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Foreign investors have been acquiring major stakes in financial companies in Vietnam in recent years and the trend is expected to continue in 2017.
As reported by newswire dantri.vn, Coca-Cola Vietnam has just announced that it would more than double its investment in the Coca-Cola project in Hanoi to $580 million.
Wealthy Vietnamese now have a new gift option during Tet holiday – rooster replicas made entirely of bronze, valued at anywhere up to one thousand dollars.
Many foreign-invested companies in Vietnam proposed that the government reduce the frequency of minimum wage increases so they would have time to prepare themselves.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has predicted the country could earn US$7.4 billion from seafood exports this year, up 6% from a year earlier, despite many challenges.
The Vietnamese Government will seek measures to create favourable conditions for Japanese firms to operate in the country, Prime Minister Nguyen Xuan Phuc told President of the Japan Chamber of Commerce and Industry (JCCI) Akio Mimura at their meeting in Hanoi on January 23.
Da Nang has invested VND363 billion (US$16 million) to complete the second-stage infrastructure for the 1,010-hectare Hi-Tech Park in Hoa Vang District, 20km west of the city.
Samsung Display Co has announced that it is contemplating a plan to invest an additional US$2.5 billion to expand its display module assembly line in the northern Vietnam province of Bac Ninh.
Vietnamese firms are mostly optimistic about their business results for 2017, driven by the improved macro-economy coupled with Government efforts to improve the business climate and remove obstacles.
Banks in HCMC are putting on a variety of promotional programs to attract overseas remittances flowing into the city ahead of the Lunar New Year holiday, or Tet, said the news site baohaiquan.vn.
Based on stable economic growth and a considerable number of enquiries from both foreign and domestic investors, experts predict that merger and acquisition activity will reach record highs in 2017.
Long-term Government bonds will remain the focus of the finance ministry in the future to help the Government extend the loan due dates and reduce pressure on paying its debts.
