Attract investment

Hanoi (VNA) - Myanmar attracted investment capital of over 348 million USD from permitted foreign enterprises in the first quarter of the 2020-2021 fiscal year starting October, according to figures of the Directorate of Investment and Company Administration (DICA). In the reviewed quarter of the current fiscal year, the Myanmar Investment Commission (MIC) gave the go-ahead to 23 foreign investment enterprises. During the period, the manufacturing sector attracted most investment capital with over 158 million USD, followed by the hotel and tourism sector with more than 81 million USD and the electricity power sector, over 48 million USD, the DICA figures showed. In the last fiscal year, Myanmar attracted over 5.5 billion USD in investment from 245 permitted foreign enterprises. Singapore, China and Thailand are top leading investors in the Southeast Asian nation. Regionally, the Yangon region attracts 60 percent of the investment from both home and abroad, followed by Mandalay … [Read more...] about Myanmar attracts over 348 million USD in foreign investment in Q1

Hanoi (VNA) – Foreign media have run several articles highlighting Vietnam’s economic success given a struggling world plagued by the COVID-19 pandemic. The Nikkei Asia Review said Vietnam’s production sector has proven its fast and steady recovery. The country’s open market and signing of numerous free trade agreements (FTAs), particularly the EU-Vietnam FTA, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP), are promising great opportunities for growth. The paper said Vietnam stands out for its success in controlling the pandemic. According to the latest Asian Development Outlook released by the Asia Development Bank, Vietnam was estimated to grow over 2 percent last year while Thailand contracted by 7.8 percent. Thanks to its larger market scale and cheaper labour cost, Vietnam surpassed Thailand in terms of foreign direct investment and export value. The Financial … [Read more...] about Vietnam stands firm amid pandemic: international media

Commenting on VP Bank's win, editor of Asian Private Banker, Sebastian Enberg who also chairs the judging panel for the Awards for Distinction said, "VP Bank's patent commitment to Asia's independent asset management community is well evidenced by its continued and meaningful investments in servicing, solutions, and digital capabilities, with the intent of supporting Independent Asset Managers and their clients beyond their traditional banking needs. This dedication is laudable in an industry where IAMs are not typically viewed as a core business priority, let alone partners. And it's yielding results. In 2020 -- and amid challenging conditions -- VP Bank in Asia realised a marked increase in the quality of its IAM relationships, including in North Asia, healthy new asset inflows, and further added to its team of Intermediaries specialists, thereby distinguishing itself in a highly competitive space." … [Read more...] about VP Bank in Singapore Awarded Best Private Bank in Asian Private Banker Awards for Distinction 2020

According to its consolidated financial statement, in the first nine months of 2018, Vitranschart incurred losses in all business lines, producing a loss of VND182 billion ($7.9 million) in the period and amassing VND1.485 trillion ($64.56 million) in total losses. … [Read more...] about Vinalines to cut interest in loss-making Vitranschart to 36 per cent

“Generally, all foreign investors regardless of corporate or financial investors look for the same thing: supporting their investee to grow, adding value and synergies to their portfolio of investments, and strengthening and generating financial returns,” he said. “For most Thai buyers, our general observation is that they do understand the general business practices in an emerging country like Vietnam, as most of their countries underwent the same business trajectory before.” … [Read more...] about Long-term development commitments realised through strategic M&A moves