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South Korea has become Vietnam’s largest foreign investor, Vietnamese Deputy Minister of Planning and Investment Nguyen The Phuong said at a bilateral investment conference in Hanoi.
Investments overseas by Vietnamese enterprises are increasing in number, not only by State corporations but also by the country’s private sector. More and more Vietnamese giants are expanding to other countries and promoting Vietnamese brands.
Vietnamese businesses still have a low share of just about 10 per cent in Samsung Electronics’ production chain in Viet Nam. The main reason for this is the limited ability of local firms to ensure quantity, quality and competitive prices for Samsung.
The Century Synthetic Fibre Corporation has been licensed to build a US$90-million fibre plant in the southern Tay Ninh Province’s Trang Bang District, Nhip Cau Dau Tu online newspaper reported.
The municipal administration is considering borrowing nearly US$900 million from the Asian Development Bank for building four new wastewater treatment plants.
The authorities of the central province of Thanh Hoa are committed to helping Canada’s Naanovo Energy Inc. resolve all the issues the company encounters in the process of preparing for the construction of its $101.6 million waste to energy project.
Private enterprises say they need further policy incentives and simpler legal documentation in order to invest in research and transfer of agricultural technologies.
...Vietnam Singapore Industrial Park JV Co., Ltd. (VSIP JV) has recently stimulated growth in Vietnam by establishing VISP Nghe An and finding its first tenant for VSIP Hai Duong.
As of June 20, Japan had invested US$37.7 billion in 2,661 projects in Vietnam, statistics from the Foreign Investment Department show.
The Vietnamese economy is facing three major challenges, including a slump in agricultural growth, the Minister of Planning and Investment, Bui Quang Vinh, said after a meeting with the Interministerial Steering Committee in June 2015.
The Trans-Pacific Partnership (TPP) deal is expected to bring great opportunities to Vietnam, connecting the country with Mexico and other member countries, Vietnamese Ambassador Le Linh Lan told the Asia-Pacific Foreign Trade Forum recently held in the central Mexican state of Queretaro.
