Guangdong, Hong Kong Businesses Seeking Opportunities in Vietnam

  60 enterprises coming from Guangdong, Hong Kong (China) are visiting Hanoi, exploring opportunities to set up business in Vietnam.

The conference between Vietnam and Guangdong, Hong Kong enterprises is organized in Hanoi. In addition to 60 businesses wishing to explore investment opportunities with Vietnam enterprises, the conference also attracted delegates including Government and business leaders from 12 provinces and cities of Vietnam, Guangdong and Hong Kong, along with enterprises, leaders of many provinces and cities of Vietnam, especially the provinces bordered with China such as Lang Son, Lao Cai...

The enterprises from Guangdong and Hong Kong operating in the field of manufacturing and trading in the fields of electrical equipment, electrical appliances, consumer goods... Meanwhile, Vietnamese enterprises doing business in such sectors as transportation, general import and export, agricultural products, industrial zone infrastructure...

With the two-way trade turnover between Vietnam and Guangdong reached 17 billion USD in 2016, increased by 2.9% compared with 2015, Guangdong is the province playing significant role in promoting the growth of two-way trade between Vietnam and China. In addition, Guangdong's total production value in 2016 reached 1.160 billion USD, Guangdong continues to be one of China's leading localities for economic and trade cooperation with Vietnam.

Meanwhile, the Vietnam consumer market has increasing scale and purchasing power, creating conditions for Guangdong enterprises to bring goods to Vietnam for consumption. In the opposite direction, with a population structure of more than 100 million people, this is also a potential market for a wide range of commodities, especially Vietnam agricultural products. It is expected that the value of Vietnam's agricultural products exporting to Guangdong will soon reach billions of dollars.

Source: https://www.antconsult.vn/news/guangdong-hong-kong-businesses-seeking-opportunities-in-vietnam.html

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Ben Tre Province Welcomes Many Investment Projects

  With the trend that many foreign enterprises come and set up business in Vietnam, recently, many investors have come to Ben Tre - the land of coconut to promote investment projects in various fields, with investment capital of tens of thousands of billion VND.

In addition to transport infrastructure, high quality coconut processing plant projects; projects in the field of tourism with the system of restaurants, hotels and resorts…, TTC Corporation is continuing to invest in the energy sector in Ben Tre province. Mekong Wind Power JSC (a member of TTC Corporation) has just been granted the investment decision by Ben Tre Provincial People's Committees to invest in Binh Dai Wind Power Plant. The project has capacity of 30 MW with a total investment capital of 1,490 billion VND.

Moreover, the TTC Corporation also propose that Ben Tre province continue to create conditions for TTC to participate in locality - farmer connectivity programs to improve their gardens and create sustainable coconut material areas; construct Ben Tre coconut research center in Dong Go...

In addition, many other projects have just been granted investment decisions in Ben Tre, such as Ba Tri Wind Power Plant No.7 of Ben Tre Renewable Energy JSC (Ecotech), with total Investment capital of 6,543 billion VND; Binh Dai - Ben Tre wind power plant of joint venture between Asiapetro Energy JSC and Doarm Engineering Company (Korea), with a total investment capital of 180 million USD; the food processing factory of The Gioi Viet Co., Ltd with a total investment of 34 million USD...

Highly appreciating the investmeBen Tre Province Welcomes Many Investment Projectsnt environment in Ben Tre, General Director of The Gioi Viet Co., Ltd said that Ben Tre is a good place to invest because there are good policies, land rent expense is not high, the administrative procedures are very easy and provincial leaders are taking good care of businesses. Moreover, Ben Tre has abundant raw coconut materials to meet the production needs of enterprises; hardworking workers who have high sense of responsibility for their work.

According to the Chairman of Ben Tre Provincial People's Committees, with the effort of creating sustainable development, Ben Tre province will continue to improve the investment and business environments and accelerate the reform of administrative procedures. Coming to Ben Tre, investors will be given the most favorable conditions to approach and successfully implement their investment projects. Coming to Ben Tre is coming to a land that rich in potential, rich in affection and diversity of industries with many investment opportunities. Coming to Ben Tre, investors will realize that this place is really a reliable, safe and convenient destination with many opportunities for development.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Source: https://www.antconsult.vn/news/ben-tre-province-welcomes-many-investment-projects.html

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Bosch Invested More Capital in Dong Nai Province

  Bosch is now the largest German investor in Dong Nai with an investment of hundreds of millions of dollars, creating more motivation for other foreign investors when deciding to set up business in Vietnam.

After two consecutive years of investment expansion, Bosch Corporation (Germany) plans to pour an additional of 47 million USD into Dong Nai province to diversify its products for the ongoing urbanization and industrialization process in Vietnam, which is happening strongly. This corporation is known to pour capital into a plant in Dong Nai.

In recent years, Bosch has continuously increased investment capital for its factory in Dong Nai. Specifically, in 2015 and 2016, Bosch increased additional capital of 23 and 22 million USD respectively. According to a Bosch representative, these investments are to import more machinery and production lines to meet growing demand for power transmission belts in Southeast Asian and Asian auto manufacturers.

Currently, there are 4 projects in the field of high technology in Dong Nai, in which the Bosch’s has the largest registered capital. Accordingly, the most recent revision of Bosch's investment certificate in Dong Nai is November 2016. By that time, the total registered capital of this project was over 365 million USD.

The process of urbanization and industrialization in Vietnam is happening strongly and the whole country is moving towards a smart economy. That is a great opportunity for Bosch to diversify its products, especially in the area of connectivity solutions for 4.0 smart and industrial cities.

According to the study, the continuous expansion of investment in recent years has allowed the Bosch plant in Dong Nai to localize the whole process of power transmission production. At the present, all products made from this factory are exported.

Bosch's localization of its entire production process and its continued investment capital increasing are creating opportunities for other Vietnamese manufacturers to become part of Bosch's global production chain. However, becoming a supplier for a high-tech business like Bosch will not be easy.

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First Solar Re-Launch Billion Dollars Project in HCMC

  First Solar Corporation - one of the US investors have set up business in Vietnam in the field of high technology.

After several years of halt operation, First Solar Corporation (USA) has officially restarted the project of manufacturing solar panel with thin-film technology in Ho Chi Minh City (HCMC).

So far, First Solar’s project (in the Dong Nam Industrial Zone, Cu Chi district, HCMC, investment capital of 1.2 billion USD) is still the only and largest scale project, producing solar panel with thin-film technology in industrial parks and processing zones in HCMC. Therefore, the dynamics of investors involved in this project attracted great attention.

First Solar's contractor has started work for about two months. Meanwhile, the investor is coordinating with the authorities to carry out the works such as making environmental impact assessment reports, import and export procedures... After completing the necessary works, Fisrt Solar will carry out the import of equipment and machinery for factory installation to prepare for production.

It is known that First Solar's project was granted investment certificate in January 2011 and started construction in March 2011. However, 8 months after starting construction, the investor has announced a temporary halt to the project, due to the supply-demand imbalance of solar cell products in the global market.

According to a privileged information source, on early August 2017, representatives of First Solar Corporation is expected to meet and share information on the implementation of the project with leaders of HCMC.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Source: https://www.antconsult.vn/news/first-solar-re-launch-billion-dollars-project-in-hcmc.html

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CPG Corp (Singapore) Invests in Hospital in Binh Dinh province

  Recently, CPG Corporation from Singapore has expressed their aspiration to set up business in Vietnam.

In particular, CPG wishes to invest in the construction of a 150-bed high-class hospital; cooperation in training human resources to serve in the field of health, bringing Quy Nhon city to become a destination of health care tourism.

On July 7^th, the General Director of CPG Corp (Singapore) in Vietnam has visited Binh Dinh province to find out investment opportunities. It is known that CPG Corp has 180 years of experience in such areas as development consulting, design and manage infrastructure of urban areas and industrial parks in Asia-Pacific region.

In Vietnam, CPG Corp has been involved in implementing more than 100 infrastructure development projects and participating in the design of many international airports, hospitals, hotels... in some localities.

In response to CPG 's aspirations, Binh Dinh province committed to creating the most favorable conditions for CPG to invest in implementing some projects in the coming time.

Source: https://www.antconsult.vn/news/industry/cpg-corp-singapore-invests-in-hospital-in-binh-dinh-province.html

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New Billion Dollars Thermal Power Project in Vietnam

  Recently, Vietnam is really blooming with a lot of renewable energy projects as many foreign investors choose to set up business in Vietnam in this field.

The Nam Dinh 1 thermal power project, with a total investment capital of 2.2 billion USD, is the largest thermal power project in Nam Dinh so far. The project owner is Nam Dinh 1 Power Co., Ltd but headquartered in Singapore and is a joint venture of two foreign corporations which are Taekwang Power (Korea) and Acwa Power (Saudi Arabia).

Taekwang Power is expanding its portfolio in areas as real estate, petrochemicals; at the same time continuing to increase investment capital in Southeast Asia. In 2008, Taekwang Power established its subsidiary Taekwang Power Holdings to participate in the development of power plants in Vietnam.

Meanwhile, Acwa Power was established in 2004 as a joint venture between Abunayyan Trading Company and Abdulkadir Al Muhaidib & Sons Company together with MADA Group. Acwa Power is trading in power supply and desalination, and is the first private company to operate in this area after Saudi Arabia decided to strengthen its role in the private sector in 2002.

The total investment capital of the Nam Dinh Power Project includes: owner’s equity is 0.56 billion USD, accounting for 25% and loan is 1.68 billion USD, accounting for 75%. The commercial operation date is scheduled for December 2020 with a BOT contract term of 25 years.

The two companies in the joint venture of Acwa Power and Taekwang Power are large and experienced organizations in the field of power generation and supply. Taekwang Power with its subsidiary Taekwang Power Holdings specializes in the field of power supply. Meanwhile, Acwa Power owns a lot of domestic and international power generation and supply projects, especially 10 projects using renewable energy.

Source: https://www.antconsult.vn/news/industry/new-billion-dollars-thermal-power-project-in-vietnam.html

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Vietnam - Russian Federation: Cooperation in The Spirit of Friendship

  There are many opening opportunities, so that the Russian Federation enterprises can come to explore and set up business in Vietnam and vice versa.

Previously, there is almost a constant law, that is only Vietnam come to promote investment abroad, now the story seems to be different. Japan has organized an investment promotion conference in Vietnam. And just recently, on March 2017, during a visit to Vietnam of Mr Yuri Trutnhev - Deputy Prime Minister, Russian Presidential Representative in the Far Eastern Federation, also held the same investment promotion workshop. There have been calls for Vietnamese businesses to invest in Russia, with many investment incentives.

In fact, in the last few years, Vietnam's investment in Russia has increased rapidly, from 100 million USD in 2008 to about 2.4 billion USD in the recent times, concentrating mainly on oil and gas, trade, agriculture… Vietnam's large investment projects in Russia include Rusvietpetro, Gazpromviet Petroleum Joint Venture, TH TRUE Milk, Ha Hoi Trade Center in Moscow.

Contrary to the trend of capital inflows from Vietnam to Russia have increased dramatically in recent years, investment flow from Russia to Vietnam is slowing. In the first 5 months of 2017, Russian businesses only invested 7.2 million USD in Vietnam. To sum up, the accumulated investment capital from Russia to Vietnam is currently about 1 billion USD.

The figure is modest and substantial, focusing on traditional projects which is oil and gas cooperation. Besides the Vietsovpetro Joint Venture, the two countries have established such joint ventures as Rusvietpetro, Vietgazprom and Gazpromviet to expand oil and gas cooperation in Vietnam, Russia and third countries.

In April 2017, a meeting between two leaders of Russia and Vietnam's leading oil and gas corporation that are Gazprom and PVN, took place in Moscow. In which, both sides have continued to discuss on the cooperation to exploit oil and gas in Vietnam, as well as oil and gas projects in Russia.

In fact, Gazprom has participated in the Hai Thach - Moc Tinh gas field project in Vietnam since 2003 and up to now, the total output of this mine has reached about 6.6 billion m3 of gas. In particular, in 2016, the output reached 2 billion m3.

In addition, the two sides also discussed the process of geological exploration in plots 112 and 129 - 132 on the continental shelf of Vietnam, also deployed the project of developing oil - gas - condensate - Nagumanovskoye field and gas field - condensate Severo - Purovskoye in Russia, at the same time discussed the prospect of joint venture cooperation in the field of electrification and transport vehicles using natural gas (NGV). Once these agreements become reality, Vietnam - Russia oil and gas cooperation will be more closely and effectively, opening great investment cooperation opportunities between the two sides.

Opportunities will be even greater when the free trade agreement between Vietnam and the Eurasian Economic Union (includes Russia, Belarus, Kazakhstan, Amenia and Kyrgyzstan) is effectively implemented. Implemented effectively. Although it is just a free trade agreement, the agreement will create a great opportunity for two sides to cooperate and take advantage of each other's markets. This common market block has total GDP of 2,200 billion USD and 183 million people. Moreover, Vietnam and the Eurasian Economic Union have also set target of increasing two-way trade to 10 billion USD by 2020. This is an important basis for investment cooperation between Vietnam and the Russian Federation, as well as other intra-regional economy will be further boosted.

The visit to Belarus and the Russian Federation from June 26^th to July 1^st 2017 by Vietnam President Tran Dai Quang is expected to create opportunities for further economic and investment cooperation between Vietnam - Russian Federation and Vietnam - Belarus.

Source: https://www.antconsult.vn/news/industry/vietnam-russian-federation-cooperation-in-the-spirit-of-friendship.html

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