In the framework of the 31st meeting of the Vietnam - Cuba Intergovernmental Cooperation Commission, the Vietnam Chamber of Commerce and Industry (VCCI) will join hands with the Cuban Embassy in Hanoi to organise a seminar called "the Mariel Economic Development Zone (ZEDM) - New investment opportunities in Cuba" in Hanoi on September 18, 2013. ZEDM is a complex of sizeable projects consisting of the construction of the first economic development zone in Cuba and modernisation of Mariel deepwater port. This is a good investment opportunity for Vietnamese enterprises, particularly those operating in construction, building materials transportation, forwarding, export processing, to access special preferences in tariffs and warehousing systems to make inroads into the Latin American market. Mr Rodrigo Malmierca, Minister of Foreign Trade and Foreign Investment and Co-chair of Vietnam - Cuba Intergovernmental Cooperation Commission, will attend and speak at the seminar. In addition, Cuban … [Read more...] about New Investment Opportunities in Cuba
New investment opportunity
Ascendas ready for new investment opportunities
Singapore-based Ascendas is upbeat about its development potential in Vietnam despite some headwind. "We are hopeful to have more closed deals," said Foong. In May 2012, Ascendas completed the infrastructure for phases 1 and 2 of the 500-hectare Ascendas-Protrade Singapore Tech Park (APSTP), which focuses on developing industry clusters for the electronics, pharmaceutical and food and beverage production, and general industries. Foong said Ascendas could begin building infrastructure works for phases 3 and 4 of the park once there were signs of new demands. Vietnam, he said, was well poised to benefit from the "China+1 or +2" strategy of multinational firms and he had observed a continuous trend of those companies relocating out of China to South East Asia to reduce costs, especially Japanese investors. Foong said the negative impacts from the global economic woes in the past few years had delayed new investment and expansion plans of many companies contacted by … [Read more...] about Ascendas ready for new investment opportunities
Northern Central Region Offers New Investment Opportunities
(VEN) - The Foreign Investment Agency (FIA) said that the northern central region has attracted 243 foreign direct investment (FDI) projects totaling US$19.9 billion in registered capital, accounting for 10 percent all FDI capital attracted by Vietnam so far. FIA director Do Nhat Hoang said that although 243 FDI projects in the northern central region accounted for a small percentage of all 13,000 FDI projects operating throughout Vietnam they represented up to 10 percent of all FDI capital in the country. This revealed that FDI projects in the northern central region in general had a capital larger than that of FDI projects in other regions, he said. However, FDI in the northern central region remained disproportionate with its potential. Consisting of six provinces (Nghe An, Thanh Hoa, Ha Tinh, Quang Binh, Quang Tri, and Thua Thien Hue), the northern central region has the huge potential. Each of the six provinces had its own advantages and potentials. Ha Tinh was a steel industry … [Read more...] about Northern Central Region Offers New Investment Opportunities
Southern tourism triangle offers new investment opportunities
The southern tourism triangle, comprising HCM City and the provinces of Lam Dong and Binh Thuan, has created more investment opportunities as the three areas continue to work together to promote tourism. Ngo Minh Chinh, director of Binh Thuan Province's Department of Culture, Sports and Tourism, said the tourism triangle had led to new agreements among investors to jointly develop tourism products. Last November, the three localities reached an agreement to establish the southern tourism triangle. Binh Thuan Province has 253 tourism projects, with total investment capital of VND37 trillion (US$1.76 billion) from investors in HCM City, while the province has invested in three projects in Lam Dong with a total registered capital of VND80 billion ($3.8 million). The tourism triangle has been promoted at many major events, including the Da Lat Flower Festival and Binh Thuan Whale Worship Festival. HCM City has presided over FAM (familiarization) trips for international … [Read more...] about Southern tourism triangle offers new investment opportunities
New Investment Opportunities with More Listings and Share Sales
Several new companies will list, significantly boosting the supply side of the market. VND thousand billions of par values to list In recent months, SSC has permitted the listing of more than 10 enterprises and the market watchdog also announced their listing debuts. In the upcoming July 11, the bourse will welcome 10.71 million shares (corresponding to VND 107.18 billion in par value) of the Binh Minh Plastics Joint-stock Company (BM Plasco) under the trading code of BMP. BM Plasco is the second company in the plastic industry, after the Da Nang Plastic Joint-stock Company (DPC) to float on the stock market. On July 12, nearly 190 million shares of the Sai Gon Thuong Tin Commercial Joint-stock Bank (Sacombank) are to be traded in the bank's first session on HSTC with the total listing value reaching VND 1,899.5 billion. Meanwhile, the Vinh Son - Song Hinh Hydro Power Joint-stock Company (VSH), after delisting in Ha Noi bourse, will officially list on HSTC this July 18. With 125 … [Read more...] about New Investment Opportunities with More Listings and Share Sales