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Private Hospital Projects Attract Foreign Investment

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After many domestic investors failed to invest in the construction of private hospital, from 2014 until now, especially in the first months of 2016, there were many foreign investors interested in this area. Recently, a US delegation composed of more than 40 representatives from US leading hospitals, pharmaceutical companies, medical equipment companies, research institutions and medical training institutions came to offer Ho Chi Minh City (HCMC) leaders, as well as with the 175 Military Hospital to join hands and develop the private health sector under the health socialization policy of HCMC till 2020. According to the chairman and founder of the worldwide health service network company, they want to invest in Vietnam medical sector. If so, in addition to investment in infrastructure and equipment in the public – private cooperation model, investors also need to invest in manpower training and hospital management model to operate more efficiently. According to the Director of the HCMC...

US Investors Invest in Ho Chi Minh City

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Ho Chi Minh City (HCMC) is an exciting investment destination with total FDI capital reached 40 billion USD. With many advantages in economic development and business environment, foreign investors have been coming to set up business in Ho Chi Minh City . Mr Dinh La Thang, Party Secretary of Ho Chi Minh City (HCMC) has met group of United States (US) investors led by Mr Howard Lutnick, Chairman and CEO of Cantor Fitzgerald Financial Group come to explore investment opportunities in HCMC. Highly appreciated the US investors have chosen HCMC to invest in Financial Tower project, Mr Dinh La Thang committed that the city would create the most favorable conditions for US businesses as well as other international investors, bringing benefits to the enterprise and also the city. At the same time, the city desires Cantor Fitzgerald Group and US investors will soon implement the Financial Tower project in Thu Thiem urban area, bringing Thu Thiem into a financial center in the region, attracting...

German Enterprises Seeking Investment Opportunities in HCM City

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At a meeting between the leaders of Ho Chi Minh City (HCMC) and the German Business Association (GBA), Mr Jens Ruebbert – Chairman of GBA said that Vietnam is an attractive destination for investment and business activities of foreign investors, including German businesses. Go along with Mr. Jens Ruebbert attending this meeting, there are more than 70 German enterprises operating in various fields, wishing to expand investment and trading activities in a number of potential areas such as automobile, production, communication, finance, insurance… With advanced professional qualifications and also experiences, German enterprises are expected to seek investment and trading opportunities, bringing practical benefits for both sides of the business community, as well as both countries. Germany is one of the major and efficient partners of Vietnam in the field of education and training, science and technology… It is possible to mention some of their projects that have been implementing in Vie...

Korea Convenience Store Chain Presented in Vietnam

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In September 2016, the two first Ilahui stores in Vietnam have opened in Hanoi and Ho Chi Minh City (HCMC) in the form of franchise. According to Ilahui brand manager in Vietnam, in the fourth quarter of 2016, this brand will expand to 6 – 8 stores to serve the needs of customers both throughout the country. In the next 5 years, Ilahui will have at least 200 stores spreading across the provinces of Vietnam. With the advantages of products and prices are updated, diverse in types and designs with elegant shopping space, the company expects this will be a new business model with strong penetration step into Vietnam retail market. According to Nielsen Vietnam – a market research firm, among 93 million people of Vietnam, there are nearly 60% of the population are under 35 years old. The income of this class has also increased from 433 USD per person per year (in 2000) to 2,111 USD per person per year (in 2015). Vietnamese consumers also have demand to enjoy new and quality shopping experi...

Foreign Capital Poured Strongly into Ho Chi Minh City

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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 mi...

Apple’s Co-founder Comes to Vietnam

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  Apple’s Co-founder Steve Wozniak will attend Vietnam SMAC Conference 2015 and share IT experience with 400  businessmen in Ho Chi Minh City  on December 2nd 2015. If Apple’s CEO Steve Jobs is remembered as the person who bring Apple to the world then Steve Wozniak is the great technical brain of Apple that help to create the first computer, starting of many following success. While the technology trends are changing daily, there are still many Vietnam enterprises that are confused with the application of technology in business. Organized by MobiFone Telecommunications Corporation, SMAC Conference 2015 with the participation of Steve Wozniak and leaders of many leading technology corporations in Vietnam is an opportunity for the businessman community to update the technology trends worldwide, as well as meet and share experiences in the application of information technology, IT services solutions in administration and business. Attending this event, Steve Wozniak will br...

Singaporean Investors Increase Capital in Finance and Technology

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In addition to the real estate sector, Vietnam has recently been considered a key market for many financial and technology enterprises from Singapore. Investment capital flows of Singaporean businesses are flowing strongly into southern provinces to welcome opportunities when Vietnam joins many free trade agreements (FTAs). According to a report by Ho Chi Minh City Statistics Office, in the first 9 months of 2020, out of 111 countries and territories having investment projects in the City, businesses from Singapore contributed 813.5 million USD, accounting for 25 % of total foreign direct investment (FDI) in Ho Chi Minh City. Broadly, according to recent statistics, out of 106 countries and territories having investment projects in Ho Chi Minh City, Singapore is ranked first with 1,100 projects with a total investment of 10.73 billion USD. Up to now, there have been many investors, large corporations of Singapore such as Keppel Land, Capital Land… having large-scale projects in Ho Chi ...

Benefits of Setting Up Company in Ho Chi Minh City

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Ho Chi Minh City is considered as Vietnam’s economic hub. During the long history of foundation and development, the city’s economy is growing constantly and motivating the development of the country. The city is therefore considered as a potential investment environment for domestic investors as well as foreign investors. The investment through establishing companies and conducting business activities in Ho Chi Minh city certainly promises to achieve multiple benefits. These benefits come from the following reasons. First, Ho Chi Minh City has strategic location advantage in Vietnam. Southeast Asia Region, Ho Chi Minh City is 1,700 km south of Hanoi, 297 km east of Phnom Penh, Cambodia, 881 km east of Bangkok, Thailand. Food, glass, textiles, paper products, plastics, chemicals, building materials and machinery are produced here. Ho Chi Minh City accounts for 20% of total gross domestic product (GDP), 30% of industrial production and 40% of export products of Vietnam. The city also ac...