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To further expand business operations in the global market, Japan’s Fuji Xerox Co., Ltd. has established a new manufacturing company—Fuji Xerox Haiphong Co., Ltd.— in the Vietnam Singapore Industrial Park in northern Haiphong port city.
Starbucks Coffee, the well-known coffee brand, will surely be present in the Vietnamese market. The first shop of the chain will be in HCM City, not far away from the New World Hotel in the central district No 1.
SOC Vietnam, a subsidiary of Sumitomo Osaka Cement Group, last Friday opened an anode material plant for lithium-ion batteries in the northern province of Hung Yen with total investment of US$62.5 million.
Formosa Plastics Group last week started building the first blast furnace for its $10 billion steel and seaport complex in central Vietnam, dispelling doubts about its commitment.
Big-name foreign companies such as Adidas, Coca-Cola and PepsiCo are facing scrutiny from local tax authorities on transfer pricing possibility in Vietnam.
According to Deputy Prime Minister Vu Van Ninh, the Government will soon ask the National Assembly to reduce corporate income tax to below 25 percent.
Danish brewer Carlsberg has been given the all clear by Vietnamese authorities to increase its stake in Vietnamese brewer Habeco to 30 percent, a company spokesman told Reuters in Nov 2012.
As an experienced country in wind power development, Denmark was willing to share knowledge and technology with Vietnam and help tap the country’s huge potential for this form of renewable energy, said Danish minister of Climate, Energy and Building Martin Lidegaard.
Emirates Airline is among a growing number of major organisations that have seen the commercial potential of Vietnam, having successfully commenced flights last summer. Now, UAE-based investors are discovering the investment opportunities that the Vietnam capital markets offer.
