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Commodity trader Bunge Ltd (BG.N) will sell half its stake in oilseed crushing operations in Vietnam to Singapore’s Wilmar International Ltd (WLIL.SI), the world’s largest palm oil processor and one of the biggest soybean buyers, in an effort to integrate operations in a fast-growing market.
The 14th International Precision Engineering, Machine Tools and Metalworking Exhibition, MTA Việt Nam 2016, opened yesterday in HCM City to showcase the latest technologies and equipment in the industry.
Experts have urged the State to sell 20 of its businesses, saying that the State budget would have $10 billion from the sale.
Foreign capital inflow to Vietnam, especially to the mechanical engineering industry is expected to surge in the upcoming times.
Foreign investors are increasing their search for biomass power projects in Vietnam, a development encouraged by the country’s recent feed-in tariff system.
Vietnamese businesses have invested 7 million USD in approximately 40 projects in Japan, as heard at a conference held on July 5 to further promote the investment.
Saudi Arabian Oil Company (Saudi Aramco) has decided to withdraw from the development of the $22 billion Victory Nhon Hoi refinery and petrochemical complex in the south-central coastal province of Binh Dinh, along with Thailand’s largest energy company PTT Public Company Limited (PTT), according...
The Ministry of Finance will push ahead with improving financial institutions in the years to come to realise the country’s socio-economic development plan in 2016-2020, Minister Dinh Tien Dung said in an interview with the Vietnam News Agency.
German ASEAN Power and Marquardt Group are planning to develop costly projects in the central city of Danang to tap into the local improved business climate.
Vietnam’s economy slowed in the first half of 2016, threatening to stifle the annual GDP growth of the country which was set to hit 6.7 percent by the government this year, according to head of the General Statistics Office of Vietnam (GSO) Nguyen Bich Lam.
Britain’s recent exit from the European Union (EU) could more or less affect trade activities between Vietnamese businesses and partners from the UK and EU in the future, experts have commented.
While joining the ASEAN Economic Community and the Trans-Pacific Partnership is expected to bring better opportunities for Vietnam including creating jobs and driving economic growth, it will also bring challenges in terms of increasing competition in business and human resource areas.
