Investor seeking investment project

Components for gas stoves are manufactured by workers of the Japan-invested Paloma Vietnam Co in Hải Phòng City. — VNA/VNS Photo Danh Lam HÀ NỘI — Foreign investors poured US$5.46 billion into Việt Nam in the first two months of this year, a year-on-year decrease of 15.6 per cent, according to the Foreign Investment Agency (FIA). Up to 126 new projects were granted investment licences during the period, down 75 per cent year-on-year while the registered capital topped $3.31 billion, plunging 34 per cent compared to the same period last year which saw the $4 billion Bạc Liêu LNG-to-power project from Singapore licensed. However, if the project was excluded, total investment this month would be 83 per cent higher than last year, the FIA said. It added 115 existing projects were allowed to add capital totaling $1.62 billion, representing a yearly slump of 24 per cent in the number of projects but 2.5 times higher in level of capital. Meanwhile, capital contributions … [Read more...] about Foreign investment tops $5.46b in Jan-Feb

The Hanoitimes - Japanese investors are looking to tap into this lucrative segment. Industrial is the hottest real estate segment in Vietnam as the country is establishing itself as an industrial hub for Southeast Asia, global real estate and investment management firm JLL has said. Both investors and manufacturers eye Vietnam's industrial property Buoyed by the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) in August 2020 and by stable fundamentals, Vietnam has received strong interest from both investors and manufacturers for industrial properties, commented Khanh Nguyen, Senior Director, Capital Markets, JLL Vietnam. In a latest move, Taiwan-based Pegatron, manufacturing partner of the world’s major tech firms such as Microsoft, Apple or Sony, has plans to invest US$1 billion to build a manufacturing complex at Nam Dinh Vu industrial park in the northern city of Haiphong, according to a report from Ministry of Planning and Investment. … [Read more...] about Vietnam’s industrial property draws strong interest from investors, manufacturers

Low disbursement rate The important project of building urban railway line No.3 connecting Nhon and Hanoi Station (with a total length of 12.5km and an investment of VND32.9 trillion) is facing slow progress with only 43% of investment disbursed. Investment capital in railway line No.2 connecting Nam Thang Long and Tran Hung Dao also cannot be disbursed in time in 2020 due to project adjustments after the Law on Public Investment was enacted. The Yen Xa wastewater treatment plant project started in October 2016 with investment of over VND16 trillion but only 40% of construction items has been completed. These are key public investment projects in Hanoi that are stagnant, with low disbursement rates. In addition, there are a number of other sluggish projects such as 11 projects to build police headquarters at district, commune and ward levels with a total investment of VND237 billion and only 40% of capital disbursed as well as the project to build the Le Van Luong - Belt road … [Read more...] about Hanoi strives to accelerate disbursement of public investment

Such figures confirm Binh Duong’s status as an attractive destination for foreign investors, second only to neighbouring Ho Chi Minh City. According to the provincial investment department, Binh Duong is currently home to 3,780 active foreign-invested projects with total pledges at US$34.33 billion, accounting for 9.48% of total foreign investment in Vietnam. The province has seen investors from 65 countries and territories with Japan being the largest investor, with US$5.61 billion in over 300 projects. Foreign-invested projects in Binh Duong are mainly in the manufacturing sector. According to Binh Duong Chairman Tran Thanh Liem, what makes the province appealing to foreign investors is a conducive investment climate brought about by aggressive policy reforms. Looking toward the future, the province continues to see foreign investment as an important driver but will give priority to environmentally friendly, high-tech and less labour-intensive projects. … [Read more...] about Binh Duong meets foreign investment target ahead of schedule

The Hanoitimes - LNG is believed to be a major source in Vietnam's power mix capacity of roughly 130 GW by 2030. Vietnam has drafted a new master power development plan in which liquefied natural gas (LNG) will be a major source of energy for the country with two-digit annual energy demand growth by 2030. LNG is a major source in Vietnam's power mix energy by 2030. Photo: PV GAS Vietnam's Institute of Energy has compiled a list of 22 LNG power plants with the first to be operational by 2023. To make the goal achievable, Vietnam has planned to develop infrastructure capable of importing 8 billion cubic meters (cu.m) of LNG a year by 2030, including LNG from the US that has a widening trade imbalance with Vietnam. The following proposed LNG projects in Vietnam will provide an overview on the country’s LNG landscape in the future, Reuters has reported. 1/ Thi Vai LNG Terminal & Nhon Trach 3, 4 Power Plants is located in the southern province of Ba … [Read more...] about Overview on Vietnam LNG projects