Vingroup has just announced that they will manufacture electronic devices, starting with the smartphone branded Vsmart. Implementing the strategy to expand the field of industrial production, following the VinFast automobiles and electric scooters production project, Vingroup established VinSmart Company with a charter capital of 3,000 billion VND. VinSmart will operate in two main areas. The … Read more
According to the Foreign Investment Department – Ministry of Planning and Investment, in the first 4 months of 2018, total registered foreign investment capital in Vietnam reached 8.06 billion USD, equaling 76.1% over the same period in 2017. It shows that Vietnam still an attractive destination for foreign investors to invest in Vietnam. Overview of … Read more
A recent study by the Financial Times issued statement on the positive psychology of Vietnamese consumers to the economy, thereby boosting consumer spending and encourage foreign investors to invest in Vietnam. According to the study, Vietnamese consumers still spend heavily on shopping thanks to the dynamic economy, which increases household incomes. This trend is expected … Read more
Vingroup (VIC) has announced that Vinhomes and a subsidiary of Vingroup have signed an agreement with GIC Private Limited – a Singapore Government’s investment fund. This event marked the continuous participation of Singapore investors, a familiar investor that has been and continues to invest in Vietnam Accordingly, GIC will invest a total of 1.3 billion … Read more
Singapore is a reliable partner and a familiar investor for the Vietnam market. Singaporean investors poured capital to invest in Vietnam, specifically Danang city. According to Danang People’s Committee, since the beginning of 2018, the city has granted 27 new FDI projects with a total registered capital of 7.29 million USD, reach 97% over the … Read more