Mary Tarnowka, executive director of the American Chamber of Commerce in Ho Chi Minh City and Danang What are the prospects of investment from the United States into Vietnam under the next administration? Vietnam continues to be a very attractive destination for US investment for a number of reasons. It is a bit early to say what specific policies the new administration would undertake and how it would affect trade policy in Asia and the Indo-Pacific region, specifically with Vietnam. There will be a continuing interest in free and fair trade focusing on removing barriers to trade and investment. … [Read more...] about Continuing to provide advantages for US investors
Hanoi (VNA) – The Government welcomes and will create optimal conditions for venture investors to operate in Vietnam, stated Deputy Prime Minister Vu Duc Dam at the second Vietnam Venture Summit 2020 (VVS) in Hanoi on November 25. The official noted that after a year with strong rise in the funding of startup in Vietnam at 800 million USD in 2019, this year the funding is likely to reach only 200 million USD. However, the startup community of Vietnam has seen progress as many startups have been placed in the same position with their foreign peers in providing services in many areas such as transportation and e-commerce, he said. Citing Vietnam’s success in controlling the COVID-19 pandemic with a modest healthcare system and technology, Dam questioned the startup community on their willingness and capacity to do the same. He held that many startups, despite their lower technology compared to their foreign rivals, have managed to rise to the world by becoming more … [Read more...] about Optimal conditions given to venture investors: Deputy PM
Noted advantages such as a relatively efficient and stable governing structure, regulatory and some cultural familiarity for companies accustomed to doing business in China, highly competitive labor costs, business-friendly tax profile along with generous incentives, and proximity to pre-existing Asian supply chains all recommended Vietnam for foreign investors. These advantages have coupled with significant developments this year to further strengthen Vietnam’s competitive allure for FDI, especially for US business.” … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
Sale of power direct to consumers is not currently permitted but the Vietnamese government is planning to pilot a direct power purchase agreement (DPPA) for renewable energy in 2019. The DPPA will allow the sale of electricity from generators direct to consumers. Reports suggest that this might be in the form of a synthetic PPA, with 100% of the power output to be sold through the market. … [Read more...] about Vietnam’s renewable energy: Key guidance to investors
Held in the form of live seminars combined with online streaming to overseas investors, the contents are expected to be discussed at the summit include (i) Unicorns and Unicorn hunters: A Startup and Investor Perspective; (ii) Edtech: A Promising Space in Vietnam; (iii) Fintech and Payment in ASEAN; (iv) Logistics in ASEAN. … [Read more...] about $815 million ready for Vietnamese startup projects