While putting up efforts to attract new foreign-invested projects, Nguyen Thu Trang, director of the WTO Center and Integration under the Vietnam Chamber of Commerce and Industry (VCCI), said Vietnam should pay attention to the quality of the FDI and the risks of local enterprises being acquired at cheap prices. … [Read more...] about Vietnam needs more efforts to lure new FDI wave
Petri Deryng, the company’s portfolio manager, said in a statement that "an ownership tussle" in the company opened a window of opportunity for a sell out. The deal was worth EUR 3.6 million ($3.9 million), which was a slight loss, he said. … [Read more...] about Foreign investors divest en masse from Vietnam’s largest car dealership
Meanwhile, John Rockhold, chairman of the Vietnam Business Forum’s Power and Energy Working Group, pointed out that many local businesses have registered renewable energy projects and then find a way to sell to others because local authorities do not get the necessary data to carefully and impartially appraise project proposals, with no specific standard criteria to assess the capacity of the investor including experience, financial and technical capacity. … [Read more...] about FiT revamp vulnerable to speculation
Sendo’s strategy is rural-centric while Tiki targets the urban area. The combination is expected to help the two sides focus on the market more comprehensively, according to local insiders. The merger could also help them to raise more funds in the future. … [Read more...] about Will Vietnamese e-commerce platforms Tiki and Sendo soon merge?
Hoang Trung, Director of the Plant Protection Department under the Ministry of Agriculture and Rural Development, said Hai Duong has implemented many solutions for several years to receive export licences for its lychees, especially strict markets like Japan, Australia, and the US. Besides that, in the context of the COVID-19 pandemic, the Government has implemented many solutions on policies and procedures to facilitate lychee exports this year. … [Read more...] about BUSINESS NEWS HEADLINES MAY 29