Fdi

Among projects licensed in the ten-month period were a smart city in Hai Boi commune, Hanoi’s outskirts district of Dong Anh, worth 4.14 billion USD sourced from Japan, a Polypropylene plant and a liquefied petroleum gas underground storage space in the southern province of Ba Ria-Vung Tau, with total investment capital amounting to 1.2 billion USD by the Republic of Korea. … [Read more...] about Vietnam’s FDI inflow up in ten months

ITL will play a central in this area by leading the development of this new offering for Vietnam together with the industry leaders, customers, partners, local agencies and our own asset development. We will focus on this development not only on Air but also on Sea transport as well. This has a significant opportunity for the domestic and regional market by not only creating new revenue for Vietnam but equally allowing this volume to move closer to such an important center of gravity as an exporting and even importing market. … [Read more...] about Our vision is to be ‘National Champion’ in the logistics industry in Vietnam

Hanoi (VNS/VNA) - The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels. The Vietnam E-commerce and Digital Economy Agency (IDEA) forecasts that the Vietnamese e-commerce market will reach 10 billion USD this year. The agency also estimated that delivery services would record a revenue growth of 30-40 percent, with the market growing 20 percent and large companies taking a bigger share. In a Google-Temasek report on e-commerce in ASEAN countries, the Vietnamese e-commerce market is estimated to increase from 4.6 billion USD last year to 23 billion USD by 2025. The strong growth of e-commerce is beneficial for other supporting industries, such as logistics and e-payment services. However, the competition in the delivery industry is high as new competitors entered the market in the 2018-19 period, such as Grab Express. The European Union − Vietnam Free Trade Agreement (EVFTA) is expected to take effect … [Read more...] about Delivery services to grow 30-40 percent in 2020

HCM City (VNA) - A conference was held in Ho Chi Minh City on September 13 to discuss the growing market opportunities for the city’s supporting industries. Pham Lien Anh, a senior expert of the International Finance Corporation (IFC), said the IFC has been sponsoring a Vietnam Supplier Development Programme, which is helping businesses improve their capability, move up the value chain and work with more foreign and multinational companies. The programme was launched to keep existing FDI and attract new investors who have modern technology, and provides a comprehensive evaluation of participating businesses' operation and consultancy, she said. Ngo Bao Anh, a representative of Panasonic Vietnam, said the company exports components from Vietnamese suppliers to its factories abroad, adding that it focuses on competitive suppliers who meet corporate responsibility requirements. Jun Choi, country director of Coex, a Korean exhibition organiser, said there are numerous … [Read more...] about Opportunities for HCM City’s supporting industries discussed