Chủ đề: investment

Vietnam’s startup ecosystem is at a turning point in leaving an impression on the region and the world. Over the past two years, despite the strong impact of Covid-19 on the country’s economy, deal numbers have increased sharply, to 108.

The Ministry of Transport has said it plans to invest over VND11 trillion ($483.03 million) in three projects in the Mekong Delta’s Long An province, including upgrading National Highway No. 62 and National Highway No. N2, and completing the stretch of the Ho Chi Minh Highway passing through the province. It is expected that the Ministry will seek approval from the Prime Minister in the first quarter of 2022.

Australia has among the world’s largest outward investment, ranking it 15th globally in 2020. But its investment in Vietnam remains quite modest, with 545 projects and total capital of $1.94 billion, accounting for only 0.5 per cent of foreign capital in the country.

Both domestic and foreign investors are showing greater interest in the northern province of Hung Yen.

The Ministry of Transport will begin eight important traffic projects before the end of the year, including six road projects nationwide and two waterway projects in the Mekong Delta, with total investment of more than VND25 trillion ($1.09 billion). One of the six road projects is the Results-based Operation for Local Bridge Construction and Road Asset Management project (LRAMP) in 50 cities and provinces, with investment of more than VND9.2 trillion ($400.33 million) from the World Bank’s ODA fund and counterpart capital from Vietnam.

To achieve the ambitious goals set out in the national strategy on rural water supply and sanitation to 2030 and vision to 2045, UNICEF has recommended that Vietnam focus on three core issues. The first is smart investment, which is both sufficient in quantity and appropriate. Vietnam will not be able to build a green, circular economy if it ignores the issue of clean water and rural sanitation.

South-central Ninh Thuan province is calling for investment in 67 urban, tourism, and resort projects in the 2021-2025 period, including projects with a total investment of more than VND3.5 trillion ($152.2 million). The province aims to develop tourism into a spearhead economic sector.

The Quang Tri Airport project will receive investment of nearly VND6 trillion ($262.83 million) in the form of public-private partnership (PPP) funding. The central province of Quang Tri expects the airport to contribute to the development of the local tourism sector once in operation, especially historical tourism, making it a spearhead economic sector.

Japan has invested over $7.4 billion in Ho Chi Minh City over the past 20 years.

Possessing a host of outstanding advantages, focusing on creativity, targeting many groups, and promoting balance in its platform are the core reasons for The Parallel’s successful fundraising of $4.3 million to build an unlimited entertainment metaverse. The Parallel is proud to represent the dream of young Vietnamese about the future, affirming Vietnam’s position in the world.

According to a seminar discussing measures to further foster cooperation between several Vietnamese localities and the European Union (EU), held by the Ministry of Foreign Affairs on December 12, Vietnam has the potential to cooperate with the EU in many fields, including exporting and attracting investment in agricultural products, climate change adaptation, and renewable energy development. Cooperation to date, however, has fallen short of potential and needs to be promoted further.

Startup investments around Vietnam have grown significantly this year, with fintech, games, edtech, healthcare, and e-commerce being the most-favored sectors.

North-central Nghe An province aims to develop its Southeast Economic Zone to attract 120 projects with total required capital of VND75-90 trillion ($3.3-3.95 billion), of which foreign investment is expected to reach $2.26 billion.

City and MoIC hold conference for businesses and investors from South Korea.

Southern Dong Nai province has asked the central government to provide support of more than VND4.1 trillion ($181.13 million) for the construction of two provincial roads in the 2021-2025 period connected to Long Thanh International Airport. Phase 1 of the airport, expected to be completed by 2025, has total investment of VND109 trillion ($4.8 billion) and it is a national key project of international scale.

Project Management Board 6 has sought the National Assembly (NA)’s consideration and decision on investment in the Khanh Hoa - Buon Ma Thuot Highway. The route is 118 km in length and has estimated investment of over VND17 trillion ($752.99 million) from the State budget, and will connect two political and socio-economic centers in the south-central region and central highlands.

Telio, the first B2B e-commerce platform in Vietnam, has announced the funding in its Pre-Series B round. The funding was led by the VNG Corporation, with $22.5 million, while global venture capital firm GGV Capital and Tiger Capital also invested. Telio targets becoming the largest B2B platform in Vietnam.

Investors are now paying greater attention to ASEAN’s fintech sector.

Minister Nguyen Chi Dung said that the Ministry of Planning and Investment will advise the Government to have appropriate policies to manage the "hidden investments"of foreign investors that stand behind Vietnamese individuals and businesses in acquiring and occupying land in sensitive areas such as border and coastal areas.

Lam Dong province is preparing its city planning, in which Bao Loc will be the trade link with Ho Chi Minh City, the central highlands, and the south-central coast, with a development scale at the provincial level. To increase the value of local agricultural products, Lam Dong will also form industrial processing zones in the south of Bao Loc.