Japan’s Lixil Group wants to expand its American Standard sanitary ware factory in the southern province of Binh Duong. The Group Chairman Toshimasa Iue was speaking during his recent visit to the province to seek investment opportunities in the locality. Its original factory with initial invested capital of US$16.5 million was put into operation in 1997 and capable of producing 400,000 units of... 

Vietnamese businesses are intensifying investment abroad in the agro-forestry-fishery sector to expand their markets and save production and transport costs. According to the Ministry of Agriculture and Rural Development (MARD), Vietnam’s 150 valid agro-forestry-fishery projects have so far invested a total of US$2.5 billion abroad, accounting for 20.5 percent of the country’s total foreign investment... 

Industrial zones (IZs) may become more appealing if tax incentives are re-introduced. This is the thinking behind a draft law on Corporate Income Tax prepared by the Ministry of Finance. According to the draft law, investors with new IZ projects will be exempted from corporate income taxes (CIT) in the first two years of operation. They will also enjoy further reductions of 50 per cent in the following... 

The Bank of Tokyo’s nt in Vietinbank was the biggest merger and acquisition (M&A) deal in 2012. Foreign groups now keep pouring money into the insurance and building material enterprises. A report of StoxPlus, a finance service firm, showed that big foreign groups now eye the Vietnamese insurance and building materials, having invested $388 million and $587 million, respectively, in the two fields... 

Samsung is planning to invest in Vietnam’s infrastructure construction and chemical production. Shim Won Hwan, General Director of Samsung Vietnam, told Deputy Minister of Industry and Trade Nguyen Cam Tu at a recent meeting that there are many opportunities for cooperation in those areas. Samsung has built a factory in Bac Ninh province, and expects to see another project getting off the ground... 

Vietnam Dairy Products JSC, or Vinamilk, has just received a certificate for building a milk factory in Cambodia, one of the largest export markets of the company, said Mai Kieu Lien, chairwoman cum general director of Vinamilk. She was speaking at the opening ceremony for the US$100-million powdered milk plant of Vinamilk in Binh Duong organized on Monday with the participation of Prime Minister Nguyen... 

 The southern province of Long An has recently attracted a significant number of local and foreign investors, becoming an economic spearhead sector the Mekong River Delta region. An April 16 seminar featuring foreign investor participants from a variety of nations and territories have discussed Long An’s potential for cooperation and sustainable development. The province briefed investors on 17... 

Prime Minister Nguyen Tan Dung has said Vietnam hopes to work with the Republic of Korea (RoK) to further the cooperation between the two countries in a deep, effective and practical manner. Meeting Kim Yong Hwan, Chairman cum President of the Export-Import Bank of Korea in Hanoi on April 5, Dung expressed his delight at the fine development of the strategic partnership that Vietnam and the RoK are... 

The 2013 Invest ASEAN-Vietnam conference was organized for the first time by the Ho Chi Minh City Stock Exchange (HOSE) on March 30. Tran Dac Sinh, chairman of the HOSE Board of Directors, stressed that Vietnam must follow the common regional and international trends of connectivity and integration. The ASEAN connectivity, initiated by stock exchanges within the bloc with HOSE being a founding member,... 

While Vietnamese businesses have been flocking abroad to seek their investment opportunities, experts fear that the businesses are gambling with their investments. Making outward investments are a growing tendency among Vietnamese businesses in recent years. A report of the Foreign Investment Agency, an arm of the Ministry of Planning and Investment, showed that by December 20, 2012, Vietnamese had...