Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Real estate absorbs over 4.4 billion USD in FDI
Foreign direct investment (FDI) in real estate topped 4.4 billion USD as of December 20, accounting for over 16% of the total FDI capital registered in Vietnam, and up 1.8 billion USD year-on-year.
 |
| Illustrative image |
According to the Foreign Investment Agency under the Ministry of Planning and Investment, there were 75 new projects in the sector during this year with a combined capital of more than 1.8 billion USD, and 37 others adjusting their investment capital up by a total 1 billion USD.
Meanwhile, 103 transactions of capital contribution and share purchase were recorded in the sector with an accumulative value of around 1.6 billion USD.
Notably projects included the 900 million USD Lotte Eco Smart City complex in Ho Chi Minh City and the Green Park, developed by YSL Group from the Republic of Korea (RoK), covering nearly 300 hectares in the northern province of Vinh Phuc.
The ssector also saw several major M&A deals, which were Singapore-based Viva Land's acquisition of the Grade-A office building Capital Place in Hanoi from CapitaLand Development (CLD) of CapitaLand Group for 550 million USD, and Keppel Land's purchase of a 49% stake in three residential land plots in Hanoi’s Hoai Duc district for a total of 119 million USD.
Substantial potential remains for the domestic property market in particular and the national economy in general, Nguyen The Diep from the Vietnam National Real Estate Association told Lao dong (Labour newspaper), noting that the real estate sector is expected to attract more foreign investments next year.
Pointing out challenges to the market, he suggested that relevant policies should be adjusted to match the new situation.
Economist Dinh Trong Thinh stressed the need to carefully select investors, with their financial capacity, investment capital and reputation taken into consideration.
Vietnam attracted a total of 27.72 billion USD in FDI as of December 20, equal to 89% of the figure recorded in the same period last year./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
