Startup in Ho Chi Minh City Will Be as Convenient as in Singapore

set-up company in Ho Chi Minh City A series of specific commitments has been confirmed by HCMC’s Party Secretary Nguyen Thien Nhan to help startup environment in HCMC becoming as favorable as in Singapore. The city is committed to preparing an industrial park reserved for newly startup and innovative businesses. Secondly, the procedure for setting up new business in...

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Indian Businesses Consider Vietnam as a New Investment Destination

Vietnam as a New Investment Destination On the occasion of the 45th anniversary of Vietnam – India diplomatic relations and 10 years of strategic cooperation between the two countries, Mr P. Harish, Ambassador of India to Vietnam said that the two countries’ cooperation is very nice, many Indian businesses are considering Vietnam as a new investment destination in...

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Korea Leads in Foreign Investment into Vietnam

Among foreign investors who have been investing in Vietnam, Korea is leading with the largest amount of capital, and Korean companies are continuing to promote investment in Vietnam as well as set up business in Vietnam. In the past 25 years, Vietnam – Korea trade has made great strides from  500 million USD in the first years to 60 billion USD today, 120 times...

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Vietnam Asks State-Owned Firms to Sell Foreign Currencies

Jun 02th, 2011, from The Wall Street Journal. HANOI—The State Bank of Vietnam has asked all state-owned firms to sell their foreign currency to banks beginning July 1, part of a plan outlined in February to eliminate the use of foreign money in the domestic market. The central bank announced the directive Wednesday in a statement on its website. It didn’t provide details...

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VTG (Canada) Wants to Invest in The Metro Line in Hanoi

On November 22nd, Deputy Prime Minister Trinh Dinh Dung has met Mr. Richard Courey, President and CEO of Vision Transportation Group (VTG) from Canada to discuss VTG’s plan to invest in Vietnam. At the meeting, Deputy Prime Minister Trinh Dinh Dung welcomed and highly appreciated the experiences of VTG in the field of transportation infrastructure project development...

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After 11 Years, Van Phong 1 Thermal Power Project Was Licensed

Van Phong 1 thermal power project, with investment capital of 2.58 billion USD was officially granted investment certificate, marking another project of Japanese investors invest in Vietnam. This coal-fired thermal power plant has a capacity of 1,320 MW. Van Phong 1 thermal power project was proposed by the Sumitomo Corporation (Japan) in 2006, with...

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Benefits of Setting Up Business in Danang

What are the benefits of establishing a business in Danang? Da Nang – one of the strategic economic centers of Vietnam’s central region The Vietnam prime minister has established central region’s strategic economic center, including 05 provinces and cities: Thua Thien Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh to promote potential, geographical location and...

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M&A Due Diligence and Execution in Vietnam

 Merger and Acquisition (M&A) activities in Vietnam have been rapidly increasing over the the years in value and number of transactions when Vietnam’s opening policies to attract foreign investments loosen up.  The M&A due diligence and execution are therefore important steps to ensure a successful transaction. For foreign investors wishing...

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Samsung Invests Aggressively in Bac Ninh Province

With the favorable and open business environment, Vietnam has committed to be the attractive investment destination for multinational enterprises to come and set up business in Vietnam. Samsung wants to raise the total investment in Bac Ninh to 6.5 billion USD and transferred the model from high-tech project to large-scale project… Bac Ninh Provincial People’s Committee...

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