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Saturday, 25 June 2016 10:19

Dong Nai: FDI attraction exceeds target

Dong Nai: FDI attraction exceeds target
VGP – Dong Nai has attracted 97 FDI projects worth over US$ 1.01 billion in the first half of 2016, exceeding its US$ 1 billion target for the whole year.
There are 53 newly licensed projects with a total capital of nearly US$400 million and 42 others with US$600 million additional capital, said Cao Tien Dung, Head of the peovincial Department of Planning and Investment.
Notably, Dong Won Viet Nam Company invested in a US$ 60 million fabric production project; Shing Mark Vina company poured US$100 million into a furniture decoration project; and Hewaseung Vina company spent US$70 million in a footwear production factory.
In January-June, Dong Nai’s FDI projects are  from investors from Japan, the Republic of Korea, and Taiwan (China) mainly focusing on the auxiliary industries and electronics accessories.
Foreign investors preferred industrial parks in Nhon Trach, Long Thanh and Trang Bom districts and Bien Hoa city.
These projects are expected to attract a large number of high-quality workers.
Up to now, foreign investors from 43 countries and territories have invested in the southern province with more with over 1,600 projects valuing nearly US$ 29 billion; in which, more than 1,200 projects are valid with a total capital of over US$24 billion./.  

Viet Cuong
VGP News
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Thursday, 23 June 2016 08:44

30 million USD poured in domestic wood company

30 million USD poured in domestic wood company
The Vietnamese leading company in wood-working and decorative materials An Cuong Wood Working JSC will receive financial supports worth 30 million USD to branch out its business, as heard a press conference held in Ho Chi Minh City on June 15.
The investment comes from the VinaCapital Vietnam Opportunity Fund (VOF) and the Deutsche Investitions-und Entwicklungsgesellschaft (DEG), an investment fund of the German KfW Group.
Of the total amount, 70 percent will be contributed by the VOF and the remaining will be provided by the German group’s investment fund. The money will be doled out within one year, with 18 million USD already disbursed in first stage and 12 million USD to be spent in the second round.
Established in 1994, An Cuong company has been the manufacturer and distributor of wood and plastic based panels used in interior décor for well-known brands from the US, Germany, Italy, Spain and Australia.
The company has 10 luxurious showrooms nationwide and a manufacturing factory in the southern province of Binh Duong. It has enjoyed robust growth of 30-35 percent for years and earned a revenue of more than 70 million USD in 2015./.

Vietnam News Agency

 
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Wednesday, 22 June 2016 16:11

Over 1 billion USD in FDI poured into Binh Duong

Southern Binh Duong province attracted 1.097 billion USD in foreign direct investment (FDI) as of mid-June, equivalent to 78.3 percent of its yearly plan and up 8.3 percent against the same period of last year, according to the provincial People’s Committee.
A total of 113 new projects were licensed in the period with the total registered capital of nearly 731 million USD, while another 64 existing projects registered to increase capital by 367 million USD.
The manufacturing industry was the largest FDI recipient with over 1 billion USD. Meanwhile, the service sector saw 14 new and added capital projects with supplements of 83.6 million USD.
Singapore was the biggest foreign investor in Binh Duong during the first half of the year with seven new and eight added-capital projects, registering a total investment of 359.9 million USD. The Republic of Korea (RoK) ranked second with 149 million USD, while Japan came third with 84.89 million USD.
Notably, Binh Duong province has attracted numerous big projects which match its orientations and plans for local industrial development.
With these results, Binh Duong has attracted 2,700 FDI enterprises so far with a total registered investment of 24.75 billion USD.
In the time ahead, the province will continue accelerating investment promotion activities in key markets such as the US, the EU, Japan, the RoK, Singapore and Taiwan (China), in order to lure investment in centralised industrial zones with projects in supporting industries, taking advantage of Vietnam’s participation in free trade agreements, including the Trans-Pacific Partnership (TPP).
Besides, Binh Duong will pay attention to completing administrative procedure reforms towards publicity, transparency and simplicity, and improving the investment environment, aiming to create the most favourable conditions for enterprises./.

Vietnam News Agency
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Tuesday, 21 June 2016 14:30

Hanoi finds investors for 43 projects

Hanoi finds investors for 43 projects
The government of Hanoi City is finding investors for 43 projects planned for implementation this year at a total cost of VND372.25 trillion (US$16.6 billion).

Of the projects, the capital city needs a combined VND316.8 trillion for 10 projects to upgrade and build apartment buildings in Cau Giay, Ba Dinh, Dong Da, Hai Ba Trung and Hoang Mai districts.

Four condo projects in Dong Da District are Khuong Thuong covering 3.2 hectares and worth VND6 trillion, Vinh Ho on 5.3 hectares with VND11 trillion, Kim Lien on 41 hectares with VND42.6 trillion and Trung Tu on 20 hectares with VND32.4 trillion.

Hanoi is also finding investors for three condo projects in Ba Dinh District, namely Ngoc Khanh on 24 hectares with VND47 trillion, Giang Vo on 28 hectares with VND30 trillion and Thanh Cong on 23 hectares with VND44 trillion.

The other three housing projects are Quynh Mai worth VND29 trillion on 17.4 hectares in Hai Ba Trung District, Tan Mai worth VND32 trillion on 18.7 hectares in Hoang Mai District and Nghia Tan worth VND42.8 trillion on 32 hectares in Cau Giay District.

There are 10 apartment projects used to be in a list of the 42 projects announced by Hanoi in end-February. They were constructed in 1980s and have been deteriorated.

The remaining 33 projects in need of investments are in various sectors, including eleven park projects capitalized at VND36.8 trillion. Of the total, a sport-entertainment-eco tourism project covering 707 hectares in Thanh Tri District is worth VND12 trillion.

Other big-ticket projects are Dong Mo tourism area capitalized at VND5 trillion on 264 hectares in Son Tay Township, followed by a recreation park worth VND4.8 trillion on 96 hectares in Ha Dong District and a theme park worth VND4 trillion on 200 hectares in Gia Lam and Long Bien districts.

There are two projects in the agricultural sector:  an orchid nursery-tourism area worth VND350 billion in Soc Son District and a hi-tech farming area worth VND150 billion in the same district.

The city is seeking investors for three industrial park projects with a combined investment of VND4.4 trillion, including Dong An hi-tech industrial park with VND4.4 trillion and Phu Tuc and Dai Thang industrial clusters valued at VND111 billion and VND91 billion, respectively.

Hanoi is calling for investments for five parking lots worth VND3 trillion, seven trade centers worth VND9.45 trillion and five commercial-service projects worth VND1.1 trillion.

Source: Vov

 
 
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Introduction