Chủ đề: investment

ReNew is currently assessing the conditions in Vietnam to offer both financial and technological support for the development of the carbon credit market

Investing in apartments in industrial areas is becoming a popular trend in Vietnam, as demand for renting and apartment prices are both on the rise. This is especially true in key provinces in terms of investment attraction, such as Bac Ninh, Bac Giang, Vinh Phuc, and Thai Nguyen in Vietnam’s north, which have many industrial parks and tens of thousands of foreign experts.

The 7.5-km Cao Bang city bypass, with total investment of nearly VND222 billion ($9.66 million) from the State budget, has been approved by the Ministry of Transport (MoT). After being “suspended” for more than six years, the project is expected to be completed in 2024.

Two new industrial parks in the Mekong Delta’s Long An province have been approved by Deputy Prime Minister Le Van Thanh, on a total area of nearly 720 ha and with total investment of nearly VND8.3 trillion ($360.91 million). They are expected to help the province increase its competitiveness and attract FDI. Long An currently has 28 industrial parks and 32 industrial clusters.

According to the Ministry of Finance, State budget revenue reached VND460.6 trillion ($17.68 billion) in the first quarter of this year and State budget expenditure VND351.3 trillion ($15.3 billion), for a surplus of VND109.3 trillion ($4.75 billion). Despite being “abundant”, the slow pace of budget spending on development investment is a “bottleneck” for economic recovery.

Minister of Transport Nguyen Van The has said the Ministry is expected to disburse about VND3.8 trillion ($166.2 million) in April; 5 per cent higher than the national average. By the end of the second quarter, its disbursement rate will be 10 per cent higher than the national average.

Sky Mavis, the maker of the hit game Axie Infinity, has announced it raised a $150 million investment led by Binance, the world’s largest cryptocurrency exchange. The new investment will help Sky Mavis reimburse victims of a recent “hack” while enhancing security to prevent future attacks.

According to Dr. Pham Xuan Dung, President of the Vietnam Union of Science and Technology Associations, investment capacity for digital transformation and green transformation among Vietnam’s small and medium-sized enterprise (SME) community, despite its efforts, remains low. It therefore needs support from international partners and FDI enterprises.

On the path to achieving green growth and sustainable development, Vietnam needs to take advantage of all types of resources, including foreign investment and private investment.

M Village, a startup providing short- and long-term accommodation solutions, has raised $1.7 million in capital from Simple Tech Investment, Vulpes Ventures, Genesia Ventures, and other angel investors. M Village will use the capital to invest in technology, increase utilities for residents, and expand to many districts in Ho Chi Minh City.

Medium-term public investment capital will total nearly VND25 trillion ($1.1 billion) over the next decade to implement 18 projects to upgrade infrastructure and exploit the potential of Vietnam’s inland waterway network. Thirty-nine clusters of passenger ports and 54 groups of cargo ports have also called for private investment.

Do Ventures has announced an investment in Ringle’s Series A funding round to support the company's expansion in Vietnam. Headquartered in Seoul, South Korea, Ringle provides online English tutoring services with a team of tutors from leading US and UK universities beginning to serve Vietnamese users from this year.

Deputy PM pushes the process of mobilizing social investment in airport infrastructure.

The Bac Giang Provincial People’s Committee on February 17 approved a list of social housing projects and adjusted a list of urban and residential projects seeking investment. Over recent years, the northern province’s industrial sector has developed rapidly, creating hundreds of thousands of new jobs and triggering major demand for sufficient accommodation.

An interdisciplinary appraisal council chaired by the Minister of Planning and Investment has been established to look at the pre-feasibility study for a coastal road project stretching more than 35.5 km in northern Thai Binh province and with investment of VND3.83 trillion ($168.98 million).

Prime Minister meets with Siam Cement Group and Amata Corporation to discuss $5.16-billion petrochemical complex project in Ba Ria-Vung Tau province.

The Samsung Electro-Mechanics project in northern Thai Nguyen province has been in operation since 2015, with total investment of $1.35 billion and more than 6,500 workers. The project has been granted an amended investment license, to invest an additional $920 million. It produces an array of semiconductor chips and electronic components and parts for high-tech mobile and telecommunications equipment, among other items.

The Ministry of Transport (MoT) plans to begin 38 projects and complete 30 others this year. It has been assigned an unprecedented medium-term public investment plan amounting to more than VND50 trillion ($2.2 billion).

VnDirect has reported on real estate stocks in the context of the group falling since the beginning of 2022. The market will be active again after a gloomy period and will probably increase in 2022, especially stocks with good asset quality and large projects being handed over this year. Risks will outweigh the opportunities overall.

Additional investments going to property projects in the northern province as the market focus shifts.