D economic growth and innovation

Major stocks such as PetroVietnam Gas (GAS), Masan (MSN), Vietjet (VJC), Vietcombank (VCB), Vinhomes (VHM), PetroVietnam Power (POW) and Vingroup (VIC) were among large-cap decliners that were hit by strong selling. … [Read more...] about Economic growth concerns still weigh on local stocks

Quang Tri (VNA) – The construction of My Thuy Port started in the south-east economic zone of the central province of Quang Tri’s Hai Lang district on February 27. The port will be built at a budget of 14.23 trillion VND (608 million USD). Over 2 trillion VND of which came from the investor My Thuy International Port Joint Venture Company, while the remainder from other sources. The 685-ha port will be home to 10 wharves capable of receiving ships of up to 100,000 tonnes. It is expected to significantly contribute to freight transport and economic growth of Quang Tri province. During the first stage from 2018-25, four wharves will be built with an investment of nearly 5 trillion VND. There will be another three constructed at the same cost during the second stage from 2026-31, and the remaining three worth more than 4.3 trillion VND in the third stage from 2032-36. The port will mainly serve the province’s south-east economic zone and industrial zones, as well as … [Read more...] about Construction of My Thuy Port begins in Quang Tri

Major projects include hi-tech agricultural production and eco-tourism in Kon Plông District by a joint venture between Kon Plong Agri – Tourism Việt Nam and Australia’s 4Ways Pty. Ltd., setting up of an international standard organic farm by BIOPAP Ltd,. the Măng Đen Hi-tech Planting Zone by 4Ways, and the VinEco Kon Tum Hi-tech Agricultural Production by Vingroup. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 27

“The startup ecosystem in Vietnam is growing incredibly fast, and tech clusters are also expanding geographically. We are proud to be part of this growth story and actively contributing to it, whether it's through our R&D centre in Ho Chi Minh City, investing in partnerships with local startups like Moca, or enabling millions of people in Vietnam to have greater access to digital services,” said Nguyen Thai Hai Van, managing director of Grab Vietnam. … [Read more...] about Grab Ventures Ignite programme launches to support local startups

This has been illustrated by the country becoming Vietnam’s second-largest foreign investor last year, involved in nearly 4,400 projects worth almost $60 billion. Sumitomo, Honda, Toyota, Canon, and Panasonic all have a substantial foothold in the country. Vietnam also has the distinction of being named the most promising destination for investment in Asia this year, according to a survey carried out by media group NNA Japan Co., Ltd and revealed last month. In the survey, over 42 per cent of the 820 respondents selected Vietnam as a top investment location, citing factors such as growth potential and supply of skilled and low-cost labour. India was second at just over 12 per cent, with Myanmar third on 11.6 per cent and Indonesia fourth at 6.6 per cent. … [Read more...] about Bright spots for FDI inflows in Vietnam in 2020