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.
Vietnam’s real estate market attractive to RoK investors: consultancy company
Vietnam will see more realty projects invested by businesses from the Republic of Korea (RoK) in the coming time as they are seeking opportunities to enter and expand operations in the country, according to Andrew Lee, Korean Desk Manager at real estate consultancy Savills Vietnam.
 |
| Illustrative image. |
A recent survey by Savills Vietnam said Vietnam’s realty market, in addition to the manufacturing sector, has been attracting significant FDI from the RoK over recent years.
The proportion of the RoK’s investment in the market doubled in 2018 compared to the previous year. At the end of 2021, the figure grew 13 percent from 2020.
Since the start of 2022, Vietnam has continued to welcome many new projects from the Northeast Asian nation, including a 900-million-USD one to develop Lotte Eco Smart City Thu Thiem in Ho Chi Minh City.
YSL Group, another Korean investor, is also implementing an industrial land project spanning nearly 300 hectares in Nam Binh Xuyen, Vinh Phuc province.
Savills Vietnam said that logistics and warehouses are attracting attention from many Korean businesses, with the prominent trend being the development of cold storage and smart warehouses.
Vietnamese localities near borders and seaports with good transport infrastructure are also attractive to investors, Lee said.
The RoK is always in the top 3 foreign countries with the highest investment in Vietnam in the last three years, according to the Ministry of Planning and Investment.
In the first five months of this year, it ranked second in investment in Vietnam with over 2.06 billion USD, up 12.6 percent year on year./.
Bài liên quan
Dành cho bạn
Đọc thêm
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.
New regulations create more transparent corporate bond market
A new draft decree on corporate bonds seeks to enhance transparency, tighten accountability, and strengthen oversight to rebuild investor confidence, and support capital market development.
Visa launches contactless payment system across Hanoi metro network
A fully interoperable open-loop payment system has been launched across Hanoi's metro network, enabling Visa cardholders to tap and go on all metro lines in Vietnam.
Russia to build 2,400 MW nuclear plant in Vietnam under new deal
An intergovernmental agreement on cooperation to build the Ninh Thuan 1 Nuclear Power Plant in Vietnam has been signed during Prime Minister Pham Minh Chinh's official visit to Moscow.
Corporate bond market shifts towards public issuance, transparency
The corporate bond market is undergoing a fundamental structural transformation, characterised by a shift towards public offerings and enhanced credit transparency as recent regulatory reforms take effect.
Vietnam launches project to boost RCEP utilisation
Vietnam’s Ministry of Industry and Trade, in partnership with the Regional Trade for Development initiative, on March 23 launched a project to boost utilisation of the Regional Comprehensive Economic Partnership.
Middle East turmoil raises risks for Vietnam's insurance sector
The ongoing Middle East crisis is driving up insurance premiums and tightening reinsurance terms globally, with indirect effects posing growing risks to Vietnam’s insurance sector amid economic uncertainty.
