Foreign Capital Poured Strongly into Ho Chi Minh City

It has been reported the foreign direct investment (FDI) is strong up to the end of August 2015.  The trend of foreign investors relocating manufacturing site to Vietnam, build factory,and make direct investment through setting up company or business venture has been progressively realized thanks to Vietnam’s policy welcoming FDI and the uncertainties of China.

There are 249 newly registered projects in the form of 100% foreign investment capital, reaching USD 744 million; 78 joint venture projects reaching USD 1,573.6 million.

In terms of investment sector, Vietnam real estate sector topped in the capital pouring in Ho Chi Minh City of Vietnam with 5 projects and the capital reached USD 1,428.4 million, accounting for 61.6% of total newly registered capital, 41 industrial projects with USD 585.7 million (25.3%).  In the third place is the financial and service sector with 90 projects and USD 116 million investment capital (5%); education and training with 8 projects at USD 71.3 million investment capital (3.1%); 53 information and communication projects at 20 million USD investment capital; 17 transport and warehouse projects…

The demographic of investors are diverse.  There are 35 countries and territories having investment projects in Ho Chi Minh City. In particular, United Kingdom following the recent visit of British Prime Minister has 5 projects with investment capital of USD 1,201.4 million (accounting for 51.8% of total investment in Ho Chi Minh City); British Virgin Islands have 7 projects, at USD 306.5 million investment capital (13.2%); South Korea with 71 projects, at USD 232.8 million investment capital (10%); Singapore has 52 projects with USD 107.6 million investment capital (4.6%); Japan has 57 projects, investment capital of 29.9 million USD; Hong Kong has 13 projects, investment capital of 47.8 million USD (2.1%).

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Why Japanese Are Interested in Da Nang?

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Samsung Expands Investment in Vietnam

With the success of Samsung Electronics in Vietnam, many other members of the Group has also interested in expanding investment in Vietnam in such fields as energy, insurance.

As reported by the General Director of Samsung Vietnam, the business activities of Samsung Electronics have performed well. Until May 2015, the total workforce working in the factories of Samsung in Bac Ninh and Thai Nguyen are more than 100,000 people. Due to many new models and more phone lines with more orders, Samsung Vietnam has recruited many more manpower. Currently, the total workforce working for the Samsung factory in Bac Ninh and Thai Nguyen are more than 110,000 people.

Not only focusing on production development, Samsung is still very focused on research and development (R&D). Currently, Samsung Vietnam has one R&D center located in Hanoi with over 1,400 employees.

The Samsung investment panorama in Vietnam is very impressive. Samsung has invested in Bac Ninh and Thai Nguyen from 2009, up to now, the total investment is approximately 7 billion USD. As of July 2015, the total export value of Samsung in Vietnam reached 26 billion USD, contributing to the development of Vietnam. Samsung has created jobs for more than 100,000 people.

Recently, Bac Ninh has granted investment certificate of expansion project for Samsung Display Company Ltd Vietnam with total investment capital of 3 billion USD, investing in the factory that is specialized in research and development, manufacturing of new generation monitors with high resolution for mobile devices…

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Foreign Corporations Want to Invest in The Vietnam Seaports

Sebrina Group Holdings Ltd (Singapore) expressed their desire to seek more opportunities for cooperation between the Group and the Ministry of Transport of Vietnam in the near future; they also showed their interest in the projects to build seaport in Vietnam…

At the meeting with Minister of Transport Dinh La Thang on September 3rd, Mr. Nasrat Muzayyin – CEO and Co-founder of Sebrina Group Holdings Ltd (Singapore) expressed his desire to seek more cooperation opportunities between the Group and the Ministry of Transport of Vietnam in the coming time.

Accordingly, Sebrina Holdings is a strong business in the energy sector. The Group wants to find out traffic projects related to energy in Vietnam. Simultaneously, the Group also expressed interest in the projects to build seaport in Vietnam.

Presently, Vietnam needs to develop breakthrough many sectors, in which transportation infrastructure is seen as one of the bottlenecks that need to develop rapidly in the future.

On that basis, the Minister appreciated the interest of foreign investors, including the Sebrina Group Holdings Ltd and pledged to create favorable conditions for investors to access to essential information about projects for researching and investment in developing the transportation infrastructure in Vietnam.

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Foreign Corporations Want to Invest in The Vietnam Seaports

Sebrina Group Holdings Ltd (Singapore) expressed their desire to seek more opportunities for cooperation between the Group and the Ministry of Transport of Vietnam in the near future; they also showed their interest in the projects to build seaport in Vietnam…

At the meeting with Minister of Transport Dinh La Thang on September 3rd, Mr. Nasrat Muzayyin – CEO and Co-founder of Sebrina Group Holdings Ltd (Singapore) expressed his desire to seek more cooperation opportunities between the Group and the Ministry of Transport of Vietnam in the coming time.

Accordingly, Sebrina Holdings is a strong business in the energy sector. The Group wants to find out traffic projects related to energy in Vietnam. Simultaneously, the Group also expressed interest in the projects to build seaport in Vietnam.

Presently, Vietnam needs to develop breakthrough many sectors, in which transportation infrastructure is seen as one of the bottlenecks that need to develop rapidly in the future.

On that basis, the Minister appreciated the interest of foreign investors, including the Sebrina Group Holdings Ltd and pledged to create favorable conditions for investors to access to essential information about projects for researching and investment in developing the transportation infrastructure in Vietnam.

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Will Vietnam Become The Silicon Valley of South East Asia?

15 years ago, it was hard to find an information technology (IT) company in Vietnam, but now there are nearly 14,000 IT enterprises that produce and develop hardware, software and digital. The Government of Vietnam considered high-tech industry as one of the pillars to promote economic growth of the country. Vietnam has invested heavily in the construction of infrastructure and adopts economic policies to encourage both domestic and foreign enterprises to invest and do business in Vietnam.

Besides, Vietnam has more than 90 million in population with average age of over 30 years old, in which the number of programmers, engineers, young entrepreneurs and students are increasing, that will be the effort to promote economic growth and technological innovation in the country.

More than 20 years ago, the leading technology corporation IBM has opened an office in Da Nang in 1992 and then opened in Hanoi, Ho Chi Minh City in 1994. Also in 2012, Da Nang was recognized by IBM as one of 33 most dynamic cities in the world and was awarded by the company with 50 million USD under the program to support the improvement of infrastructure in three years time.

Many hi-tech parks are established under the IT projects of Vietnam in 2020 that has been responsive to the growing demand for infrastructure for hardware manufacturing, companies producing software and international information technology… This is giving the central city of Vietnam strength to become a center of high-tech boom.

Moreover, three largest IT universities in Vietnam (that are located in Hanoi, Da Nang and Ho Chi Minh City) are the main workforce for the high-tech zone with hundreds of IT students graduating each year. Many young engineers were recruited immediately to famous companies such as Cisco, Fujitsu, HP, IBM, Intel, LG, Samsung, Sony and Toshiba.

In October 2015, the Vietnam IT Conference will be held in Ho Chi Minh City with the attendance of representatives from 150 multinational IT companies, along with more than 200 IT companies from Vietnam and 20 universities. There will be speeches from Gartner, KPMG, HP, LogiGear, Microsoft, Samsung. This is the chance for Vietnam IT industry to present to the world and everyone will witness the boom of the Vietnam IT industry.

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Can Vietnam Become a New Production Center of The World?

Vietnam now is a machining and production center, just behind Singapore on the total investment amount of China.

China is following the model of the Japanese economy and then has higher production costs. Therefore, Chinese enterprises are now diverting into neighboring countries to find the location for new manufacturing facilities.

With great potential for growth, young population structure and lower wage costs, Vietnam will benefit from the development of infrastructure associated with competition for positions in regional influence between China and other major economies.

This is an opportunity for Vietnam to improve its position in the value chain by becoming a global center of production of low-value commodities.

To enhance accessing to investment capitals, becoming a center of manufacturing, global outsourcing and enhancing the position in the value chain, in the long term, Vietnam will actively screening the list of projects FDI under the strategy and development-oriented by the Government.

Vietnam needs to invest in education and training to develop workforce skills. In addition, Vietnam also needs to focus more on investment in environmental infrastructure, especially in transportation and services.

Along with the continuous integration in ASEAN and by the importance of this region for the 4 largest economies in the world, Vietnam has many advantages to attract multinational companies to invest in order to take use existing opportunities of Southeast Asia area.

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FDI Wave from the UK into Ho Chi Minh City

UK businesses are gradually becoming the largest investors in Vietnam.

The southern key industrial zone (SKEZ) including Ho Chi Minh City (HCMC) and neighboring provinces such as Binh Duong, Dong Nai, Long An and Ba Ria – Vung Tau.

SKEZ include 106 active industrial zones with a total area of 33,500ha. Those industrial parks have the advantage that lie near the highway, intercity road, seaport and international airport.

HCMC is the economic center of SKEZ, therefore this is the area that always receives the largest amount of FDI projects.

According to Savills Vietnam, in the first half of 2015, UK businesses have invested the most in HCMC, accounted for 59% of total FDI capitals, followed by investors from the British Virgin Islands (15%) and South Korea ranks 3rd (10%).

HCMC has 16 active industrial parks, operating with 2,300ha leased land, attracted 425 million USD from FDI, increase by 50% compared with 2014.

Currently, HCMC has announced plans to open 7 new industrial parks, with a total area of around 2,000 ha to welcome FDI inflows in the textile, service and food processing industries.

Moreover, in recent years, HCMC has adopted preferential tax policies to encourage new businesses operating in the high-tech industry and related scientific disciplines.

Especially in infrastructure development, in order to welcome foreign investors, infrastructure of the city has been growing rapidly with many underway projects, such as the HCMC – Long Thanh highway, the metro 1 and the belt roads of the city.

In early 2016, two key roads will begin construction includes the belt road no.3 connecting Nhon Trach District, Dong Nai and Ben Luc – Long Thanh highway.

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Foreign Corporations Want to Invest in The Vietnam Seaports

Sebrina Group Holdings Ltd (Singapore) expressed their desire to seek more opportunities for cooperation between the Group and the Ministry of Transport of Vietnam in the near future; they also showed their interest in the projects to build seaport in Vietnam…

At the meeting with Minister of Transport Dinh La Thang on September 3rd, Mr. Nasrat Muzayyin – CEO and Co-founder of Sebrina Group Holdings Ltd (Singapore) expressed his desire to seek more cooperation opportunities between the Group and the Ministry of Transport of Vietnam in the coming time.

Accordingly, Sebrina Holdings is a strong business in the energy sector. The Group wants to find out traffic projects related to energy in Vietnam. Simultaneously, the Group also expressed interest in the projects to build seaport in Vietnam.

Presently, Vietnam needs to develop breakthrough many sectors, in which transportation infrastructure is seen as one of the bottlenecks that need to develop rapidly in the future.

On that basis, the Minister appreciated the interest of foreign investors, including the Sebrina Group Holdings Ltd and pledged to create favorable conditions for investors to access to essential information about projects for researching and investment in developing the transportation infrastructure in Vietnam.

Read More

Will Vietnam Become The Silicon Valley of South East Asia?

15 years ago, it was hard to find an information technology (IT) company in Vietnam, but now there are nearly 14,000 IT enterprises that produce and develop hardware, software and digital. The Government of Vietnam considered high-tech industry as one of the pillars to promote economic growth of the country. Vietnam has invested heavily in the construction of infrastructure and adopts economic policies to encourage both domestic and foreign enterprises to invest and do business in Vietnam.

Besides, Vietnam has more than 90 million in population with average age of over 30 years old, in which the number of programmers, engineers, young entrepreneurs and students are increasing, that will be the effort to promote economic growth and technological innovation in the country.

More than 20 years ago, the leading technology corporation IBM has opened an office in Da Nang in 1992 and then opened in Hanoi, Ho Chi Minh City in 1994. Also in 2012, Da Nang was recognized by IBM as one of 33 most dynamic cities in the world and was awarded by the company with 50 million USD under the program to support the improvement of infrastructure in three years time.

Many hi-tech parks are established under the IT projects of Vietnam in 2020 that has been responsive to the growing demand for infrastructure for hardware manufacturing, companies producing software and international information technology… This is giving the central city of Vietnam strength to become a center of high-tech boom.

Moreover, three largest IT universities in Vietnam (that are located in Hanoi, Da Nang and Ho Chi Minh City) are the main workforce for the high-tech zone with hundreds of IT students graduating each year. Many young engineers were recruited immediately to famous companies such as Cisco, Fujitsu, HP, IBM, Intel, LG, Samsung, Sony and Toshiba.

In October 2015, the Vietnam IT Conference will be held in Ho Chi Minh City with the attendance of representatives from 150 multinational IT companies, along with more than 200 IT companies from Vietnam and 20 universities. There will be speeches from Gartner, KPMG, HP, LogiGear, Microsoft, Samsung. This is the chance for Vietnam IT industry to present to the world and everyone will witness the boom of the Vietnam IT industry

Read More

Can Vietnam Become a New Production Center of The World?

Vietnam now is a machining and production center, just behind Singapore on the total investment amount of China.

China is following the model of the Japanese economy and then has higher production costs. Therefore, Chinese enterprises are now diverting into neighboring countries to find the location for new manufacturing facilities.

With great potential for growth, young population structure and lower wage costs, Vietnam will benefit from the development of infrastructure associated with competition for positions in regional influence between China and other major economies.

This is an opportunity for Vietnam to improve its position in the value chain by becoming a global center of production of low-value commodities.

To enhance accessing to investment capitals, becoming a center of manufacturing, global outsourcing and enhancing the position in the value chain, in the long term, Vietnam will actively screening the list of projects FDI under the strategy and development-oriented by the Government.

Vietnam needs to invest in education and training to develop workforce skills. In addition, Vietnam also needs to focus more on investment in environmental infrastructure, especially in transportation and services.

Along with the continuous integration in ASEAN and by the importance of this region for the 4 largest economies in the world, Vietnam has many advantages to attract multinational companies to invest in order to take use existing opportunities of Southeast Asia area.

Read More

Foreign Capital Poured Strongly into Ho Chi Minh City

It has been reported the foreign direct investment (FDI) is strong up to the end of August 2015.  The trend of foreign investors relocating manufacturing site to Vietnam, build factory,and make direct investment through setting up company or business venture has been progressively realized thanks to Vietnam’s policy welcoming FDI and the uncertainties of China.

There are 249 newly registered projects in the form of 100% foreign investment capital, reaching USD 744 million; 78 joint venture projects reaching USD 1,573.6 million.

In terms of investment sector, Vietnam real estate sector topped in the capital pouring in Ho Chi Minh City of Vietnam with 5 projects and the capital reached USD 1,428.4 million, accounting for 61.6% of total newly registered capital, 41 industrial projects with USD 585.7 million (25.3%).  In the third place is the financial and service sector with 90 projects and USD 116 million investment capital (5%); education and training with 8 projects at USD 71.3 million investment capital (3.1%); 53 information and communication projects at 20 million USD investment capital; 17 transport and warehouse projects…

The demographic of investors are diverse.  There are 35 countries and territories having investment projects in Ho Chi Minh City. In particular, United Kingdom following the recent visit of British Prime Minister has 5 projects with investment capital of USD 1,201.4 million (accounting for 51.8% of total investment in Ho Chi Minh City); British Virgin Islands have 7 projects, at USD 306.5 million investment capital (13.2%); South Korea with 71 projects, at USD 232.8 million investment capital (10%); Singapore has 52 projects with USD 107.6 million investment capital (4.6%); Japan has 57 projects, investment capital of 29.9 million USD; Hong Kong has 13 projects, investment capital of 47.8 million USD (2.1%).

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WSJ: “Made in Vietnam” Goods will Soon Popular Globally

Numerous foreign investors relocating factorties to Long An (Vietnam) to set up business and take advantage of young and low cost workforce.

This province has a dozen industrial zones. As of May 2015, they have attracted 3.67 billion USD foreign investments, 40% of which is poured into textiles sector.

The economists said that this process could accelerate if the Trans-Pacific Partnership agreement (TPP) is agreed. This agreement will reduce import tariffs on many goods exchanged between member states, mainly to benefit the developing country like Vietnam or Malaysia – countries where growth rate depends heavily on exports.

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Benefits of Setting up Business in Hanoi

Benefits of Setting up Business in Da Nang

Benefits of Setting up Business in Ho Chi Minh City

Assistance in Setting up Business in Vietnam

M&A Services in Vietnam

Wages soared and labor shortages in China are making Vietnam become more attractive. Last year, FDI into Vietnam have reached 12.4 billion USD, increase by nearly 25% compared to 2009. One of the largest investors as Samsung Electronics of South Korea whom have plan to double investment in electronics manufacturing in Vietnam.

If TPP takes effect, Vietnam economy will be the biggest beneficiaries because this country has more opportunities to access the large consumer market. TPP will give member countries privileged access to the US and Japan.

The Government of Vietnam is estimated that TPP could bring the economy 33.5 billion USD over the next decade, equivalent to a fifth of current GDP. The export turnover of the main industries, such as textiles and footwear, will increase by 46% to 165 billion USD in 2025 due to tax-free imports into other countries.

In Long An, the 3-storey factory of Avery Dennison is preparing for the influx of orders on clothing labels and price tags. Dozens of concrete houses for workers are also being built – a signal that many other manufacturers are also coming here.

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Why Japanese Are Interested in Da Nang?

There are many advantages in geographical location, low labor costs, open investment environment… have made Da Nang becoming more and more attractive to Japanese investors. The cooperative relation between Da Nang and Japan has already had a solid foundation and are in the best development stage…

Previously, many Japanese investors are often interested in Hanoi or Ho Chi Minh City (HCMC) but recently they have been paying much attention to Da Nang – the city by the Han River. Besides the natural advantages, the Da Nang Government has also actively support and creates favorable conditions for investors, including Japan.

Recently, Da Nang and Japanese localities have also actively expanded their friendly cooperative relations in various fields. Da Nang has officially signed the Memorandum and deploy the friendship cooperation with Kawasaki, Sakai Yokohamam, Mitsuke and is taking steps to promote expanded cooperation, towards the signing of the Memorandum with Nagasaki, Kobe, Yaizu, Fukuoka, Otawara, Nemuro, Kushiro, Matsusaka. Da Nang is Vietnam’s pioneering province of Vietnam that has representative office in Tokyo…

Up to now, there are more than 120 enterprises and representative offices of the company from Japan have been active in Da Nang, with total investment of about 500 million USD, creating more than 30 thousand jobs for local workers. Annually, Da Nang also welcomed about 200 Japanese delegations came to survey and seek opportunities for cooperation and investment.

There are many projects in Da Nang that are constructed using ODA capital from Japan such as Hai Van Tunnel, the project to upgrade Tien Sa port, Da Nang Hospital…

Da Nang has a favorable geographical location as international gateway when lying on the East – West economic corridor, linking the countries in the ASEAN region. In addition, Da Nang has open investment environment with the liberal policies, implemented by the Government, transparent and facilitate administrative transactions…Moreover, Da Nang also has the advantage of cheap labor costs. Labor cost here is only 1/3 the salary paid to Chinese workers, an important factor in deciding to investment…

To welcoming the wave of Japanese investors, Da Nang has applied teaching Japanese language at secondary and high schools. Until now, Da Nang is province with the highest the number of students who study Japanese language in the central of Vietnam.

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