Vietnam seeking Japanese investors in priority fields
Japanese businesses expected to pay greater attention to investing in Vietnam in fields deemed to have priority. Vietnam expects Japanese businesses and investors to promote investing in fields of priority, Prime Minister Pham Minh Chinh told a dialogue session on November 24 with leading Japanese investors within the framework of his official visit to Japan. […]
Foreign companies make a beeline to Vietnam industrial zones
Many European and Asian headquartered multinational giants are rushing to invest in Vietnam’s industrial parks to start new production or expand operations, showcasing confidence in the country’s growth potential. At the end of the first quarter, German lubrication giant Fuchs Petrolub announced the expansion of its Vietnam operations, renting a 20,000 sq.m area at the […]
Foreign capital pours into industrial real estate
The Vietnamese industrial real estate market continues to record positive signals, attracting a large amount of foreign capital.The main leverage of foreign capital inflows in the first quarter of this year came from the industrial real estate segment. VSIP Bắc Ninh Co Ltd increased capital by nearly US$941 million for the investment project to build […]
MoT adds 10 ports to Vietnam’s network
The Ministry of Transport (MoT) has added ten new ports to Vietnam’s network, bringing the total to 296. Northern Hai Phong city has the most, with 52, followed by Vung Tau city in southern Ba Ria-Vung Tau province with 48. Cargo passing through Vietnam’s ports in the first quarter of this year totaled nearly 180 […]
Drug companies see double digit growth in Q1
Demand for Covid-19 medicines and other items drove pharmaceutical firms’ profits up in the first quarter. The country’s largest drugmaker, DHG Pharmaceutical JSC, reported a 25 percent jump in profits to VND255 billion (US$11.1 million), its highest since 2005. Traphaco JSC’s profits rose by 55 percent to VND83 billion, and Imexpharm JSC’s by 26 percent […]
Long An to build 2 new industrial parks
Two new industrial parks in the Mekong Delta’s Long An province have been approved by Deputy Prime Minister Le Van Thanh, on a total area of nearly 720 ha and with total investment of nearly VND8.3 trillion ($360.91 million). They are expected to help the province increase its competitiveness and attract FDI. Long An currently […]