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The management board of the Saigon High Tech Park (SHTP) on Wednesday handed investment certificates to two new projects in the park with total pledges of nearly US$20 million.
Beverage company PepsiCo Vietnam and Japan’s Suntory Holdings Limited announced an agreement to form a strategic alliance this month.
The local authorities in the south have been gearing up with the infrastructure and industrial zone projects so as to get ready to receive the new investment wave from Japan.
Viet Kieu (overseas Vietnamese) have set up 3500 businesses in Vietnam which have the total investment capital of eight billion dollars. However, the capital they have invested in Vietnam is just a small part of their financial capability.
Vietnam is emerging as a new destination in Southeast Asia for information technology (IT) outsourcing and research and development (R&D) projects, says CB Richard Ellis (CBRE) Vietnam.
Increasing direct investment from Germany to Vietnam is flagging that the Asian country is becoming the promised land for many German companies.
Recent visits to Viet Nam by foreign business delegations have signaled the warming of the FDI inflow amid domestic economic hardship.
Vietnam has outpaced Thailand to become the world’s biggest rice exporter in terms of volume with nearly 6.5 million tons having been shipped abroad, but the rice export value still trails Thailand’s due to the lower price.
HCMC will use 30 hectares to develop a central square and a riverside park in the Thu Thiem new urban area, according to the detailed 1/500 scale planning for the area approved on last Monday.
Business confidence and outlook among European businesses in Vietnam continues to drop, according to the latest survey of the European Chamber of Commerce and Industry (EuroCham).
