Vietnam consistently protects the legitimate rights and interests of investors, creating favourable conditions for investors to operate effectively in the country, Prime Minister Pham Minh Chinh told Sheikh Hamad Bin Zayed Al Nahyan, Director of the Abu Dhabi Investment Authority (ADIA) of the UAE at their meeting on October 29.
An investment fund with total assets of 150 million USD was launched on October 28 to support technology and semiconductor start-ups in Vietnam and the region.
Deputy Prime Minister Le Minh Khai hosted a reception in Hanoi on November 10 for Charles R. Kaye, CEO of Warburg Pincus, during which he expressed his hope that Warburg Pincus, one of the US’s leading investment funds, will continue to be a bridge to bring investors from the US and other countries to Vietnam.
The global corporate minimum tax is unlikely to impede Vietnam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Vietnam, said Michael Kokalari, chief economist at investment fund VinaCapital.
The securities market is witnessing foreign investment funds like Dragon Capital, VinaCapital and PYN Elite Fund making transactions involving and big investments in real estate stocks.
Vietnam has been successfully developed a stock market, with the capital market playing a critical role in the economy, according to Dominic Scriven, Chairman of Dragon Capital, one of Vietnam’s leading investment firms.
In the absence of suitable legal framework, Vietnamese start-ups are struggling to secure much-needed capital while investment funds have difficulties navigating the country’s numerous regulatory barriers, said fund managers and policy researchers.
In three years since it launched the Dong Khoi Start-ups and Enterprise Development Programme, the southern province of Ben Tre has adopted many policies to support start-ups, leading to a rise in the number of businesses and jobs, and economic growth, officials told a review conference held recently.
A business delegation from the Republic of Korea (RoK) had a working session on April 23 with officials of the Mekong Delta city of Can Tho on cooperation possibilities in port and logistics services.
Japan’s Mizuho Financial Group will set up a 252 million USD (28 billion JPY) investment fund early this summer to invest in small- and medium-sized companies in Southeast Asia, Nikkei reported.
Up to 4.49 trillion VND (over 202 million USD) were collected by businesses during their divestment process carried out in the first six months of 2016.
The United States venture capital firm 500 Startups announced an investment fund of 10 million USD for Vietnamese start-ups at American Innovation Roadshow in HCM City on March 8.
