CHINESE INVESTMENT INFLOW BECOMING STRONGER WITH HIGHER QUALITY: INSIDERS
Last month, a delegation from China's Sunwoda Group visited the northern province of Bac Giang to seek investment opportunities. Xiang Hai Biao, General Director of the firm said that Sunwoda plans to build a 300-million-USD factory in the locality to produce electronic components. Previously, Sunwoda built a factory in Bac Giang.
CONSUMER FINANCE REGAINS GROWTH MOMENTUM
Consumer finance firms have enjoyed a buoyant performance so far this year after facing a tough 2023. In EVNFinance JSC's second quarter (Q2) financial statement, the company posted $6.1 million in pre-tax profit, soaring 57 per cent on-year, pushing the company’s cumulative pre-tax profit in the first six months (H1) to $12.94 million, marking a 56 per cent jump on-year.
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TOP 8 FDI DESTINATIONS IN VIET NAM DURING JAN-JULY
Remarkably, the Amkor Group recently obtained an amended investment certificate to boost its investment by an additional US$1.07 billion for its semiconductor project in Bac Ninh. This decision has propelled the total investment in the Amkor project to US$1.6 billion, a staggering 11 years ahead of schedule.
SURVEY ON TAX AND CUSTOMS ISSUES: PREPARATIONS FOR 2024 DIALOGUE CONFERENCE
As part of its annual program and efforts to reform administrative procedures, Vietnam Chamber of Commerce and Industry (VCCI) will partner with the Ministry of Finance to host a national dialogue conference. This event will focus on tax, customs policies, and administrative procedures to address business challenges in 2024.
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VIET NAM’S E-COMMERCE MARKET BOOMING
Viet Nam's e-commerce sector is growing robustly, becoming a vital component of the country's digital economy. Retail e-commerce sales have increased at an average annual rate of 20 percent over the past decade, placing Viet Nam among the fastest-growing e-commerce markets globally and regionally.
GROUNDBREAKING CEREMONY MARKS LAUNCH OF READY-BUILT FACILITY SPECTRUM NGHE AN
Soilbuild International, an established real estate company from Singapore, has achieved a significant milestone in its expansion into the Vietnamese market. On August 1st, 2024, the company successfully held the groundbreaking ceremony for the Ready-Built Facility Spectrum Nghe An at Lot B1&2, WHA Industrial Zone 1 (Phase 2), Nghi Dong commune, Nghi Loc district, Nghe An province.
