Want to be in the loop?
subscribe to
our notification
Business News
AMATA PLANS USD1.6 BILLION INDUSTRIAL COMPLEX IN QUANG NINH
She said at this point the company has submitted an investment application to the Vietnam government that is expected to be approved by the end of the third quarter of the year.
The company intends to conduct an initial public offering in the third quarter to raise the USD8.5 million funds it plans to spend on the first phase of the industrial park with construction to start next year.
It expects an estimated 1,000 factories to be set up in the first phase, which should be completed by 2018.
The plan has the company spending 10-15 years and a budget of USD1.6 billion to develop all 5789 hectares of the estate, separated into 10 phases and completed by 2030.
Amata VN expects investors from Japan, the Republic of Korea and Taiwan will be interested in moving their production bases to Vietnam, especially attracting high-technology companies in electronics.
Source: CPV
Related News
VIETNAM ECONOMY INVESTMENT
SPECIAL INVESTMENT PROCEDURE: A GAME CHANGER FOR HIGH-TECH PROJECTS IN VIET NAM
Viet Nam is poised for a regulatory shift with the upcoming implementation of a special investment procedure starting earlier next year. Starting from January 15, 2025, investors will be able to enroll for investment under special procedures as outlined in the Draft Decree detailing the Investment Law.
TECHNOLOGY
CLEAR LEGAL FRAMEWORK NEEDED TO UNLOCK DIGITAL ASSET POTENTIAL
The past decade has seen remarkable advancements in technology worldwide, particularly in digital assets such as blockchain, cryptocurrencies, asset tokenization and decentralized finance (DeFi). Once unfamiliar, digital assets have now become integral to the global financial system. Leading nations in this field not only to drive innovation but also establish a strategic edge in the global economy.
VIETNAM ECONOMY INVESTMENT
VIETNAM TO RANK AMONG TOP 15 LARGEST ECONOMIES IN ASIA BY 2025
Based on data from the International Monetary Fund (IMF), Seasia Stats predicts that Vietnam’s economy will reach $506 billion in 2025, earning it a place in the top 15 largest economies in Asia. “Vietnam is rapidly developing thanks to its manufacturing boom and strong foreign investment inflows,” Seasia Stats noted.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
PM ORDERS SWIFT RESOLUTION OF CHALLENGES FOR RENEWABLE ENERGY PROJECTS
Prime Minister Phạm Minh Chính has laid stress on the need to complete the resolution of obstacles for renewable projects by February 2025 to prevent wastefulness, contributing to ensuring electricity for development.
VIETNAM ECONOMY INVESTMENT
VIETNAM'S GDP GROWTH WILL LEAD THE REGION IN 2025
A report published by Oxford Economics on December 16 noted that Vietnam's economy has been the region's outperformer in 2024, with full-year growth likely at 6.7 per cent on-year. The country is expected to continue to outperform its peers next year, growing by 6.5 per cent.
VIETNAM ECONOMY INVESTMENT
HANOI'S ECONOMY CONTINUES TO SUSTAIN GROWTH
Speaking at the opening session of the 20th meeting of Hanoi People’s Council on December 4, Deputy Chairman of Hanoi People’s Committee Ha Minh Hai reported that the capital’s economy has maintained high growth, with regional GDP rising by 6.12 per cent in the first nine months of the year, and expected to exceed 6.5 per cent for the full year.
Events Sponsors
