Workers at the New Wing Interconnect Technology Co. (Photo: bacgiang-iza.gov.vn) Hanoi (VNA) - Singapore-invested New Wing Interconnect Technology Co. in the northern province of Bac Giang has raised the investment capital of its project by 110 million USD. With the latest addition, the plant, which manufactures headphones and wires, will have total investment capital of 210 million USD, becoming one of the largest foreign-invested projects in Vietnam in the first two months of this year, baodauthau.vn reports. Covering more than 60,000sq.m in the Van Trung Industrial Zone, the plant manufactures nearly 225 million products each year. In the two-month period, Bac Giang lured 125 million USD in foreign investment capital (FDI), ranking 12th among 63 localities nationwide in terms of FDI attraction, statistics from the Foreign Investment Agency showed. [FDI up 2.5 times in first two months of 2019] As of February, the province was home to 434 foreign-invested projects, with … [Read more...] about Singapore headphone firm ups investment
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An overview of Bac Giang province (Photo: VNA) Bac Giang (VNA) – The northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018. Priority will be given to projects in the fields of transport, energy, key urban area development, supporting technology for garment-textile and footwear sectors, hi-tech industry, spare parts, hi-tech agriculture, and farm produce preservation and processing. The province will also focus on developing various forms of tourism such as spiritual tourism, eco-tourism, and resort tourism with hi-end hotels. To realise the target, the local authorities have requested investors of industrial parks to speed up the completion of technical infrastructure. The province is accelerating the compensation payment for land clearance at Hoa Phu industrial park and selecting investors to build infrastructure at Vietnam-Korea industrial park. It also asked the Embassies of Japan and the … [Read more...] about Bac Giang aims to draw 2 billion USD in investment this year
YANGON: Organisers of a summit in Myanmar's crisis-hit western state of Rakhine are this week pitching to investors its plentiful farmland and fishing grounds, tourist-ready beaches and historic temples. The event's website describes the "untouched opportunities" available in the strategically located region, close to large markets in India and Bangladesh. But a session at the fair will also be devoted to how to invest responsibly in the state, from which an estimated 730,000 minority Rohingya Muslims fled an army offensive in 2017. A UN fact-finding mission last year said the military campaign, which refugees say included mass killings and rape, was orchestrated with "genocidal intent". Myanmar denies the charge and says its offensive was a legitimate response to an insurgent threat and that it is welcoming the refugees back. Myanmar hopes the Rakhine State Investment Fair – the first of its kind – will bring money into the impoverished region. Civilian leader Aung San Suu … [Read more...] about ‘Tarnished image’: Myanmar touts troubled Rakhine as investment destination
New Delhi: The government has initiated review of foreign fund flows in sensitive like telecom and physical infrastructure at strategic locations of the country, according to sources. A comprehensive review has been undertaken to assess the control over various infrastructures at strategic locations and border areas of the country, the sources said. Given the fact that majority of the industries are now under automatic route for foreign direct investment (FDI) rather than the approval route, the sources said, it is required to have an idea on the foreign presence in these areas including the northeastern region. Keeping in view the strategic importance, the sources said, the government decided against closure of Bharat Sanchar Nigam Ltd. The state-owned telecom company has a strong network at border areas. Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise. The RBI is also examining the need for greater scrutiny of the FDI … [Read more...] about Govt Examining Foreign Fund Flows in Infrastructure at Strategic Locations, Say Sources
Investors have been pouring money into equity funds over the past few years, particularly through the SIP route. Data from Association of Mutual Funds in India (Amfi) shows SIP inflows touched record highs in November with Rs 8,272 crore. The number of SIP accounts climbed to 2.94 crore, an addition of 5.33 lakh accounts during the month. However, hidden within these figures were some worrying statistics. When more is less According to latest Amfi figures, the average ticket size of retail investors fell 23% to Rs 59,201 in September 2019 compared to Rs 77,318 in 2018. Ticket size is computed as assets managed for a scheme category divided by the number of accounts for that category. There could be several reasons for the drop in ticket size. Entry of newer, first-time investors may account for the contraction to some extent. Since new investors start off with smaller amounts, the rise in the number of those dipping their feet in the pond is bound to bring down the overall figure for … [Read more...] about Are you investing enough in equity mutual funds?