INVESTMENT

(VEN) - Prime Minister Nguyen Xuan Phuc told participants at a recent conference that while foreign investment plays a pivotal role in Vietnam’s economy and development, most foreign-invested firms still use mid-level technologies and only few global high-tech corporations operate in the country. Prime Minister Nguyen Xuan Phuc speaks at the conference PM Phuc was addressing an October 4 conference entitled, “30 Years of FDI Mobilization in Vietnam: New Vision and Opportunities in New Era” held by the Ministry of Planning and Investment. Employment for millions Minister of Planning and Investment Nguyen Chi Dung said in the three decades since the Law on Foreign Investment took effect, the FDI sector has increasingly proven its pivotal role in the national economy. As of the end of August 2018, Vietnam had attracted 26,500 valid FDI projects with total registered capital of US$334 billion. Of the sum, roughly US$184 billion have been disbursed. FDI has … [Read more...] about PM urges more high tech foreign investment, promises better incentives

The Hanoitimes - Strengthened bilateral ties between the two countries as well as Vietnam’s high economic growth and improved business environment will usher in a new wave of Japanese investment in the South East Asian country, experts said. Many Japanese manufacturers plan to invest in Vietnam In a recent visit to Japan, Prime Minister Nguyen Xuan Phuc met with many big Japanese investors operating in various sectors from infrastructure, property, aviation to finance, banking and retail sales such as All Nippon Airways Co., Ltd, AEON Co Ltd., Mitsubishi UFJ Financial Group, Mitsui and Mitsubishi to discuss their upcoming business and investment plans in Vietnam. At the meeting, Japanese investors said they are planning to pour billions of US dollars in Vietnam, across many sectors. This has been expected to be a new Japanese investment wave in Vietnam in the time to come. AEON Co Ltd., for example, is planning to produce Vietnamese-made products which will be sold at … [Read more...] about Vietnam foresees new wave of Japanese investments

(VEN) - The latest data from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) shows that in the first nine months of this year, Vietnam attracted an additional US$25.37 billion in foreign direct investment (FDI) from 104 countries and territories, representing 99.6 percent of the amount in the same period last year. Vietnam attracted an additional 2,182 FDI projects in the first nine months of 2018 Almost 2,200 new projects In the first nine months of 2018, Vietnam attracted an additional 2,182 FDI projects totaling US$14.1 billion in registered capital, equaling 97 percent of the sum invested during the same period last year. At the same time, 841 existing FDI projects increased their registered capital by US$5.5 billion, 82.1 percent of that in the same period of 2017, while foreign investors bought shares and holdings totaling US$5.7 billion, up 36.8 percent. FIA said the real value of shares bought by foreign investors was likely … [Read more...] about Three quarter FDI reaches US$25.37 billion

The Hanoitimes - VinHomes is GIC`s largest investment to date with the current market value of VND15 trillion (US$639.25 million), followed by Masan with VND6 trillion (US$255.7 million) and Vietjet Air with VND3.7 trillion (US$157.68 million). With investment portfolio of nearly VND30 trillion (US$1.3 billion) in Vietnam, Singapore's sovereign wealth fund GIC is one of the largest investors in the country, along with Dragon Capital, VinaCapital and Korea Investment Management (KIM).   Illustrative photo. On October 5, GIC, through its subsidiary Ardolis Investment, bought roughly half of US-based KKR & Co.'s 4.7% stake worth around US$100 million in Masan, one of the three largest privately-run conglomerates in Vietnam in terms of market capitalization. After the deal, GIC holds a total of 75.7 million shares or a 6.5% stake in Masan. An investment in Masan will join GIC purchases in Vietnam's airlines, banking and real estate industries. GIC Chief Executive … [Read more...] about Singapore’s wealth fund GIC invests nearly US$1.3 billion in Vietnam

The Hanoitimes - With global populations flooding into urban centers amid a technology boom, the pace of investment in the urban-tech sector is unlikely to relent anytime soon. A rapidly growing population in Vietnam’s cities boosts the urban-tech sector Following the global trend, Vietnam’s urban tech sector also received large interest from foreign investors, who have helped tech-driven services like ride-sharing, food delivery apps and co-working to quickly infiltrate the daily lives of the country’s city dwellers. According to Vinay Goel, Chief Digital Product Officer of American services and investment management firm Jones Lang LaSalle (JLL), venture capitalists have been pouring record amounts of investment into the urban tech sector. Global investment in urban tech totaled more than US$75 billion between 2016 and 2018, more than what was spent on traditional sectors like biopharma, according to C.B. Insights. In the United States, 45 percent of all … [Read more...] about Foreign investors make beeline for Vietnam’s urban tech sector