The Vietnam’s beverage sector continues to attract foreign investors despite the slowdown in investment on the back of the global financial crisis, according to the website www.companiesandmarkets.com In the latest report on food and drink in Vietnam on March 5, the website which provides information on market research, said that Vietnam’s beer market is growing in line with its rapid economic development. Despite fierce competition, foreign investors continue to expand investment in Vietnam because it is considered to be one the world’s highest growth potential beer markets fuelled by economic expansion and a growing tourism sector. The report said that brewers already in the market will continue to ramp up investment to secure a strong foothold when competition is set to increase as the market continues to open up to foreign investors. … [Read more...] about Beverage sector attracts foreign investors
Attracting foreign investors
Will transport projects in Vietnam attract foreign investors?
VietNamNet Bridge - The Ministry of Transport (MOT) has said that transport projects could be sold to foreign investors, but analysts believe the ministry is being "too optimistic". Analysts noted that selling highway projects is similar to selling the rights to collect tolls from vehicles' owners, which MOT began applying in 2005. Since 2009, fees have been collected at three toll stations - Hoang Mai (Nghe An province, 1A Highway), Ban Thach (Phu Yen Province, 1A Highway) and Bai Chay Bridge. The toll collection was sold to a private business. In early 2014, another deal was made, under which the Cuu Long Transport Infrastructure Project Development and Management Corporation, a business under MOT, sold the right to collect fees to Yen Khanh Trade & Service Company on the Saigon - Trung Luong Highway for five years. The deal was worth VND5 trillion. However, an MOT official noted that it was difficult to look for local buyers because of their limited financial … [Read more...] about Will transport projects in Vietnam attract foreign investors?
Happyland project attracts foreign investors
Happyland project attracts foreign investors By Quoc Hung - The Saigon Times Daily HCMC – Khang Thong Group, the developer of the project Happyland Vietnam Entertainment Complex in Ben Luc District, Long An Province, last Friday signed agreements with partners from Britain, the U.S. and Germany to develop many facilities in the theme park. Accordingly, the UK-based Hyder Consulting Co., Ltd will design the project’s landscapes, while the U.S.-Vietnam joint venture Biscayne KT Vietnam Co., Ltd will consult and design water-based entertainment items. At the signing ceremony, Phu An Construction Investment and Infrastructure Development Joint-Stock Co., (Indeco), a subsidiary of Khang Thong Group, also signed a deal with Peter Eliades, the founder of Las Vegas-based Yellow Checker Taxi Service, to develop 10,000 apartments in Happyland’s premises. According to Khang Thong Group, apart from the condos scheme, the U.S. billionaire, who owns a number of companies such as … [Read more...] about Happyland project attracts foreign investors
VN education attracts foreign investors
The ever-increasing demand for high quality education in Vietnam has attracted many foreign investors to the sector. When he visited Da Nang in 2003 with his family, after looking around the city and taking in the sights of nearby Hoi An and Hue, Mr. Ricky Tan, Chairman of the KinderWorld Education Group, and his wife were surprised by the lack of investment in Da Nang given its proximity to the two beautiful cities. With its own stunning coastline, they agreed there would be tremendous potential in the city over the next five to ten years. In 2006, at the invitation of city authorities, KinderWorld’s first campus at Le Loi Street in the heart of the city was opened, to cater to the growing international community and Vietnamese middle-class. After further researching the potential of and demand in the city, KinderWorld decided to set up the Pegasus International College. On May 22 it celebrated the opening of Phase 1 of the Pegasus Education Complex, which consists of the … [Read more...] about VN education attracts foreign investors
New ownership cap in local banks too restrictive to attract foreign investors
Vietnam's new plan to raise the ownership limit for foreign investors in local banks in order to boost restructuring of the troubled banking system might not work because the planned expansion is not attractive enough, experts say. However, some experts are in fact against the idea of allowing large stakes in local banks because it opens the door for a complete takeover, which would be "very dangerous" and ill-advised. According to the new draft decree prepared by the State Bank of Vietnam, the prime minister can let foreign investors own more than a 30 percent stake in a local "weak" bank on a case by case basis. The draft neither defines "weak" nor mentions an upper limit, and the central bank has not said when the decree would take effect. Economist Le Tham Duong said regulation was "reasonable," despite the absence of an upper limit, because it means the PM could allow, at his discretion, up to 100 percent ownership of a bank. The absence of an upper limit would help attract … [Read more...] about New ownership cap in local banks too restrictive to attract foreign investors