A corner of Kefico Vietnam Company Ltd. Foreign investors registered to invest nearly $1.25 billion in Viet Nam in January. — File Photo Foreign investors registered to invest nearly US$1.25 billion in Viet Nam in January, which will include funding for new projects, in addition to existing projects and buying stakes in projects, which will equal 75.9 per cent, compared to the same period last year. In January, the disbursement of foreign direct investment (FDI) saw a positive increase of 10.5 per cent to $1.05 billion year on year, according to statistics from the Ministry of Planning and Investment’s Foreign Investment Agency. A number of large projects were granted licences during the month, including Kefico Vietnam Company Ltd, which was allowed to add $120 million in investment capital; Vina Cell Technology Company Ltd added $100 million; the Nam Dinh Ramatex Textile and Garment Factory project with total capital of $80 million in northern Nam Dinh Province, funded by a Singapore investor; and Jotun Paint Company Ltd in HCM City, invested by a Norwegian investor with funds of $70 million. Out of 125 countries and territories with FDI projects in Viet Nam, South Korea was the most significant investor with $58.1 billion, accounting for 18.1 per cent of total capital. Japan was in second place with $49.46 billion at 15.4 per cent, followed by Singapore, Taiwan, Britishvirgin Island and Hong Kong. In terms of investment in foreign countries, Viet Nam granted licences for investments in foreign countries for six projects in… [Read full story]
The capital volume registered by foreign investors to acquire Vietnam Prosperity Joint Stock Commercial Bank (VPBank)’s shares reached a record $1.2 billion, marking the largest transaction on the stock exchange to date.
VPBank's listing breaks stock exchange records
The information was published at the conference introducing investment opportunities for VPBank shares, according to newswire Vnexpress.
According to To Hai, director of Viet Capital Securities (VCSC), VPBank’s shares are listed on the Ho Chi Minh City Stock Exchange (HoSE) at the price of VND39,000 ($1.7) per share,…... [read more]
The Hanoitimes - Information from the Government Office, the Government has promulgated Decree 118/2015 / ND-CP to detail and guide the implementation of some articles of the Investment Law, which stipulates that creating more favorable conditions for foreign investors like the investment procedures in the form of capital contribution and share purchase, the equity by foreign investors. In particular, foreign investors invested in the form of capital contribution and share purchase and capital contribution in economic organizations will not have to implement the procedure for issuance of investment certificate of registration. The Decree stipulates subjects and principles on preferential investment…... [read more]
On April 6th, Phillipines' Cosanhvina Company has become the first foreign investor registered to ask for business permission in Vietnam at website www.dhi.hochiminhcity.gov.vn. As registered, Cosanhvina Company will invest in doing embridery outwork with the total capital of 200,000 USD. "To grant a permit through internet" Ho Chi Minh city's programme has become effectively since April 1st 2004. Since then, every investor in the world can submit registration forms to establish 100% foreign-invested enterprises through website of Ho Chi Minh city's Department of Planning and Investment. Deputy Director of Ho Chi Minh city's Department of Planning and Investment Luong Van…... [read more]
VSD has also approved the modification of information for 40 foreign investors (eight institutions and 32 individuals), cancelling three trading codes for foreign investors (one institution and two individuals). As of now, the total number of trading codes for foreign investors is 24,162 (3,607 institutions and 20,555 individuals). In January, foreign investors posted net buying value of VND8.9 trillion (US$391 million) on the HCM Stock Exchange, including four consecutive months of net buying, totalling VND23.1 billion. On the Hanoi Stock Exchange, foreign investors posted a net selling of more than VND477 billion, equivalent to a net selling volume of 14.5…... [read more]
The Hanoitimes - The Vietnam government has done its best to create a favourable investment environment and in the 10 months leading up to November the nation’s economy is like a locomotive gaining momentum. Minister of Planning and Investment Bui Quang Vinh adds that registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates during the period have been consistent with a stable business climate. Dr Nguyen Dinh Cung, Central Institute for Economic Management (CIEM) Director in turn echoes Vinh’s views, saying Vietnam offers a welcoming environment for foreign firms that wish to establish a presence…... [read more]
