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French Businesses Build Earth Observation Station in Vietnam

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  French companies will exploit highway and building earth observation station in Vietnam. Moreover, many important cooperation agreements in the economic field have been signed this morning with the witness of heads of two countries. On the sidelines of the talk between President Tran Dai Quang and President of France – Francois Hollande on September 6th 2016, representatives of FPT Joint Stock Company and Telespazio France (France’s leading company in the field of satellite system management and exploiting) have signed cooperation agreements with many important commitments. Accordingly, the two sides will jointly collect and handle the data related to sea and land environmental monitoring, which are obtained from satellites and other facilities in order to create products and services on the platform of cloud computing. FPT and Telespazio France will also look towards the establishment of an EarthLab center in Vietnam, which is an Earth observation center from satellite. If estab...

Forbes: Vietnam is Becoming Economic Tiger of Asia

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The website of Forbes has recently published the article of author Ed Fuller with the title “Vietnam is ready to become the next economic tiger of Asia.” Like South Korea, Taiwan and China, Vietnam is having many base advantages. According to the economic report till August of 2016, foreign direct investment (FDI) into Vietnam has reached a record level in 2015 and this year could be higher. Only the first half of 2016, FDI into Vietnam reached 11.3 billion USD, increased by 105% over the same period last year although in the context of the global economy is moving very slowly. Since 1990, the average economic growth of Vietnam reached 7% per year, just behind China. This growth has brought Vietnam from a poor country into the country with average income level of the world. If Vietnam continues to keep the growth rate of 7% per years in the next 10 years, the Vietnam economy will grow just like China and many other economic tigers in Asia. Vietnam now has more than 92 million people, m...

German Enterprises Seeking Investment Opportunities in HCM City

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  At a meeting between the leaders of Ho Chi Minh City (HCMC) and the German Business Association (GBA), Mr Jens Ruebbert – Chairman of GBA said that Vietnam is an attractive destination for investment and business activities of foreign investors, including German businesses. Go along with Mr. Jens Ruebbert attending this meeting, there are more than 70 German enterprises operating in various fields, wishing to expand investment and trading activities in a number of potential areas such as automobile, production, communication, finance, insurance… With advanced professional qualifications and also experiences, German enterprises are expected to seek investment and trading opportunities, bringing practical benefits for both sides of the business community, as well as both countries. Germany is one of the major and efficient partners of Vietnam in the field of education and training, science and technology… It is possible to mention some of their projects that have been implementing ...

Korea Convenience Store Chain Presented in Vietnam

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  In September 2016, the two first Ilahui stores in Vietnam have opened in Hanoi and  Ho Chi Minh City  (HCMC) in the form of franchise. According to Ilahui brand manager in Vietnam, in the fourth quarter of 2016, this brand will expand to 6 – 8 stores to serve the needs of customers both throughout the country. In the next 5 years, Ilahui will have at least 200 stores spreading across the provinces of Vietnam. With the advantages of products and prices are updated, diverse in types and designs with elegant shopping space, the company expects this will be a new business model with strong penetration step into Vietnam retail market. According to Nielsen Vietnam – a market research firm, among 93 million people of Vietnam, there are nearly 60% of the population are under 35 years old. The income of this class has also increased from 433 USD per person per year (in 2000) to 2,111 USD per person per year (in 2015). Vietnamese consumers also have demand to enjoy new and qualit...

Vietnam Real Estate Attracts Singapore Investors

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  Investment flows from Singapore to  Vietnam real estate sector  are increasing with the presence of many huge investors. According to the Consulate General of Republic of Singapore in Ho Chi Minh City (HCMC), Vietnam is one of the leading markets for investment of Singapore businesses. Currently, Singapore’s  real estate businesses  are operating successfully in Vietnam. A typical case is the 7 Vietnam – Singapore Industrial Parks (VSIP) that has attracted more than 8 billion USD of investment capital and creating jobs for more than 155,000 workers. According to Director of Department of International Business Development of Singapore, many multinational enterprises that headquartered in Singapore are also very interested in  the real estate market of Vietnam . One example is the Kusto Home Company based in Singapore, which is developing and managing the Diamond Island project in HCMC. According to President of Kusto Home, they have studied Vietnam real e...

Vietnam Aviation Outlook in 2016

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  Vietnam aviation market is growing fast with fierce competition. Although the growth rate reaches 20% in the first quarter of 2016, the airport infrastructure systems are not fully meet the demand. Currently Vietnam Airlines (VNA) is at the last stage of the equitization process. Therefore, when the largest airline company of Vietnam finishes their equitization process, the majority of enterprises in this industry are  joint stock companies . Currently, Vietnam aviation industry has 137 aircraft teams with very young age (less than 6 years old) and the aircraft team is forecasted to increase rapidly in the coming time. Domestic aviation market is increasingly fierce competition as VietJet Air has 31 aircrafts and VNA has 88 aircrafts, which are mainly serve domestic flights. However, while VietJet already accounts for 37% of the market, the market share of VNA fell below 50%. Accordingly, the competition in the domestic market is very fierce. Furthermore, there are 53 foreig...

M&A Vietnam – “Hot” Investment Channel

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  In recent years, foreign investors spent approximately 3 billion USD to buy shares in more than 3,000 enterprises in Vietnam, in which most of them purchased over 50% of the shares. It indicates that investment trends through the model of merger and acquisition (M&A) are booming strongly in the market. According to the report from the Foreign Investment Department under the Ministry of Planning and Investment, from July 1st 2015 to July 1st 2016, there were 3,141 companies in Vietnam are acquired by foreign investors in the form of buying shares. The total value of those deals is 2,948 billion USD. This is the first time the Foreign Investment Department showed the statistics on foreign investment flows into Vietnam through  M&A activities . It shows that the trend of investment into Vietnam through M&A is increasing greatly. As reported by the IMAA, a foreign research institute on M&A, the total value of M&A in Vietnam in 2015 reached 4.3 billion USD, 40...