Huge foreign-invested real estate projects remain on paper

Last update 12:00 | 29/10/2017
VietNamNet Bridge – The ‘super projects’ registered by foreign investors with huge investment capital of billions of dollars are still on paper. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Ha Long, FDI, Nguyen huu Thang

In 2008, when reporting about the Vietnam Financial Center (VFC) project licensed by HCMC authorities, local newspapers called it a ‘super project’. It was expected to include three high-rise 48-storey buildings for offices, shopping malls and 5-star international hotels.

However, the project remains on paper. In 2014, Berjaya, the investor, asked for the municipal authorities’ permission to scale down the project by half. Continue reading “Huge foreign-invested real estate projects remain on paper”

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Dự trữ ngoại hối tăng “sốc”: nên mừng hay lo?

Hà Đông Thứ Sáu,  20/10/2017, 08:36 (GMT+7)


Sự tăng giảm thất thường của dự trữ ngoại hối cho thấy môi trường kinh tế vĩ mô thiếu sự ổn định. Ảnh: Thành Hoa

(TBKTSG) – Số liệu chính thức cho thấy dự trữ ngoại hối của Việt Nam tính đến hết quí 3-2017 đạt 45 tỉ đô la Mỹ, tăng thêm 6 tỉ đô la Mỹ so với cuối năm 2016. Như vậy, dự trữ ngoại hối của Việt Nam đã có sự tăng trưởng “thần kỳ” trong năm 2016 và 2017.

Cần một sự tăng trưởng bền vững hơn

Theo đó, Ngân hàng Nhà nước (NHNN) đã mua được khoảng 11 tỉ đô la Mỹ trong năm 2016 và khoảng 6 tỉ đô la Mỹ trong chín tháng đầu năm 2017. Tuy nhiên, nếu nhìn lại dữ liệu lịch sử thì có lẽ chúng ta cần một sự tăng trưởng bền vững hơn của dự trữ ngoại hối thay vì tăng sốc như hai năm gần đây. Continue reading “Dự trữ ngoại hối tăng “sốc”: nên mừng hay lo?”

Vietnam attracts foreign investment, but technology transfer remains low

Foreign capital flows to Vietnam’s pharmacy sector

Last update 08:00 | 23/09/2017
VietNamNet Bridge – Attracting foreign capital will allow Vietnamese pharmacy firms improve their competitiveness and develop the national pharmacy industry. However, analysts warn that the market may fall into foreign hands.


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A survey conducted by Grant Thornton earlier this year found that the healthcare & pharmacy market is among the three business fields most attractive to foreign investors. The other two are food & beverages and retail.

Foreign investors have been increasing their presence in Vietnam by buying stake in Vietnamese pharmacy firms. Continue reading “Foreign capital flows to Vietnam’s pharmacy sector”

Logistics: Out to the world

Last update 15:07 | 10/09/2017

Despite being in its early stages of development, Vietnam’s logistics sector remains on the radar of foreign investors thanks to the country’s skilled workforce, relatively low costs, and rapid e-commerce development. 

Samsung signed an agreement to cooperate with the Minh Phuong Logistics Corporation, one of Vietnam’s leading logistics companies, in July, according to South Korean media, and this was not the first time it has announced an investment in Vietnam’s logistic market.

Broad appeal

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Samsung said in a statement that it had closed a deal with Minh Phuong to establish a joint enterprise. This is the fourth time Samsung SDS has launched a joint enterprise in order to establish itself in an overseas market, and is the second time in Vietnam. Continue reading “Logistics: Out to the world”

Quảng Ninh to get new port, industrial complex

vietnamnews

Update: September, 08/2017 – 14:00

An overview map of Deep C Industrial Zone. — VNS Photo

HCM CITY – Tiền Phong Industrial Zone JSC and Russia’s Seaport of Azov on Friday agreed to transform 100 hectares in Quảng Ninh Province into a hub for industrial manufacturing and port operations.

The memorandum of understanding (MoU), signed by Tiền Phong Industrial Zone JSC, in which Deep C consortium (Rent A Port) is a majority shareholder, and the Russian giant in port development and operations, agrees to start work on the Việt Nam-Russia Industrial Complex soon, provided the Vietnamese Government offers its support in speeding up the process. Continue reading “Quảng Ninh to get new port, industrial complex”

Real estate remains 2nd largest FDI lurer in VN

Last update 18:29 | 07/09/2017

Despite having fallen to the fourth position in terms of foreign direct investment in the first eight months of 2017, the real estate sector remains the second-biggest recipient of this type of investment to date.

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Though realty is fourth in FDI for eight months, it remains the second-largest earner overall 

According to the Ministry of Planning and Investment’s Foreign Investment Agency, between January and August 20, the real estate sector stood in fourth with regards to foreign direct investment (FDI) inflows – with 46 newly-registered projects and 15 others increasing their capital, totalling more than $1.16 billion.

Real estate FDI is behind the sectors of manufacturing and processing ($11.69 billion), power processing and distribution ($5.36 billion), and mining ($1.28 billion). Continue reading “Real estate remains 2nd largest FDI lurer in VN”

FDI to Vietnam is mostly from Asia, with South Korea ranked first

Last update 16:00 | 06/09/2017

VietNamNet Bridge – The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia.

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The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent compared with the same period last year.

At least 1,624 new projects have been licensed this year with total registered capital of $13.45 billion, up by 37.4 percent over the same period last year. In addition, 773 projects received approval for expansion with additional registered capital of $6.4 billion, up by 40.2 percent. Continue reading “FDI to Vietnam is mostly from Asia, with South Korea ranked first”

FDI flow into real estate: a cause for concern?

Last update 08:00 | 26/08/2017
VietNamNet Bridge – Real estate ranked fourth among the most attractive business fields for foreign investors, with registered FDI capital of $1.15 billion in the first half of the year.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FDI, real estate market, HOREA
According to Savills Vietnam, the increase in FDI in the manufacturing sector has prompted investors to pour money into projects to develop industrial infrastructure.

Thai company Hemaraj Land & Development and Vietnamese firm Cienco 4 last May confirmed cooperation to set up a joint venture to develop an IZ on an area of 3,200 hectares in Nghe An province, capitalized at $1 billion.

Many deals were made in the first half of the year. Japanese firm Nishi Nippon and Hankyu joined forces with Vietnamese firm Nam Long to develop Mizuki Park residential quarter on an area of 26 hectares in Binh Chanh district, HCMC, capitalized at $351 million.

Meanwhile, Aeon Mall has teamed up with BIM Group to develop Aeon’s second shopping mall in Hanoi, covering an area of 16.7 hectares in a $200 million project. Son Kim Lan has successfully called for $100 million worth of investment capital from a Japanese investor.

The increase in FDI in the manufacturing sector has prompted investors to pour money into projects to develop industrial infrastructure.

Housing projects continue attracting attention from investors. Chinese firm Fortune Land Development has bought Lotus Dai Phuoc shares from VinaCapital, worth $65.3 million. This is a residential quarter project covering an area of 198.5 hectares in an area of Dong Nai province adjacent to HCMC.

A 65 percent stake in Times Square complex worth $41 million has been transferred by VinaCapital to Elite Capital Resources Limited.

Analysts have predicted that FDI flow into the real estate sector will continue in the time to come thanks to open policies and the great potential in tourism development. However, they warned that the amount of capital into the market needs to be measured by disbursed capital, not registered capital.

Many registered projects have not been implemented. Booyuong Mo Lao project in Ha Dong district, for example, has been left unimplemented for years.

Nguyen Tri Hieu, a respected banking expert, commented on Dau Tu Bat Dong San that  more FDI capital is good news, but that is necessary to reconsider the situation if too much capital flows into the real estate sector. If the capital only goes to high-end real estate and resort projects, it will only heat up the market and lead to oversupply in the market segment, and not propel socio-economic development.

Phan Huu Thang, former head of the Foreign Investment Agency, now chair of the Vietnam Real Estate Association, affirmed that FDI real estate projects would still be welcomed. The problem is that Vietnam needs to supervise project implementation to ensure sustainability in investment and development.

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Vietnam economic future uncertain as it still relies on FDI: experts

Last update 08:00 | 25/08/2017
VietNamNet Bridge – Vietnam’s economic growth is still heavily dependent on foreign invested enterprises (FIEs), especially conglomerates. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FDI, FIA, MPI

According to a report from the General Statistics Office (GSO), in July, Vietnam exported $17.5 billion, a decrease of 1.7 percent compared with the month before. Of this amount, Vietnamese enterprises exported $4.9 billion, and FIEs $12.6 billion.

Compared with exports of the same period last year, Vietnam’s export turnover increased by 17.9 percent, including 13.1 percent from Vietnamese enterprises and 19.9 percent from FIEs. Continue reading “Vietnam economic future uncertain as it still relies on FDI: experts”

US, EU investors still hesitant: experts

Last update 15:00 | 23/08/2017

Unresolved issues in Vietnam’s regulations and the business environment have resulted in relatively low FDI inflows from US and European multinational companies, experts say.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FDI, South Korea, FIA

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI), as of July 2017, US companies had invested US$9.3 billion in Vietnam and the major EU nations of France and Germany registering US$2.8 billion and US$1.6 billion, respectively.

The US stands at number nine on the list of countries and territories investing in Vietnam, way behind the number 1 investor, the Republic of Korea, at US$55.3 billion, or Japan at number 2 with US$46.5 billion and Singapore at number 3 with US$41.6 billion. Continue reading “US, EU investors still hesitant: experts”

Đà Nẵng lists 68 PPP projects for investment

vietnamnews

Update: August, 14/2017 – 17:30

Liên Chiểu Port in Đà Nẵng is one of a key project in infrastructure development. The city has called for investment in 68 projects in 2017-20. — VNS Photo Công Thành

ĐÀ NẴNG — The central city has listed 68 Public-Private-Partnership (PPP) projects, 22 of them in the hi-tech sector, calling for investment from domestic and foreign businesses in the 2017-20 period.

The projects are in the fields of education and training, healthcare, tourism and services, trade, infrastructure, hi-tech farms, entertainment and environment. Continue reading “Đà Nẵng lists 68 PPP projects for investment”

Imports with outdated technologies from China flood market

Last update 08:30 | 14/06/2017

VietNamNet Bridge – The import of machines, equipment and spare parts from China in the first four months of the year increased by 40 percent over the same period last year. Of this, machine imports increased by 31 percent, or $803 million, reaching $3.4 billion.

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In 2016, China was also the biggest supplier of machine, equipment and spare parts for Vietnam with export turnover of $9.25 billion.

Luong Minh Khoi from MPI warned that it would be a danger for Vietnam if it continues importing outdated waste technologies form China. Continue reading “Imports with outdated technologies from China flood market”

Southern VN attracts major FDI

vietnamnews Update: June, 30/2017 – 09:00

The Việt Nam-Singapore Industrial Park (VSIP) I in the southern province of Bình Dương. — Photo vsip.com.vn

Viet Nam News HCM CITY — Besides HCM City, its next-door provinces Bình Dương and Đồng Nai have also attracted large amounts of foreign direct investment in the first half of this year.

According to a report from the Bình Dương People’s Committee, FDI in the first six months was worth around US$1.62 billion. Continue reading “Southern VN attracts major FDI”

Experts: Vietnam yet to take full advantage of FDI

Last update 16:28 | 16/06/2017

Vietnam has not taken full advantage of foreign direct investment (FDI) while its private enterprises have failed to connect with the global production chain, heard the Midterm Vietnam Business Forum (VBF) 2017 held in Hanoi on June 16.

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Inside an automobile production plant in Vietnam

Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc, who is also Co-chairman of the VBF Consortium’s Management Board, said that there has been a poor linkage between foreign and domestic investors while the knock-on effect in terms of technology and labour productivity from foreign firms on Vietnamese firms remains limited. Continue reading “Experts: Vietnam yet to take full advantage of FDI”