Khanh Hoa attracts big projects in sea tourism and service sector
HCMC – The south-central coastal province of Khanh Hoa has issued investment certificates and decisions on investment increases for projects with total pledged capital of over VND31,200 billion, reported the local media. At a conference to announce the master plan and investment promotion of Khanh
Global minimum tax rate to impact FDI firms in Vietnam
HCMC – At least 1,015 foreign direct investment (FDI) enterprises will be affected by the global minimum corporate tax when this policy comes into force early next year. The issue was raised at a talk on the global minimum corporate tax – prospects and challenges in FDI attraction in HCMC held on
New FDI approvals plunge in Q1
HCMC – Although the number of new FDI projects approved in the first quarter this year grew over the same period in 2022, their capital pledges edged down. Fresh foreign direct investments (FDI) in Vietnam, including newly registered capital, capital increases by operational projects, and capital
VSIP works with nine provinces to develop smart industrial parks
HCMC – Vietnam Singapore Industrial Park J.V. Co. (VSIP) signed memorandums of understanding (MOU) with nine provinces in Vietnam to develop smart and sustainable industrial parks at a ceremony held in Binh Duong Province this morning, March 25. The deals were part of a broader MOU between Becamex
USABC Chairman: U.S. firms eye long-term investment in Vietnam
HCMC – The US-ASEAN Business Council (USABC), during its visit to the country, presented initiatives and new business opportunities for Vietnam to Prime Minister Pham Minh Chinh, with long-term investment commitments. According to the Vietnam News Agency, Prime Minister Pham Minh Chinh met with
HCMC orders speedier public investment disbursement
HCMC – HCMC Chairman Phan Van Mai has issued an urgent dispatch urging municipal departments and agencies to speed up the disbursement of public investment capital as the city’s disbursement rate has reached a mere 0.52% of the total planned for all of 2023 by the prime minister. As of February
Work starts on largest fruit processing plant in Daklak
HCMC – The Central Highlands province of Daklak has broken ground on a 10-hectare fruit processing facility, the largest of its kind in the province. Chanh Thu Fruit Import-Export Group JSC is the investor of the VND480-billion project, which is located in Ea Drong Commune in Cu M’gar District,
HCMC calls for Singapore investment in major projects
HCMC – HCMC called on Singaporean investors to invest in the city’s priority projects such as HCMC – Moc Bai Expressway, Beltway No. 4, and Metro line 3A-3B-4, reported the local media. At a conference on investment and trade opportunities for Vietnam and Singapore enterprises held by the HCMC
Chinese firm to pour US$2.5 billion into Thai Nguyen
HCMC – China’s Sunny Group is planning to invest US$2.5 billion in an industrial project in the northern province of Thai Nguyen. At the Vietnamese Government’s Office on March 8, Thai Nguyen Province and Sunny Group signed a memorandum of understanding to develop an industrial center at the Yen
Vietnam remains key destination for Singaporean investors
HCMC – Numerous Singaporean firms are doing business in Vietnam while many others are sounding out investment opportunities as the country has remained a popular destination for Singaporean investors, heard a conference in HCMC today, March 9. These firms are keen on the infrastructure,
Vinamilk, Sojitz start work on beef cattle farming and processing complex
HCMC – Vinamilk and Sojitz have begun work on a VND3-trillion beef cattle farming and processing complex in Tam Dao, Vinh Phuc Province, scheduled to be put into operation next year. Vinamilk and Japan’s Sojitz Corporation held the groundbreaking ceremony of the 75.6-hectare Vinabeef Tam Dao
New foreign investment approvals soar in HCMC in Jan-Feb
HCMC – Fresh foreign direct investment approvals in HCMC in the first two months of 2023 totaled US$332.3 million, up 43.1% year-on-year, showed data from the HCMC Statistics Office. During the two-month period, 101 projects were approved from the city, with total registered capital of US$97.7