In order to achieve its economic goals, Vietnam is trying to attract deeper investment from the private sector, with public-private partnerships considered one of the more effective tools.
The Ministry of Planning and Investment’s Foreign Investment Agency and US-based strategy and capital advisory The Asia Group have led a delegation of senior executives to Hanoi to explore investment opportunities.
GIVI from Italy, one of the leading manufacturer of motorcycle accessories, has consolidated its business in Vietnam with the expansion of its factory in the southern province of Long An on October 17.
Panasonic Life Solutions Vietnam, a member of Panasonic Vietnam Group, is investing over US$45 million in a second factory in Binh Duong province, which will be operational by January 2021.
As Vietnamese people are increasingly making overseas property investments, foreign developers from Europe, the US, and Asia are flocking to Vietnam to introduce their property products.
Favourable location, huge potential on trade, investment, agriculture and tourism, combined with infrastructure development make Lang Son attractive on investors’ radar.
Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales.
The south-central province of Binh Thuan has been actively improving its infrastructure system in order to create more favourable conditions for attracting more investment.
The amended Investment Law Plan introduced by the Ministry of Planning and Investment does not encourage offshore investment in real estate.
The consortium led by GIC, Singapore’s sovereign wealth fund, has collectively invested $500 million (VND11.6 trillion) for a minority stake in VCM Services and Trading Development JSC, a consumer retail arm of Vingroup.
Once the industrial waste treatment plant invested by T&T Group comes into operation, it will treat 1,500 tonnes of industrial waste and harmful waste a day and generate 13MW of power.
Numerous large-scale groups have relocated their facilities from China to Vietnam in order to avoid the impact of the US-China trade war, showing the potential for strong development of industrial real estate.
As of July 2019, industrial parks (IP) and economic zones (EZ) in the Central province of Quang Tri lured over VND40 trillion (over $1.7 billion) from 150 investment projects.
Driven by strong administrative reform and growing interest among investors, the northern province of Thai Nguyen is emerging as one of the most attractive investment destinations in 2019, with a series of promising projects in the pipeline.
Novaland – one of the biggest property developers in Vietnam – will hold Novaland Expo 2019 between June 13 and 16 at the Novaland model house in Mai Chi Tho Street of District 2, Ho Chi Minh City.