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Thứ Sáu, 22 tháng 9, 2017

Hemaraj (Thailand) Builds Billion-Dollar Industrial Park in Nghe An


Nghe An – a province located in the central region of Vietnam always has a lot of attractive incentives for foreign investors who come and set up business in Vietnam. In which, Nghe An has a number of solutions to support infrastructure enterprises to quickly implement large-scale industrial parks, including the Hemaraj industrial park – which is preparing to start construction.
According to the plan, at the end of October 2017, Hemaraj industrial park project in the South East Economic Zone will be started construction by Hemaraj Group (Thailand). construction work. The project has a total area of about 3,200 hectares, total registered investment of about 1 billion USD, divided into 7 phases, in which phase I has an area of nearly 500 hectares.
According to leaders of Nghe An province, the provincial leaders are providing maximum support to Hemaraj so that the project can started construction as soon as possible.
Prior to that, in September 2015, a joint venture between Sembcorp Group (Singapore) and Becamex IDC have kicked off the VSIP Nghe An project with an area of 750 hectares. Currently, the project has leveled and built synchronous infrastructure for about 100 hectares of industrial land phase 1A.
More than 90 companies from many countries and territories have come to seek information and investment opportunities at VSIP Nghe An and 10 companies have signed investment commitments with total investment capital of over 400 billion VND. By the beginning of September 2017, some companies was handed over land and started to build the plant.
In order to attract investment, leaders of Nghe An province will be more drastic in reforming administrative procedures. Accordingly, if foreign enterprises want to complete the investment license application, they should only go through the one-stop department of the Investment Promotion Center of Nghe An province.

Thứ Ba, 19 tháng 9, 2017

Hemaraj (Thailand) Builds Billion-Dollar Industrial Park in Nghe An


Hemaraj (Thailand) Builds Billion-Dollar Industrial Park in Nghe An

Nghe An – a province located in the central region of Vietnam always has a lot of attractive incentives for foreign investors who come and set up business in Vietnam. In which, Nghe An has a number of solutions to support infrastructure enterprises to quickly implement large-scale industrial parks, including the Hemaraj industrial park – which is preparing to start construction.
According to the plan, at the end of October 2017, Hemaraj industrial park project in the South East Economic Zone will be started construction by Hemaraj Group (Thailand). construction work. The project has a total area of about 3,200 hectares, total registered investment of about 1 billion USD, divided into 7 phases, in which phase I has an area of nearly 500 hectares.
According to leaders of Nghe An province, the provincial leaders are providing maximum support to Hemaraj so that the project can started construction as soon as possible.
Prior to that, in September 2015, a joint venture between Sembcorp Group (Singapore) and Becamex IDC have kicked off the VSIP Nghe An project with an area of 750 hectares. Currently, the project has leveled and built synchronous infrastructure for about 100 hectares of industrial land phase 1A.
More than 90 companies from many countries and territories have come to seek information and investment opportunities at VSIP Nghe An and 10 companies have signed investment commitments with total investment capital of over 400 billion VND. By the beginning of September 2017, some companies was handed over land and started to build the plant.
In order to attract investment, leaders of Nghe An province will be more drastic in reforming administrative procedures. Accordingly, if foreign enterprises want to complete the investment license application, they should only go through the one-stop department of the Investment Promotion Center of Nghe An province.

Chủ Nhật, 17 tháng 9, 2017

Macau Casino Group Poured Billions of Dollars into Vietnam

Sun City is currently the largest casino resort group in Macau, spending billions of dollars investing heavily in casino resorts in Asia and set up casino business in Vietnam.
The group was founded in 2007, owns about 17 VIP clubs and 280 gaming tables, serving Macau’s largest betting and casino market as well as VIP clubs in Korea, China and Philippines.
Currently, Sun City operates large casinos with monthly betting up to 130 billion HKD (approximately 17 billion USD). However, in order to expand its business in Asia, Sun City is spending billions of dollars investing in casino real estate projects in Japan and other countries, including Vietnam.
This plan of Sun City kicked off in 2014 with the acquisition of shares and the bid to operate large casinos in many countries.
In Vietnam, a 4 billion USD casino resort project in South Hoi An is underway to build phase 1 with a total investment of 500 million USD with the participation of Sun City. Three partners involved in investing in this billion dollar resort complex are Sun City, Chow Tai Fook (Hong Kong) and Vinacapital.
According to Bloomberg, Sun City owns 34% of the complex through its subsidiary and has acquired the casino management contract of the project.
The South Hoi An project has scale of up to 985.6 ha, the total investment is 4 billion USD. Currently, the phase 1 of the project is expected to develop on an area of about 163 ha, with an investment of nearly 500 million USD, including resort, casino complex, luxury golf course, hotel rooms, luxury apartments and add-ons…
Previously, Sun City has also been eyeing the Vietnam resort market when concerning and want to invest in a casino project in Duong To (Phu Quoc). However, due to the land fund in this area has been licensed to other investors, Sun City wants to replace by Rach Tram, Bai Thom commune.
In 2010, VinaCapital and Gentinh Berhad of Maylaysia were licensed to invest in South Hoi An project, however, due to financial difficulties, in 2012, Gentinh Berhad unexpectedly withdrew from this project, thus VinaCapital has been continuously seeking for investment cooperation partner. In 2014, Hong Kong billionaire Cheng Yu Tung – the owner of Hong Kong’s Chow Tai Fook, a Hong Kong-owned jewelery and real estate group, ranked by Forbes as the fourth richest person in Hong Kong with total assets worth 16.2 billion USD has participated into this project, in partnership with Sun City and VinaCapital.
With the expansion of casino-based real estate business in Vietnam as well as in other countries in the region, Sun City is clearly seeking to become a leading casino corporation in the world, such as Las Vegas Sands or Wynn Resorts.
According to Bloomberg, Sun City’s expansion ambitions are planned even when the Macau casino market is growing fast thanks to China’s economy recovering and players spending more and more money, with a 20.4% increase in August. Casino revenue in Vietnam is estimated at 1.2 billion USD, according to Grand Govertsen, a Macau-based gaming analyst. Finally, also according to this report, Vietnam now has about 30 gaming establishments with prizes with 1,900 slot machines and 400 tables. With the relationships with VIP customers of Sun City, it is believed that the project will achieve significant ROI.

Gia Lai Calling for Investment in High-Tech Agriculture and Tourism



In recent years, Vietnam has continuously called for foreign investors to come and set up business in Vietnam and most recently, Department of Planning and Investment of Gia Lai province is planning to coordinate with the Department of Planning and Investment of Ho Chi Minh City (HCMC) to organize Gia Lai Investment Promotion Conference 2017.
The conference is scheduled to be held at the end of this year in Pleiku city, Gia Lai province. The areas highlighted at the conference will be: high technology agriculture, agricultural products processing and tourism. These areas are considered as strengths with high potential development of Gia Lai province.
In terms of projects that are given the investment policy decision by Gia Lai Provincial People’s Committee (10 projects – total registered capital of 5,516 billion VND) at Gia Lai Investment Promotion Conference 2016, currently 3 projects have completed construction and go into operation: Sugar Factory Project and An Khe Biomass Power Plant Project, which is invested by Quang Ngai Sugar Joint Stock Company, Beef Experiment Project of Tay Nguyen Dairy Products Joint Stock Company. In addition, six projects are under development and another is being revised.

Thứ Năm, 14 tháng 9, 2017

AES (USA) Wants to Invest in Son My 2 Thermal Power Plant




AES Energy Company (USA) wants to invest and deploy the project of Son My 2 Gas Hydropower Plant and LNG Port Warehouse in Son My commune, Ham Tan district, Binh Thuan province together with PV Gas Corporation Vietnam (PV Gas).
At the working session with Vietnam Oil and Gas Group (PVN), Mr David Stone – General Director in charge of Vietnam market of AES Energy Company (USA) expressed the wish to be supported by PVN to invest and deploy the project of Son My 2 Gas Hydropower Plant and LNG Port Warehouse in Son My commune, Ham Tan district, Binh Thuan province together with PV Gas Corporation Vietnam (PV Gas).
PVN’s Deputy General Director affirmed that PVN is supportive and willing to cooperate with such American investors as AES in the field of oil and gas, especially gas thermal power and port warehouses projects that PVN is calling for investment. PVN also requested AES to work closely with PV Gas and report the results to PVN as soon as possible.
The Son My 2 Gas Hydropower Plant project is one of the 9 gas thermal power projects assigned by the Government to PVN as the investor and the power project under the revised Power Development Master Plan VII.
This project is expected to include 3 Son My plants, which are Son My 2.1, Son My 2.2 and Son My 2.3 with an expected capacity of 750 MW per plant, using imported LNG for power generation and will be located at the Son My Oil, Gas, Industry and Service Complex.
According to the plan, 3 plants under the Son My 2 gas power plant project will be operated in 2023, 2024 and 2025 respectively.
AES operates in the US electricity sector and is on the list of 200 global energy companies, ranked by Fortune Magazine.
AES operates mainly in the field of thermal power and renewable energy production in 17 countries around the world. The power plants of AES are diversified in power sources including coal-fired thermal power, gas-fired thermal power, thermal gas power, hydro-electric power, wind power and biomass power.
AES now owns an LNG plant in the Dominican Republic with the port that can unload 10,000 m3/h and a 160,000 m3 LNG storage tanks. Moreover, AES is the owner of the LNG project with a 170,000 m3 depot in Panama and has participated in the BOT Mong Duong 2 power plant project.

Thứ Ba, 12 tháng 9, 2017

Thailand: Long-term Investors in Vietnam Market




Thailand is one of the few investors involving in a lot of industries in Vietnam, they set up business in Vietnam for years and this trend has not shown signs of decline.
Thailand was one of the first foreign investors came to Vietnam in 1992. To date, Thai investors have committed to invest in Vietnam 468 projects with a total registered capital of 8 billion USD, ranked 10thamong countries and territories investing in Vietnam. Thai investors have poured capital into many sectors of Vietnam’s economy, from processing industry to agriculture, wholesale and retail…
After more than 25 years of presence in Vietnam, Thais have quietly acquired BigC, Metro, Nguyen Kim, Vinamilk, Prime… The chain of wholesale and retail stores of Thai people has spread throughout Vietnam. Not many foreign investors in Vietnam can do that.
With a large investment scale, it can be said that Thailand is the leading investment partner of Vietnam. Meanwhile, in ASEAN, Thailand is Vietnam’s largest trading partner, while Vietnam is Thailand’s second largest export partner, with total bilateral trade in 2016 reached 12.5 billion USD. Of which, Vietnam exports to Thailand reached 3.7 billion USD. In the first half of 2017, total two-way trade turnover reached nearly 7 billion USD, increase by over 22% over the same period last year. The two sides set a target to bring two-way trade turnover to 20 billion USD by 2020.
However, Vietnam and Thailand are also direct “competitors” in both competition to attract foreign investment and export goods. There are a lot of Thai exports that are similar to Vietnam’s exports, in which rice is one of the typical items.
In terms of investment attraction, Thailand has long been a leading investment destination in the region and Vietnam is competing directly with this market. In recent years, many Korean and Japanese investors, including LG, have decided to move production sites from Thailand to Vietnam. According to a report released by PwC, Vietnam has surpassed both Thailand and Malaysia in terms of new FDI inflows. Even PwC says that overtaking Thailand and Malaysia, Vietnam is at a “booming point” in the development process, thanks to a series of trade agreements being signed and an increasingly transparent and open business environment.

Thứ Năm, 29 tháng 6, 2017

Foreign Investment in Hanoi Increased Strongly

Foreign direct investment (FDI) into Hanoi is increasing in both quantity and quality. Foreign investors have gradually believed in the decision to set up business in Vietnam.
Kết quả hình ảnh cho Đầu tư nước ngoài tại Hà Nội tăng mạnh
Unlike many other localities in the country with large FDI projects such as billion-dollar manufacturing complex, Hanoi is much quieter in attracting FDI. But the reality is different. According to the statistics from the Foreign Investment Agency (Ministry of Planning and Investment), up to the end of May 2017, Hanoi still ranked at the 4thplace among provinces attracting the most FDI with over 26.2 billion USD.
If we list the large-scale FDI projects registered in Vietnam since the beginning of 2017, Hanoi can contribute 3 projects, first is Aeon Mall Ha Dong with registered capital of 192.51 million USD. The next is Coca-Cola Vietnam’s 319.8 million USD capital increase project and 72 million USD Park City project.
Last year, a series of FDI projects poured into Hanoi. For example, the project to invest in the purchase and operation of technical system, equipment, technology, software and trading of lottery elective named “Vietlott” (210 million USD); Vietnamobile Company increased its capital (208 million USD); or Vietnam Public Bank project (134 million USD) …
Not to mention, Hanoi has attracted Samsung’s 300 million USD Center for Research and Development (R&D). This proves that the quality of FDI inflows into Hanoi has been improved.
According to information from the Hanoi Department of Planning and Investment, the city is working hard to improve the investment environment to attract more investment capital both at home and abroad. Many solutions have been mentioned, such as facilitating access to land, land use, land for investment and business; improve the efficiency of administration, administrative reform, improve the investment environment; promoting and enhancing the effectiveness of investment promotion activities…
Good news for Hanoi is that the Prime Minister has officially issued a separate Decree allowing the implementation of separate mechanism for the Hoa Lac Hi-Tech Park. For example, allowing investment projects in Hoa Lac Hi-Tech Park to enjoy the highest incentives in accordance with the law of Vietnam, allowing the application of the one-door mechanism, prioritizing the allocation of land funds to develop housing for employees… This is also an opportunity for Hanoi to attract investment in hi-tech sectors, attracting investment from multinational corporations – a priority orientation for FDI attraction identified by Hanoi for many years.
In addition, Hanoi also determines to encourage the development of supporting industries, biotechnology, using modern technology, friendly with the environment; projects in the field of information technology, agricultural development, food safety… And especially, large-scale infrastructure projects.
Without hesitation, Hanoi has frankly expressed the desire that Japanese investors will invest in urban railway projects, investment projects to build bridges spanning the Red River, ring routes, metro lines, underground parking lots, satellite urban areas…
Not only FDI capital, calling for investment in these projects also means that Hanoi also determined to promote investment in the form of public-private partnerships (PPP). In the first 6 months, Hanoi has attracted 24 PPP projects, with a total investment of 32.103 billion USD. A very promising shift, promising that in the coming time, there will be strong waves of investment poured into Hanoi.