Vietnamese enterprises expanding into international markets

Hoang Anh Gia Lai Group has become one of the most successful investors in this neighbouring country with the total investment capital of US$1 billion in such areas as rubber, sugar cane, mining and hydropower industries.

Vietnamese firms invest over $24.5b in foreign countries as of July-end

The investment capital of Vietnamese investors exceeded $10.7 billion and chartered capital of Vietnamese investors also reached approximately $10 billion. They mainly invested in mining sector with about $17 billion, of which, Vietnamese investors poured over $4.3 billion and chartered capital of over $3.7 billion.

Pepper futures show mixed trend amidst aggressive spot buying

As the futures prices were ruling high exporters were covering aggressively and actively farm grade pepper from the spot market while investors were buying exchange pepper at Rs 3 above the September delivery price. Overseas demand appears to have made the exporters buy actively. Even Vietnam processor-exporters were said to be covering farm grade pepper from India to meet their export commitments, market sources told Business Line.

Expert predicts inflation at single-digit rate in 2012

Fiachra Mac Cana, managing director and head of research of the Hochiminh City Securities Co. (HSC), told a meeting with investors last Friday that 2012 inflation would be around 10 percent or so, as money supply has been choked off and the pressure on price increase has abated. The global growth is slowing down so there is no much pressure on prices, and furthermore, the credit growth and money supply growth have come down substantially this year, he said.

Domestic retailers tend to join hands with foreign

It is a growing tendency that domestic retailers join forces with foreign groups to develop business. Dr Dinh Thi My Loan, Deputy Chair and Secretary General of the Vietnam Retailers’ Association, said that the establishment of joint ventures in the retail sector is foreseeable. “It is understandable why domestic retailers want to team up with foreign investors. It is their right to do that,” she said.

FDI should be on the right track

Many foreign-invested enterprises in Vietnam are struggling at the bottom of the value chain. “On average, only 5 percent foreign investors nationwide invests in advanced technology production and information and communication technology; 5 percent takes part in scientific and technical services; and 3.5 percent in insurance or finance, which all require high-caliber workforce,” states the PCI report. “Foreign-invested businesses’ trend toward raw material exploitation should be scrutinized and analyzed carefully,” Dr. Tran Dinh Thien, director of the Vietnam Institute of Economics, stressed.

Business start-up rules contradict intent of law

The Law on Investment, enacted the same year, affirmed the nation’s non-discriminatory approach to both domestic and foreign investors. Despite the admirable objective of creating a level playing field for all enterprises, establishing an enterprise in Viet Nam remains a tangled web.

PPP projects slow to gain sufficient traction

Last November, Prime Minister Nguyen Tan Dung adopted a decision regulating the implementation of pilot PPP projects in a bid to encourage private investors to engage in infrastructure development. PPP involves collaboration between the government and the private sector in carrying out projects with social benefits. Both sides share the responsibilities and risks of such projects. The government now allows PPPs in nine sectors including airport and seaports, energy, roads, railway, water supply, healthcare and urban transport.

Domestic steel prices drop substantially

According to Nguyen Tien Nghi, Deputy Chairman of VSA, the main reason for the fall of domestic steel price is the cancellation of public investments and the halt of unnecessary projects. In addition, steel prices the world over have decreased and many investors have cut investments in construction in response to the Government’s policy to minimise inflation.

Foreign investors list problems in Vietnam

“There is a big difference between what the regulations state and their actual implementation, hindering investors’ plans,” Han Jae Jin, chairman of the Korean Chamber of Commerce’s foreign affairs board, said.

Investors from Japan seek opportunities

JETRO plans to hold a trade fair in Ha Noi from September 15 to 17. “Japanese companies always require high-quality products from partners. If Vietnamese companies meet Japanese standards, they will also meet the strict requirements of other countries in the world.”

SGP cooperates with Japanese investors

Under the agreement, Japan’s Daio Paper Company (Daio) and BridgeHead Investment Fund under the Development Bank of Japan (DBJ) will hold a 38 percent stake in SGP and have roadmaps to continue investment in the company.

April 28: Vietnam stocks closed mixed, broad market sentiment weak

The benchmark VN Index gained 3.61 points or 0.76% to 472.93. Volume fell 17% to 23.6 million shares traded for VND446.62 billion. Analysts cannot see a sustainable rally yet but they see opportunities of buying into the lows for long term investors. Short term risks are seen.

Province to get tough on tardy tourism projects

The projects had been licensed between one and two years ago, but the investors had either not begun work on them or failed to furnish investment plans to authorities.

Asia’s $1 trillion infrastructure opportunity

Traditionally, most Asian infrastructure projects have been funded by governments or domestic banks. Foreign investors were mostly excluded. Those that were allowed to participate faced severe restrictions, including complex regulatory and legal regimes, uneven workforce quality, and occasional political interference. In the wake of the financial crisis, however, we have started to see signs that global private capital is increasingly welcome. The combined effects of increased stimulus spending and reduced tax receipts have increased deficits, with the result that restrictions on foreign investment are easing and a growing number of projects are being carried out under public–private partnerships (PPP). We estimate that over the next ten years fully $1 trillion of the $8 trillion of projected infrastructure projects will be open to private investors under PPPs. The questions for owners of global capital are how to identify the opportunities, how to mitigate the main risks, and how to develop appropriate entry strategies.

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