Investors have signed a memorandum of understanding on 19 investment projects worth over VND205 trillion (US$8.84 billion) in the Mekong Delta province of Tra Vinh at an investment promotion conference on January 15.
“Businesses are the driving force of development”, “the success of businesses is the success of the province”, and “investors are citizens in Vinh Phuc” - these are lodestars for Vinh Phuc province in wooing investors.
Ignoring analysts’ warnings, investors bought thousands of condotels, lured by developers' promises of high guaranteed returns each year.
In the context of rapid changes in business methods, the current Law on Investment needs changes in favor of investors.
Favourable location, huge potential on trade, investment, agriculture and tourism, combined with infrastructure development make Lang Son attractive on investors’ radar.
A lack of consistency in policies and credible guarantee from the government would prevent investors from participating in any PPP projects, said an expert.
Vietnam’s economy maintains rapid growth rate despite facing growing risks and uncertainties from global trade.
Due to some strict requirements, some experts said it will be difficult for the North-South expressway to attract investors.
Despite growing interest from investors and upcoming stake sales, it is looking likely that the long term will provide better prospects for mergers and acquisitions in the lucrative Vietnamese pharmaceutical industry, rather than any quick fixes in the short term, Bich Thuy reported.
Ho Chi Minh City will organise an auction to seek investors for the right to use nine land plots in the Thu Thiem new urban area in District 2.
A lot of people from China, South Korea, even Japan are buying resort properties in Vietnam, which is considered a sign of an attractive market to investors.
The new policies will simplify procedures, explaining that instead of 95 laws and ordinances, investors only have to relate to two legal documents regulating planning. This is a way to reduce administrative procedures and increase transparency and stability of the law.
Property insiders said the most anticipated news in the HCMC real estate market in May would come in the next few days when the new tower in the luxury residential project in District 1, The Grand Manhattan developed by Novaland Group, is launched.
The People’s Committee of the southern province of Dong Nai has announced a list of 12 infrastructure projects calling for investment worth more than US$1.2 billion in total.
A large number of companies from Europe, the Republic of Korea, Japan, and China are choosing to invest in building manufacturing facilities in Vietnam, promising a boost to the development of the industrial property segment.