Vingroup CEO Denies Land Grab Speculation as Group Exits Vincom Retail Business to Refocus Resources
Vingroup plans to divest from Vincom Retail, one of Vietnam's largest retail chains. Currently, Vingroup subsidiaries own a 99% stake in Sado Company, the largest shareholder of Vincom Retail. In March 2022, an agreement was signed for Vingroup to sell its entire stake in SDI Company, which holds
Reasons Why Many Vietnamese Don't Buy Cars at The Beginning of The Year
After the Lunar New Year holidays, many people in Vietnam tend to choose investment channels over buying cars, resulting in a downward trend in the country's automobile production.
Prominent Businessmen To Stand Trial Alongside Mrs. Trương Mỹ Lan In Upcoming Vạn Thịnh Phát Case
Upcoming court trial on Vạn Thịnh Phát case will see many big businessmen stand trial with Mrs. Trương Mỹ Lan. Among them is a businessman who was generously granted 1.5 trillion VND by Vạn Thịnh Phát Chairman.
Vietnam is Intel's most successful base globally
Intel Corporation, one of the leading private enterprises in the United States, has begun operating in Vietnam since 2006. Up to now, the total investment capital of this group in Vietnam is approximately 1,5 billion USD
Bac Giang gears up for a 30-Hectare logistics and general services facility
The People's Committee of Bac Giang province has just promulgated a decision approving the detailed construction planning task (scale 1/500) of Xuan Cam - Huong Lam general and logistics service area, Hiep Hoa district.
FDI disbursements rise slightly in January-June
HCMC – The disbursement of capital from foreign direct investment (FDI) projects in the first half of this year has reached US$10.02 billion, showing a modest increase of 0.5% compared to the same period last year, according to the Ministry of Planning and Investment. After experiencing
Long An attracts US$470 million in FDI
HCMC – The Mekong Delta province of Long An has attracted foreign direct investment (FDI) worth US$470 million in the year to date. This includes the issuance of investment certificates to 39 FDI projects valued at over US$408 million, an increase of 15 projects and a capital increase of US$162
S.Korean business leaders come to Vietnam as President begins three-day visit
HCMC – Chairpersons of South Korean corporations such as Samsung Electronics, SK, Hyundai Motor, LG, and Lotte are accompanying President Yoon Suk-yeol during his three-day visit to Vietnam starting June 22. The business delegation consists of over 200 representatives from various sectors
South Korea becomes largest investor in Haiphong
HCMC – South Korea has invested nearly US$10 billion in Haiphong City, making it the largest investor in the port city of northern Vietnam. Le Tien Chau, secretary of the Haiphong City Party Committee, led a delegation to South Korea to attend a trade and investment promotion conference between
Vietnam’s outbound investments down in Jan-May
HCMC – Vietnamese businesses have poured US$316.4 million into their projects overseas in the past five months, down 6.5% against the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In the year till now, 47 new projects have received
Jan-May foreign investment reaches nearly US$11 billion
HCMC – Fresh foreign direct investment (FDI) approvals in the year to May 20 had hit US$10.86 billion, down 7.3% over the same period in 2022, according to the Foreign Investment Agency at the Ministry of Planning and Investment. The newly-registered FDI projects had total pledged capital of
Long An, Dong Nai seek to attract Indian businesses
HCMC – Multiple Indian businesses have visited Dong Nai and Long An provinces to sound out business opportunities there. On May 23, at the Indian – Vietnam Business Cooperation event, an Indian delegation of 10 businesses in logistics, construction materials, electrical and medical equipment