INVESTMENT

The Hanoitimes - The Ministry of Planning and Investment (MPI) proposed to set an investment capital threshold for PPP projects at VND200 billion (US$8.56 million). PPPs must be a win-win exercise for all stakeholders: WB director Fine-tuned PPP rules needed to lure foreign investment in transport Vietnam to open int'l biddings for 8 North-South expressway sub-projects Vietnam considers PPP an important tool for attracting investment: DPM The Ministry of Planning and Investment (MPI) is under the process of drafting up the investment law on the basis of public-private partnership (PPP), the governmental portal reported.    Illustrative photo. In Vietnam, the Vietnamese government started adopting the PPP model in 1997 with the issuance of decree No.77, stipulating investment regulation under the form of build-operate-transfer (BOT) for domestic investment.  Currently, PPP activities and investors selection process are regulated in decree No.63 and … [Read more...] about Vietnam ministry to finalize investment law on basis of PPP

The Ministry of Transport (MOT) held a conference on May 17 to call for investment in a number of sections of the eastern North-South Expressway. The total costs for these 11 projects are estimated at VND118 trillion (US$5 billion) The conference drew the participation of around 100 domestic investors and 50 foreign investors from Japan, China and the Republic of Korea. MOT Deputy Minister Nguyen Nhat said, in the first stage until 2020, Vietnam plans to build 11 sections of the North-South Expressway with a total length of 654 kilometres traversing 13 provinces and cities. Three sections will be funded by the government budget while the other eight will be built under public-private partnerships (PPP). The total costs for these 11 projects are estimated at VND118 trillion (US$5 billion), of which the government will spend VND55 trillion (US$2.4 billion) on three public investment projects and site clearance for other projects. Deputy Minister Nhat said the MOT is working to … [Read more...] about Vietnam calls for investment in North South Expressway

(VEN) - A delegation of Malaysian automobile businesses recently came to Vietnam to look for investment opportunities. Preferential policies Luong Duc Toan, Deputy Head of the Processing and Manufacturing Office of the Ministry of Industry and Trade’s Industry Agency said Vietnam’s automobile industry has developed quite rapidly over the past two years. In 2018, Vietnam produced and assembled more than 250,000 vehicles, meeting 70 percent of the domestic demand, Toan said. The industry has more than 40 automobile assembly and production enterprises, mostly small and medium sized businesses, he said. According to Toan, the Vietnamese automobile industry has a low local content, and some products with a high local content have a low scientific and technological content. Every year, Vietnam imports more than US$3 billion worth of components and spare parts for automobile assembly and repair. The government of Vietnam has provided major incentives for automobile support … [Read more...] about Malaysians seek auto investment opportunities in Vietnam

The Hanoitimes - SK Group registered to purchase Vingroup’s 154.3 million shares through private placement and others 51.4 million shares from Vingroup’s retail arm VinCommerce. South Korea’s SK Group to invest US$1 billion in Vietnam’s Vingroup: Bloomberg South Korea’s SK Group plans to expand investment operations in Vietnam Vietnam’s Vingroup targets global markets by launching first smartphones Vingroup to launch smartphone under Vsmart brand next week Vingroup to build US$51-million hi-tech production plant in Hanoi South Korea's SK Group becomes Masan's largest foreign shareholder South Korea’s conglomerate SK Group has agreed to buy a 6.1% stake of Vietnam’s largest privately-run Vingroup for US$1 billion to become the latter’s strategic partner, local media reported.    Overview of the signing ceremony. Following the agreement, SK Group registered to purchase Vingroup’s 154.3 million … [Read more...] about S. Korea SK Group invests US$1 billion in Vingroup

The Hanoitimes - Vietnam expects to speed up the privatization process which has been at slow pace over the past years. Progress of SOEs privatization remains far behind schedule Sluggish privatization affects Vietnam’s commitments in new FTAs Vietnamese SOE privatization is 85% below expectation Slow privatization hinders Vietnam from luring more foreign investment The State Bank of Vietnam has issued new regulations to further facilitate foreign investors in taking part in the privatization and divestment of State-owned enterprises (SOEs) in the country.   The state has made a successful IPO of Dung Quat oil refinery. Illustrative photo Under Circular 03/2019/TT-NHNN regulating the use of foreign currencies by foreign investors in Vietnam, effective from May 13 this year, foreign investors will be able to put down deposits and collateral in foreign currencies when participating in auctions to purchase shares in SOEs. Accordingly, the new circular allows … [Read more...] about Vietnam leverages foreign investors in SOE privatization