INVESTMENT

The Hanoitimes - The current number of Japanese firms in Vietnam’s manufacturing sector has experienced a slowdown, but the number in services and trade sectors has been rising significantly. Instead of mainly pouring into manufacturing and infrastructure projects as few years ago, Japanese investors have been shifting their focus to services and trade sectors in Vietnam, driven by the market’s growing purchasing power.   AEON will increase the number of its shopping malls in Vietnam to 20 by 2025 According to Tran Nguyen Trung, deputy director of I-Glocal, which is a top-tier company in accounting and tax consulting for Japanese companies in Vietnam, the current number of Japanese firms in Vietnam’s manufacturing sector has experienced a slowdown, but the number in services and trade sectors has been rising significantly. Trung forecast that this trend will continue in the next few years as the Vietnamese consumption market is very attractive to foreign … [Read more...] about Japan shifts investment focus on Vietnam’s service sectors

(VEN) - Vietnam’s southeastern localities, including Ho Chi Minh City and Binh Duong, Dong Nai, and Ba Ria-Vung Tau provinces are preparing strategies to attract higher-quality foreign direct investment (FDI), giving priority to investment in high technology and service industries. With adequate infrastructure and an open investment environment, the southeastern region has taken the lead in FDI attraction Higher-quality investment Reports by southeastern provinces and cities show that FDI in the localities has maintained a high growth and improved in both quantity and quality. Dong Nai Province, for example, attracted an additional US$1.59 billion (including capital of newly licensed projects and increased capital of existing projects) in the first 10 months of 2018, up 106 percent from the same period in 2017 and 59 percent higher than the 2018 target. This has taken the total FDI capital in the province to US$33.4 billion (1,853 projects). Dong Nai has … [Read more...] about Southeast region targets sustainable foreign investment

The Hanoitimes - The government is offering foreign investors opportunities to participate directly and indirectly in the petrol and fuel industry to improve the competitiveness and performance of domestic petrol firms. State capital divestment in oil and gas distribution in Vietnam offers plenty of opportunities for foreign investors to join in the industry, economic experts said.   Japan’s Idemitsu Q8 is the first foreign-owned petrol retailer in Vietnam Royal Dutch Shell PLC has recently expressed its interest in becoming the liquefied natural gas 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). During a recent meeting with PetroVietnam, Shell’s deputy chairman Douglas Buckley said that the company wants to buy the stake that PetroVietnam will divest from PV Oil. The company also enquires after the criteria of … [Read more...] about Foreign investors look to enter Vietnam’s petroleum market

The Hanoitimes - Cities and provinces in Vietnam are developing plans to become smart cities, thus bringing in huge opportunities for multinational corporations. A new foreign investment trend is emerging in Vietnam, in which global leading technology groups are entering the country driven by its innovation policy.      Ericsson will establish an IoT innovation hub in Hanoi in 2019 According to Nguyen Mai, chairman of the Vietnam Association of Foreign-Invested Enterprises, besides FDI and M&A channels, Vietnam is having opportunities to receive a new foreign investment inflow called the new economy model, meaning cross-border investment without capital contribution to Vietnamese partners. According to experts, Vietnam is quickly drafting its national strategy to catch up with the Fourth Industrial Revolution and the rapid development of new technologies, driven by its vision of stimulating inclusive socio-economic development through science and technology. … [Read more...] about Vietnam sees new wave of investment flows focusing on technologies

The Hanoitimes - The company has yet to succeed in selling stake to strategic investors. PetroVietnam Oil (PV Oil)’s recent proposal for a large-scale state capital divestment would be a potential investment opportunity in the market, stated Bao Viet Securities Company (BVSC).    Illustrative photo. According to the divestment plan approved by Prime Minister Nguyen Xuan Phuc, state-run energy giant Vietnam National Oil and Gas Group (PVN) will own 35.1% of PV Oil’s charter capital, 20% of chartered capital to be placed in public auction and sell 44.72% of charter capital to strategic investors.  So far, PV Oil, Vietnam’s second largest petroleum distributor, has offered to sell 20% of its charter capital as prescribed in the initial public offering (IPO) for VND4.1 trillion (US$184 million) in proceeds, exceeding the government target of raising at least US$122 million. However, the company has yet to sell 45% of stake to strategic … [Read more...] about PV Oil proposal of large-scale state capital divestment proves attractive: Brokerage