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LG Electronics last week inaugurated its mega electronic manufacturing complex in the northern port city of Haiphong, helping to make Vietnam one of the largest electronics export hubs in the world.
US-based Cedar Point International LLC’s project for a $450 million resort in the central province of Ninh Thuan has been cancelled due to its long delay.
Tata Power plans to increase investments in Vietnam to exploit business opportunities in an increasingly energy-thirsty market, with an additional project in the Mekong Delta province of Soc Trang under consideration.
Foreign direct investment accelerated in Vietnam in January both in commitment and disbursement capital, highlighting the growing momentum of inward investment inflows into the country.
The central province of Quang Tri – home to one of the bloodiest battlefields during the American War – is now renowned as one of the country’s top investment locations.
Given the strong rebound of the economy and growth of investee companies, Vietnam-focused funds management firm Mekong Capital ended a successful year for 2014.
Canada’s Naanovo Energy Inc has filed an application for an investment certificate to build a 17 megawatt waste-to-energy plant in the central province of Thanh Hoa.
Foreign investors who apply online for permission to invest in Vietnam will be able to receive investment certificates online as of 2015.
Growth in new business start-ups is expected to boom in the near future based on amendments to the new Law on Investment.
Citi Vietnam last week announced the completion of an export credit agency-supported financing package arrangement to National Power Transmission Corporation (NPT) for the construction of power transmission projects in the south of Vietnam.