[Round-up] Vietnam Wants More Investments from Sunwah, Japanese Biz Keen on HCM City

Tuan Minh

14:10 21/04/2017

BizLIVE - PM Nguyen Xuan Phuc has called on Hong Kong-based Sunwah Group to make stronger investment in Vietnam in the fields of hi-tech agriculture and industry. More than 6,000 Japanese firms studied the investment environment in Ho Chi Minh City in 2016.

[Round-up] Vietnam Wants More Investments from Sunwah, Japanese Biz Keen on HCM City

U.S. President Donald Trump will travel to Vietnam for the APEC summit in November.

Prime Minister to Visit Cambodia, Laos
Vietnamese Prime Minister Nguyen Xuan Phuc will pay official visits to Cambodia and Laos from April 24 to 27, the Vietnam News Agency (VNA) reported.
At the invitations of Cambodian Prime Minister Hun Sen and Lao Prime Minister Thongloun Sisoulith, PM Phuc and his spouse will visit Cambodia from April 24 to 25 and Laos from April 26 to 27.
Vietnam Wants Sunwah’s Investment in Hi-tech Agriculture, Industry
At a reception for Chairman of the Hong Kong-Vietnam Chamber of Commerce and Chairman of Sunwah Group Jonathan Choi in Hanoi on April 19, PM Nguyen Xuan Phuc has called on Hong Kong-based Sunwah Group to make stronger investment in Vietnam in the fields of hi-tech agriculture and industry.
He confirmed that the Vietnamese Government will continue developing the market economy and creating favorable conditions for foreign investors, including Sunwah, to do business in Vietnam.
Hanoi to Host Int’l Trade Fair for Construction
The Vietnam International Trade Fair for Construction – Machinery, Equipment, Technology, Vehicles and Materials (Contech Vietnam 2017) will take place at the National Exhibition Construction Center in Hanoi from April 25 to 28.
The trade fair will provide a platform for exhibitors to not only introduce new technologies but also seek partners and promote technological transfer. Through such interactions, more effective and environmentally-friendly construction solutions will be applied to improve businesses’ competitive advantages.
Over 6,000 Japanese Firms Explore Investment in HCM City
The Japanese External Trade Organization (JETRO) representative office in Ho Chi Minh City welcomed more than 6,000 Japanese firms to study the investment environment in the southern economic hub in 2016, said JETRO’s Chief Representative in HCM City Koji Yamamoto.
Seventy-seven businesses were established after the meetings. Most of the investment projects are being carried out in southern provinces, he said.
Vietnamese Consumers Willing to Pay More for Safe Food
About four out of five Vietnamese consumers are willing to spend more on food produced from materials labelled safe and environmentally friendly, according to a survey conducted by Nielsen Vietnam.
Survey results showed that brands which commit to selling green and safe products reported a growth rate of 4% in recent years.
Solar Power Plant Nears Go-ahead in Thanh Hoa
Hoang Son Trading Investment JSC will partner with Univergy Solar, a Spanish-Japanese joint venture, to develop a $118-million solar power plant in the central province of Thanh Hoa, VNA reported.
The solar power plant is designed with capacity of 90MW, covering an area of some 1.5 million sq.m. It will include a three-storey office building, warehouses, canteens for workers, sports facilities and other technical and supporting facilities.
Vietnam’s Bikini-clad Airline Gets Nod to Lift Foreign Ownership Cap
Privately-run VietJet Aviation Joint Stock Company (VJC), which operates the sole operational no-frills carrier in Vietnam, on Thursday received approval from shareholders to increase the foreign ownership limit (FOL) as it is thirsty for funding to expand its network.
The firm’s shareholders agreed to loosen the FOL to 49% from the present 30%, the upper limit permitted by the law for a domestic airline. The relaxation is subject to government approval.
U.S. President Donald Trump will attend three summits in Asia in November, including the Asia-Pacific Economic Cooperation (APEC) gathering in Vietnam, Vice President Mike Pence said.
Pence made the announcement in Jakarta during a visit to the headquarters of Association of Southeast Asian Nations (ASEAN) in Jakarta, Indonesia on Thursday, international media reported. The information has been also posted on the vice president’s Twitter page.
China remained the largest supplier of goods for Vietnam in the first quarter of this year, with the import value from the former increasing 19.6% year-on-year to $12.68 billion.
The runners-up were South Korea with $9.97 billion, Japan with $3.7 billion and Taiwan with $2.77 billion, according to customs data.
Vietnam is facing huge challenges to water resources security as climate change becomes more unpredictable, said Prof. Nguyen Mai, chairman of the Vietnam Association of Foreign Invested Enterprises (VAFIE), at an international workshop on water resources security in Hanoi on April 19.
“Natural disasters and climate change are posing risks to the balance of water resources. Drying-up rivers, prolonged heat and decreases in rainfall are threatening all regions of the country,” Mai noted.