Preferential policies should be applied selectively, targeting FDI businesses with effective operation rather than the scale of investment, Deputy Prime Minister Vuong Dinh Hue said at a working session with the Ministry of Finance in Hanoi on February 28.
The Lenovo Group from China has expressed its desire to develop a computer component manufacturing factory in the northern province of Bac Giang during a recent meeting with local authorities.
Prime Minister Nguyen Xuan Phuc has requested that Thailand’s Siam Cement Group (SCG) continue investing in Vietnam and accelerate the implementation of investment projects in the Southeast Asian country.
Several local banks are reportedly determined to list on stock markets in 2019 after delaying last year.
The Mekong Delta province of Tien Giang lured 5.4 trillion VND (233.7 million USD) in two projects in its industrial parks during January-February, or 19.65 times higher than the same time last year, according to deputy head of the provincial management board for industrial zones Nguyen Thanh Liem.
(VEN) - Based on the positive economic growth indicators and good credit quality in 2018, Vietnam’s credit institutions are hopeful of even better results in 2019.
A Vietnam-Germany Trade and Investment Forum has been held as part of the “Vietnam Days in Leipzig”, highlighting the investment potential and opportunities between Sachsen State and Germany in general and Vietnam, as well as other countries in Southeast Asia and Asia Pacific.
Deputy Prime Minister Vuong Dinh Hue said he supports AEON’s expansion into financial services in Vietnam while receiving AEON Financial Service Chairman Masaki Suzuki on February 25.
(VEN) - The disbursement of foreign direct investment (FDI) in 2018 set a record, increasing 9.1 percent compared to the previous year to US$19.1 billion. The FDI attraction strategy for the 2018-2023 period targeting quality rather than quantity has also achieved initial positive results. These developments reflect growing investor confidence in government efforts to improve the business and investment environment. Vietnam Economic News’ Thu Phuong, Tuan Vu and Nguyen Huong recorded the views by representatives of major foreign associations operating in Vietnam.
Kookmin Bank of the Korean KB Group has opened its first branch in Hanoi on the 25th floor of Landmark72 building after receiving approval from the State Bank of Vietnam (SBV).
The Mekong Delta province of Kien Giang plans to spend 17 billion VND (around 734,000 USD) on organizing investment, trade and tourism promotion activities both at home and abroad in 2019.
Interest rates for VND deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast.
The Vietnamese laws always protect the legitimate rights of investors and attach importance to all economic sectors, while considering the private one as an important driving force of the development, Prime Minister Nguyen Xuan Phuc said on February 23.
As a popular investment channel for foreign investors in recent times, mergers and acquisitions (M&A) secured Ho Chi Minh City 6 billion USD in foreign direct investment (FDI) projects in 2018.
Many banks have seen their employee efficiency increase significantly, with each member of staff earning them more than 1 billion VND (43,000 USD) in pre-tax profit on average last year.
(VEN) - Improvements in Vietnam’s business environment and investment attraction are paving the way for Vietnam to attract more investment in 2019. Many domestic and foreign businesses plan to expand investment in the country.
A Singaporean company will invest in a textile project in the Vietnam-Singapore Industrial Park in central Nghe An province (VSIP Nghe An).
Some banks are putting assets secured with non-performing loans worth hundreds of billions of Vietnamese dong up for auction in the first days of the Lunar New Year to speed up the resolution of bad debts.
Prime Minister Nguyen Xuan Phuc had a working session with the leaders of the Ministry of Planning and Investment (MPI) on February 19.
Artpresto Vietnam Co., Ltd, a member of Japan’s Bandai Namco Group, started construction on a packaging factory on February 14 in the northern province of Ha Nam.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has become the first Vietnamese lender to be named on the list of the top 300 most valuable banking brands, as recently announced by the Brand Finance.
The Mekong Delta province of Tra Vinh has welcomed representatives of seven domestic and foreign firms to learn about the investment and business environment and regulations related to business registration in the locality in the first days of the Lunar New Year.
The southern province of Ba Ria-Vung Tau on February 14 handed over nine investment licences worth over 9.9 trillion VND (425.7 million USD) and nearly 163 million USD to investors.
Experts have forecast minimal pressure on exchange rates in 2019, with little chance of significant volatility.
Tin Khu Vực 
