TPP expected to drive up U.S. investment in Vietnam: VAFIE
The Trans-Pacific Partnership agreement is hoped to lead to a surge in investment flow from the U.S. into Vietnam, following a colossal upturn in bilateral trade over the past years, said Prof. Nguyen Mai, chairman of Vietnam’s Association of Foreign Invested Enterprises or VAFIE.
TPP likely to revive Vietnam real estate market
The conclusion of the Trans-Pacific Partnership negotiations has fanned hopes for a new growth cycle for Vietnam’s real estate market, analysts and industry insiders said.
Demand for industrial real estate, high-end housing and premium office is poised to continue rising when more foreign investors rush to Vietnam to take advantage of the Pacific Rim trade deal and other free-trade agreements to which Vietnam is and will be a member, said Jonathan Tizzard, head of Valuation & Advisory at Cushman & Wakefield.
AmCham to aid Vietnam in tapping TPP, says executive
AmCham Vietnam is working with Vietnam’s business associations to provide technical assistance and business-specific training to help Vietnam companies benefit from TPP, and qualify to join global supply chains, said Herb Cochran, executive director of AmCham Vietnam in Ho Chi Minh City.
Vietnam to sell 23.5% stake of No. 1 airports developer
Prime Minister Nguyen Tan Dung has approved the equitization plan of Airports Corporation of Vietnam or ACV, the largest airport developer in the country, under which the firm will offer a 23.47% to outsiders.
Three ailing banks have 11T dong in reserve
OceanBank, GPBank and Vietnam Construction Bank, which were taken over by the State Bank of Vietnam earlier this year, have 11 trillion dong or 489 million USD available for repaying clients and expanding operation, a central banker said.
Quang Ninh province attracts $1.4B in private investment in Jan-Sept
Domestic private-run companies invested some 30 trillion dong (1.4 billion USD) in the northern province of Quang Ninh in the first nine months of this year, with big names such as Vingroup, Sungroup and BIM pouring cash into large infrastructure and real estate projects.
Investors from 17 countries and territories have registered to invest in 104 projects worth 5.1 billion USD as of the end of September.
Vietnam okays to expand Nghi Son EZ three-fold
The Vietnamese government has approved to expand the Nghi Son Economic Zone in the central province of Thanh Hoa by three times to 106,000 hectares, which includes 66,497 hectares of land and island, and 39,502 hectares of water. With the expansion, the economic zone is targeted to become a multifaceted industrial zone with a focus on oil refining and steel rolling industries.
USD/VND rate cool down as demand falls
Banks in Vietnam lowered buying and selling prices of the U.S. dollar in the first two days of this week as demand for the greenback is weakening and a central bank regulation aimed at foreign currency hoarding became effective on October 5.
Genesis Smaller Companies buys in Vinamilk shares
Genesis Smaller Companies SICAV has bought up to 5.7 million shares of Vietnam Dairy Products JSC or Vinamilk (VNM), the largest dairy producer in the country, over the past ten months.
Vietnam shares lose steam on profit booking
The benchmark VN Index lost 0.30% to 579.57 on Wednesday as traders sold large-cap stocks for quick profits after two days of strong gains, boosted by exciting sentiment from the conclusion of the TPP talks.