Phu Tho efforts to mobilize resources to invest in infrastructure have paid off (Source: phutho.gov.vn) Phu Tho (VNA) – The efforts of Phu Tho province to mobilize all resources to invest in infrastructure have paid off, with the flow of both domestic and foreign investment in the northern mountainous province increasing remarkably. In the past, many investors came to Phu Tho with the intention of doing business, but they were deterred by the poor transport and industrial infrastructure. Aware of the problem, the province has tried a new approach which is to mobilize funding from other sources rather than from the limited local budget and falling public investment to build infrastructure. During just nearly three years, Phu Tho has mobilized nearly 27.8 trillion VND (nearly 1.2 billion USD) for 94 projects, which brought about striking changes in the local transport and urban infrastructure. Some remarkable examples are the Viet Tri – Ba Vi (Van Lang) Bridge … [Read more...] about Investment in infrastructure helps Phu Tho attract investors
Attracting investors
Dak Lak’s wind power potential attracts investors
Wind turbines in the south central province of Ninh Thuan (Photo: VNA) Dak Lak (VNA) – Tens of Vietnamese and foreign investors are asking for permission to survey the wind power potential in the Central Highlands province of Dak Lak to build wind power plants here, according to a local official. Director of the provincial Department of Industry and Trade Pham Thai said since the beginning of 2018, 11 investors have asked for permission to make surveys for 25 projects. They have examined possible locations for wind turbines of five of those projects. Some other projects have also been suggested, he noted. Thai said Dak Lak currently houses one wind power project which is under construction and expected to complete the first phase in the fourth quarter of this year. The plant in the rural commune of Dlie Yang, Ea H’leo district, is being built with an investment of over 13 trillion VND (558.9 million USD) by the HBRE Wind Power Solution company. Once fully … [Read more...] about Dak Lak’s wind power potential attracts investors
Vinalines fails to attract investors to IPO
State-owned shipping giant Vinalines sold 5.44 million shares at its initial public offering (IPO) on September 5, only 1.1 per cent of the nearly 490 million shares offered for sale. Vinalines only managed to sell 1.1 per cent of the shares offered at its IPO The Hanoi Stock Exchange has announced the results of Vinalines' IPO, which attracted 42 investors who registered to buy nearly 5.44 million shares for over VND54 billion ($2.39 million), equal to 0.38 per cent of the corporation’s charter capital. Vinalines planned to sell 490 million shares, or 34.8 per cent, at the IPO. The starting price was VND10,000 ($0.44) per share. The highest winning bid was VND13,000 ($0.57). Vinalines is planning to operate as a joint stock company by late 2018 or early 2019. Its shares will be listed on the UPCoM market within 90 days of September 5. The poor results of the IPO were forecast by industry insiders after the collapse of a strategic stake sale, blaming the unfavourable … [Read more...] about Vinalines fails to attract investors to IPO
Kien Giang attracts investors to 68 projects
Kien Giang attracts investors to 68 projectsThe Saigon Times Daily The Mekong Delta province of Kien Giang held an investment promotion forum in HCMC on August 13 – PHOTO: VGP HCMC – The Mekong Delta province of Kien Giang has called on investors to develop 68 projects in the key fields of hi-tech agriculture, produce-processing, water supply and wastewater treatment, the government news website reported. The Provincial People’s Committee held an investment promotion forum in HCMC on August 13, aimed at introducing the province’s potential and competitive edge, as well as its investment incentives. The province’s vice chairwoman, Le Thi Minh Phung, told the participants that local economic growth has been relatively high in recent years. In 2017, Kien Giang's gross regional domestic product (GRDP) value was estimated at VND57.5 trillion (US$2.4 billion), and the province’s economic growth rate hit 7.39%, while its income per capita averaged … [Read more...] about Kien Giang attracts investors to 68 projects
Clean water supply industry attracts investors
VietNamNet Bridge - With stable profit margins and steady growth, the clean water sector is attractive to both domestic and foreign investors. Water supply industry attracts investors As a newcomer in the water supply market, Dong Nai Plastics (DNP) has revenue of VND70 billion in 2017 and net profit of VND5 billion. With stable profit margins and steady growth, the clean water sector is attractive to both domestic and foreign investors. DNP was the first private institution that IFC provided a loan worth $24 million to support its investment in the clean water industry. RELATED NEWS Hanoi aims to supply clean water to all by 2020 Japan helps build saline water control system in Ben Tre Chi Nam … [Read more...] about Clean water supply industry attracts investors
IZs in Hai Duong Province attract investors
(VEN) - Although they are newer than those in many other provinces and cities nationwide, industrial zones (IZs) in Hai Duong Province have developed rapidly and contributed significantly to the locality’s socioeconomic development. They have attracted large-scale projects using modern technologies to create products with high added value. Billions of US dollars On May 13, 2003, the prime minister issued a decision on the establishment of the Hai Duong Industrial Zones Authority (HIZA) under the provincial people’s committee to manage local IZs at a state level. At that time, Hai Duong had only three IZs with total area of 320ha. So far, the prime minister has approved plans for 18 IZs in the province, 10 of which have been built and put into operation. Local IZs have attracted more than 245 projects with total investment of US$4.3 billion, including 192 foreign direct investment (FDI) projects with total registered capital of nearly US$3.88 billion. More than … [Read more...] about IZs in Hai Duong Province attract investors
Ba Ria – Vung Tau attracts investors in IPs
The southern province of Ba Ria – Vung Tau is taking measures to attract investors to local industrial parks (IPs). Manufacturing cable and power lines at Dongjin Global Ltd company in Dat Do 1 industrial zone, Dat Do district - Photo: baobariavungtau The locality is home to 15 IPs, including nine operational parks with an average occupancy of over 47 percent. Theo VNA … [Read more...] about Ba Ria – Vung Tau attracts investors in IPs
Tiki.vn attracts investors despite $26 million in accumulated losses
A prominent case in instance is that of Tiki.vn, a popular e-commerce platform in the country. Tiki Jsc. (Tiki) started off as an online book store in 2010 before venturing into e-commerce. Just six years later, the firm was valued at $45 million, following domestic tech firm VNG injecting some $17 million in a 38 percent stake acquisition deal. However, at the end of that year, 2016, Tiki’s financial statement showed accumulated losses of nearly VND308 billion ($13.39 million). Tiki had posted revenues of nearly VND62.4 billion ($2.71 million) in 2016, a six-fold increase over 2015. However, this was accompanied by a loss of around VND179 billion ($7.78 million) because of high operational costs. In its annual report for 2017, VNG showed Tiki making a loss of VND282 billion ($12.26 million) for the year, raising its aggregate losses to VND590 billion ($25.65 million). Despite its losses, Tiki has remained attractive to investors as a leading brand in the … [Read more...] about Tiki.vn attracts investors despite $26 million in accumulated losses
Tiền Giang to press on with efforts to attract investors
Tiền Giang Province has vowed to make itself a magnet for investors. – VNA/VNS Photo Vũ SinhViet Nam News TIỀN GIANG – The Tiền Giang People’s Committee has said it will continue with its efforts to make the province more attractive for investors and seek to attract more investments. Lê Văn Nghĩa, its deputy chairman, said this year the province has attracted investments of VNĐ7 trillion (US$307 million), 4.47 times higher than the amount last year, in 18 new projects. Three existing investors brought in an additional VNĐ212 billion ($9.3 million) this year. The People’s Committee has instructed relevant authorities to study the strengths, resources and goals of each region in the province to identify suitable investment projects for them. Promotional plans are then made to attract investors, creating jobs, increasing exports and ensuring economic development. To become more investor-friendly, the province … [Read more...] about Tiền Giang to press on with efforts to attract investors
Q2 earnings, high dividend will attract investors
Viet Nam News HÀ NỘI — Listed companies with positive second-quarter earning prospects, as well as high dividend payment, are likely to attract investors in the future, after the effect of the Q1 result has cooled. In the latter half of April, over 20 companies will finalise the lists of shareholders for cash dividend payout at the rate of 5 per cent to 35 per cent. Many companies have seen their share prices soar in recent sessions. Vnsteel – Vicasa Joint Stock Company, which trades shares on the Unlisted Public Company Market (UPCoM) under the code VCA, will pay cash dividend at a rate of 30 per cent on May 15. After the dividend announcement, the shares climbed over 20 per cent from VNĐ16,400 per share on April 11 to VNĐ20,000 (US$0.88) per share on April 16 before falling to nearly VNĐ19,000 by the end of last week. The steel shares were also among the most active stocks on the market thanks to a surge in demand. The increase of cash … [Read more...] about Q2 earnings, high dividend will attract investors