Being granted an investment certificate for its automotive part manufacturing plant is the first step for Pyeong Hwa Automotive in realising its ambition to expand and penetrate the automotive industry in Southeast Asia. The investment will form an automotive cluster in the Deep C Industrial Zones in Haiphong, in line with the Vietnamese government’s and the northern port city’s policies. Lee Jae-Seung, president of Pyeong Hwa Automotive, told VIR’s Kim Oanh about his expectations for the firm’s first plant in Vietnam as well as his thoughts about the supporting industry for the domestic auto sector. Establishing a plant in Vietnam is part of the plan to expand the operations of Pyeong Hwa Automotive (PHA) to the global market. What is your Vietnam-based plant and how does it compare to PHA’s operating facilities in the world? Our Vietnam-based plant will cover an area of 7 hectares, with investment capital of $16.7 million. Upon commencing … [Read more...] about First automotive cluster investment in DEEP C II Industrial Zones
Investment in malaysia
Despite distribution chains’ statistic shows that Vietnamese goods rate accounts for 90 percent in supermarkets’; however, the figure doesn’t match with reality. Since 1992, Thailand has been one of foreign investors pouring investment capital into Vietnam. The first company was Thailand-invested CP Vietnam Livestock Corporation entering in Vietnam’s market in 1993. At present, more than 7 percent of pork market share, 16 percent chicken egg market shares, 22 percent industrial chicken market shares and 18 percent animal feed market share are being held by Thailand’s Corporation. Being a giant industrial estate developer in Asia, Amata Corporation built a 700-hectare Amata Industry Park in the southern province of Dong Na’s Bien Hoa Town in 1994 with investment capital of up to $1.9 billion. In 2012, Amata continued to expand its investment in the Southeast Asian country with the 1,285 –hectare Amata Express City project in Long Thanh … [Read more...] about Thai enterprises expand investment in Vietnam
The Malaysia-Vietnam Business Forum 2015 took place in Kuala Lumpur on September 28 with the objective to provide information about Vietnamâs business and investment environment. Jointly organised by the Malaysia External Trade Development Corporation (MATRADE) and the Vietnam Trade Promotion Agency (VIETRADE), this yearâs event attracted the participation of over 300 Malaysian entrepreneurs, exporters and investors. Speaking at the event, MATRADE Chief Executive Officer Dzulkifli Mahmud said that with the 90-million population, Vietnam is considered a potential market for ASEANâs trade and investment activities. Strong economic and trade ties between Malaysia and Vietnam have been a catalyst to boost the bilateral relations over the past years, he stated. According to him, two-way trade reached 9.04 billion USD in 2014. In the first seven months of this year, Malaysia exported goods worth 2.61 billion USD to Vietnam, while importing 2.79 billion USD worth of commodities from … [Read more...] about Forum in Malaysia presents Vietnamâs business environment
Vietnam recently launched an ambitious plan to transform the country from an offshore manufacturing hub for foreign companies into a major player in the global digital economy. In doing so, the government has adjusted business policies to pivot around small and medium-sized companies and encouraged the start-up boom. There is no question that one of the challenges facing start-ups is to find the capital they need to get their ideas off the ground. There have been mixed opinions about whether or not the Vietnamese government should turn itself into a venture capitalist to support early-stage start-ups. Some experts don’t think that putting the government in charge of deciding which business ideas get funding and which don’t is a good idea. The Becamex Technology Innovation Center (TIC) in Binh Duong Province, just north of the country’s commercial hub Ho Chi Minh City, was launched in 2012. The center was expected to become a startup incubation center for 2025 … [Read more...] about Should the Vietnamese government invest in start-ups?
(VEN) - Vietnam Economic News' Trong Suong spoke with Teo Seck Chuan, the General Director of Seamaster Paint Vietnam. Seamaster Paint Vietnam has received a license to supply paint with warranty for 3, 5 and 10 years against fungus and algae growth, peeling, cracking, chalking and discoloration. And the warranty comes directly from the factory which gives added confidence to house and property owners. Its Project Department has also completed many prestigious projects such as Marina Bay Sands Singapore, Singapore Indoor Stadium in Singapore and Ciputra Hanoi International City, Ecolakes My Phuoc, The Oasis (Binh Duong), Riviera Cove Villas, The Estella of Keppel Land, RMIT University, Kumho Asiana Plaza Building, Canary of Guocoland, Toyota Asta Showroom, E-homes, Mercedes Benz workshop and the Mulberry Lane project of Capitaland in Vietnam. The company's products have been exported to many countries like Singapore, Malaysia, India, China, Indonesia, Myanmar and Sri Lanka. "We have … [Read more...] about Seamaster Paint Group: Long-term investment in Vietnam