vietnam. The … [Read more...]

Untapped region to show best side

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Six northern central provinces will join hands to hold an investment promotion conference on October 17 to woo foreign investors to this untapped region. The provinces include Nghe An, Thanh Hoa, Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue. The conference, supported by the Ministry of Planning and Investment (MPI), will offer investors an insight into potential as well as opportunities in the north-central region. "We expect investors will have a comprehensive view about the region and … [Read more...]

Mobile providers eye world market

Clients register for Unitel mobile services in Laos. Unitel is the Lao venture of Vietnamese mobile provider Viettel. Domestic mobile service providers are seeking ways to expand abroad as the local phone market becomes saturated. — VNA/VNS Photo Hoang Chuong

HA NOI — Domestic mobile service providers are seeking ways to expand abroad as the local phone market becomes saturated, say market watchers. By 2020, the miitary-run mobile provider Viettel expects to provide services to around a billion people with revenue from foreign markets five times greater than domestic revenues. In 2010, its total revenue from investments abroad totalled nearly VND4.3 trillion (US$208 million), with profits reaching VND652 billion ($30 million). In 2007, Viettel … [Read more...]

Japanese firms may get dedicated zones

HA NOI — Viet Nam will consider establishing industrial zones solely for use by Japanese enterprises, Ministry of Planning and Investment's Foreign Investment Agency director Do Nhat Hoang has said. During a seminar between Vietnamese businesses and their counterparts from Japan's Aichi Province in Ha Noi on Monday, Hoang spoke highly of the quality of projects carried out by Japanese investors. Hoang said he hoped that not only Japan's major corporations but also small and medium-sized … [Read more...]

Republic of Korea eyes farm investments

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Agriculture and fisheries represent enormous potential for investors from the Republic of Korea (RoK) seeking opportunities in Vietnam, said Foreign Investment Agency director Do Nhat Hoang at a business conference on Oct. 7 in Hanoi. Untapped opportunities in the agricultural, forestry and fisheries sectors were awaiting RoK enterprises, Hoang said, noting that Vietnam was offering incentives for investment in these sectors, including reduced land rental fees and assistance in human … [Read more...]

BUSINESS IN BRIEF 26/8

Chu Lai economic zone looks to future Deputy Prime Minister Nguyen Xuan Phuc has urged central Quang Nam province work harder in its efforts to make Chu Lai a major economic zone and thus attract more national and international investment projects. Deputy PM Phuc made the remarks at a ceremony on August 17 to mark the 10th anniversary of the zone, which is situated in Nui Thanh district, Quang Nam . After a decade of operation, Chu Lai EZ has granted permission for 89 projects with a total … [Read more...]

FDI heaps praise for great contribution to economy

Tu Hoang Phan Huu Thang, former head of the Foreign Investment Agency under the Ministry of Planning and Investment, noted the FDI sector has made impressive development, contributing greatly to the nation's economic growth. Thang, who now serves as director of the Foreign Investment Research Center of the Vietnam National University of Hanoi, stressed that Vietnam couldn't have developed as seen currently but for the presence of the FDI sector. He spoke out his comments following recent … [Read more...]

Vietnam plans to strengthen post-licensing control to heighten FDI quality

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VietNamNet Bridge - Vietnam believes that it's now the right time to shift from the pre-licensing to post-licensing inspection over foreign invested projects to improve the foreign direct investment (FDI) quality. The draft of the government resolution on improving the effectiveness in attracting, using and managing FDI, shows a lot of measures to tighten the control over the FDI project implementation after the licensing. The draft resolution says that local authorities and watchdog … [Read more...]