Tetra Pak Construct 110 Million USD Packaging Factory in Binh Duong
Tetra Pak (Sweden) has started construction of a 110 million USD packaging factory on an area of 10,000 m2 and a total capacity of 20 billion packages per year at Vietnam - Singapore Industrial Park II - A (Binh Duong). This information has been announced since the end of 2016. The factory is expected to come into operation by the beginning of 2019. According to the Deputy Minister of Planning and Investment, this is the factory with largest scale among 54 projects that Sweden investors have invested in Vietnam. Moreover, he affirmed that t…
AES (USA) Wants to Invest in Son My 2 Thermal Power Plant
AES Energy Company (USA) wants to invest and deploy the project of Son My 2 Gas Hydropower Plant and LNG Port Warehouse in Son My commune, Ham Tan district, Binh Thuan province together with PV Gas Corporation Vietnam (PV Gas). At the working session with Vietnam Oil and Gas Group (PVN), Mr David Stone - General Director in charge of Vietnam market of AES Energy Company (USA) expressed the wish to be supported by PVN to invest and deploy the project of Son My 2 Gas Hydropower Plant and LNG Port Warehouse in Son My commune, Ham Tan district,…
Japanese Businesses Want to Invest in Solar Power Plant in Thanh Hoa
Mr. Fernando Davila, Managing Director of Univergy Solar Joint Stock Company - a company in renewable energy, solar and wind power sector in Japan, had a meeting with leaders of Thanh Hoa People's Committee. At the meeting, Mr. Fernando Davila said that in the coming time, Univergy Solar Company would like to implement the solar power plant project in Kien Tho commune, Ngoc Lac district, Thanh Hoa province with high capacity. It is hoped to receive the support from the local authorities as well as the Government of Vietnam. Univergy So…
Quang Nam Province Welcomes Foreign Investors
In 2017, Quang Nam province is expected to continue to become the bright spot of the central region on investment attraction, welcoming foreign enterprises to come and invest in Vietnam. In fact, Quang Nam province is an ideal destination for investors at home and abroad. There were presence and long-term commitment of the major investors such as Truong Hai Auto, Suntory - Pepsico, Vietnam Brewery VBL, Inax sanitary equipment, Groz-Beckert textile equipment and famous travel brands such as The Nam Hai, Montgomerie Links golf course, Victori…
Education Startup Will Flourish in Vietnam
Education startup will become great opportunity for foreign investors to invest in Vietnam as well as the Vietnam startup community. GotIt!, a Startup, a Mobile App which is built on the question – answer foundation for a long time has been presented in the top 10 educational apps on App Store in the US. GotIt! has received 9 million USD from Capricorn Investment Group. Investors of GotIt! are also the people who invest in companies creating products that have changed the world such as Tesla Motor, SpaceX, and PlanetLabs. They believe that …
Surpassing Korea, China’s Capital Flowing Strongly into Vietnam
Only in the first two months of 2017, China investment capital is pouring strongly into Vietnam market through indirect investment for acquiring shares or direct investment for set up business in Vietnam . The Foreign Investment Department (Ministry of Planning and Investment) has announced the situation of attracting foreign investment. Accordingly, in the first 2 months of 2017, there were 313 new projects were granted investment certificates with a total registered capital of 2,028 billion USD, increased by 6.5% over the same period; 13…
Potential of Vietnam’s Renewable Energy
Vietnam territory is located in the tropical climate zone with over 3,200 km long coastline. Therefore, there is great potential for renewable energy development. The available renewable energy sources in Vietnam are: solar energy, wind energy, biological energy, hydropower and energy from the sea. Vietnam has great potential for hydroelectric power, with total theoretical capacity of about 35 GW, the technical potential is about 26 GW, annually it can produce more than 100 GWh; in which the small hydropower (the installed machine capacit…
Vinh Long Province: 36 projects calling for investment of nearly 18,000 billion VND
Vinh Long province has just announced the list of 36 major projects to attract investment in the period of 2012-2015. It is estimated that the total capital investment of these projects are nearly 18,000 billion VND. Three projects have the largest capital investment are infrastructure construction in Tan Binh Industrial Park (400ha, Binh Tan) with 2,000 billion VND, Dong Binh Industrial Zone project (350ha, Binh Minh) with 1750 billion VND and An Dinh industrial zone project (200ha, Mang Thit district) with 1000 billion VND. In addition, …
Big Manufacturer Waves Enter Vietnam
Facing difficulties in manufacture and consumption, some big car manufacturers in Thailand and Indonesia are planning to find new market in ASEAN. Moreover, recently, LG Electronics- the world’s second largest television manufacturer also intends to move from Thailand to Vietnam. According to Federal Thailand Industry –FTI’s figures, In 2014, 881,800 cars were sold in Thailand, decreasing 34% compared to 2013. That is the second year in two consecutive years the market is in recession. It was a strong effect to decrease the quantity of outp…
Risk Management: A Vital Element When Doing Business
Risk management is a vital element when doing business but so far, not many enterprises concern about it. According to a recent survey with 522 companies, there are only 43 companies, accounting for about 8%, have the independent risk management department in their business. More noteworthy, the majority of these 43 companies operating in the banking and financial sector, which has nothing new to risk management. In fact, not all banks have independent and effective risk management departments. The negative problems related to the banking …
How to conduct research in Vietnam from official media source?
The media is an effective source for us to search necessary information for learning, business activities or for daily life. However, with the development of the Internet, communication has a stronger influence and is the leading tool that we often use to find information. Besides the benefits that the media brings, the media might be abused to pose many risks for users. Therefore, how to find official information in the media source is a topic of concern for many people, whom wish to search i.e. reputation of business partners, record of b…
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