Investment

  Ride-hailing firm Grab is planning to invest "several hundred million dollars" in Việt Nam, which it sees as its next major growth market. — Photo vietnamfinance.vn HÀ NỘI  Ride-hailing firm Grab is planning to invest "several hundred million dollars" in Việt Nam in the belief it will be its next major growth market, according to sources of Reuters. The Singapore-based firm in late July also said it would invest US$2 billion into Indonesia over five years. The proposed investment into Việt Nam is the latest example of a top-notch regional brand deepening its commitment to one of Asia’s fastest growing economies. It also shows Grab is ready to put its billions of dollars raised from investors to work. “We’re very excited about Việt Nam. We see very similar characteristics to Indonesia,” Grab President Ming Maa told Reuters. Maa said the company is paying attention to the Vietnamese market. Like in … [Read more...] about Ride-hailing firm Grab plans investment expansion in Việt Nam

  The city of Long Xuyên in the Mekong Delta province of An Giang. The province is calling for support from the Government, ministries and agencies to make it more attractive to domestic and foreign investors. — Photo xuctiendautu2018.angiang.gov.vn AN GIANG — The Cửu Long (Mekong) Delta province of An Giang has witnessed a reduction in the number of new investment projects and the amount of newly registered capital since the beginning of this year, local authorities have said. So far this year, the province has attracted 44 new projects with total registered capital of more than VNĐ5 trillion (US$215 million), down by five projects and more than VNĐ10.2 trillion ($44 million) in value from the same period last year. Lê Văn Nưng, vice chairman of the provincial People’s Committee, called for support from the Government, ministries and agencies to make An Giang more … [Read more...] about An Giang attracting less investment this year

  Prime Minister Nguyễn Xuân Phúc, Government officials, and leaders of Kiên Giang Province visit a booth showcasing some of the specialities of Kiên Giang Province on the sidelines of the Kiên Giang Investment Promotion Conference held recently in the province. — VNA/VNS Photo Thống Nhất KIÊN GIANG — The Cửu Long (Mekong) Delta Province of Kiên Giang has pledged to further improve its competitiveness and investment climate, making it easy for investors to do business, Secretary of the provincial Party Committee, Nguyễn Thanh Nghị, said. It would also continue to ensure there is a supply of human resources and services to better meet investors’ needs, he said. It aims to create a dynamic, creative and efficient business environment for investors as it sees their success as its own, he said. Of the 13 cities and provinces in the Mekong Delta, Kiên Giang has the largest area and … [Read more...] about Kiên Giang vows to provide best conditions for investors

An Austdoor Group wood factory in Hải Dương Province's Hoàng Diệu Industrial Cluster. Photo courtesy of Austdoor HẢI DƯƠNG – Earlier this month, the Hải Dương People’s Committee granted in-principle approval for seven new projects valued at more than VNĐ267 billion (US$11.6 million) in total. Among these projects were a VNĐ97 billion convention centre and office project, to be financed by Phú Thái trade and investment company; a VNĐ50 billion project producing electronics components to be funded by HTV investment and development company and a petroleum trading project, to be developed by Anh Khôi trade and service company at a cost of VNĐ36 billion. In addition to domestic investors, Hải Dương has also emerged as an attractive destination for foreign investment in recent years. Statistics from the Ministry of Planning and … [Read more...] about Hải Dương approves seven projects worth $11.6m