Signs of possible corporate frauds to notice and avoid

  Vietnam has signed many Free Trade Agreements with many countries and regions around the world, which makes international economic exchange easier. However, the expansion of international trade also makes many businesses at risk when they encounter fraudulent customers in their business.

According to the Ministry of Industry and Trade, in 2020, the Trade and Embassy of Vietnam in the a number of countries continuously received invitations to sell, buy goods and sign commercial transaction contracts which have signs of fraud and scams.

Despite many warnings and notices, but due to subjective psychology, high profits, limited foreign trade operations, lack of understanding of customers, difficulties due to epidemics, many businesses cannot directly meeting, checking goods,… using online transactions, which causes businesses to take advantage of fraudulent acts.

Some ways of commercial fraud activities such as: Unpaid delivery; Forging documents even bank papers to get goods; Set the person to get export documents; Using hackers to infiltrate the email addresses of two parties that are having transactions, track the progress of the negotiation, when the buyer prepares to transfer money to buy goods, hack the mailbox (or create an email account with the exact same address as the seller’s email) to send fraudulent account information. After the buyer transfers money to the fraudulent account, they will immediately withdraw the money and disappear; Using advantage of carelessness and unprofessionalism of domestic enterprises such as not asking a reputable inspection organization to check the goods before delivery, not verifying information about partner enterprises… to transfer goods with no value, not in accordance with the contract, or to notify the damaged or poor quality goods to pressure the price, deduct the debt or claim compensation …

Some signs of identifying fraudulent businesses which one should pay attention are: the price negotiation, the contract takes place easily, quickly, less bargaining, accepting high prices; Deposit to receive investment money; Do not provide or provide documents of many different legal entities; Opening L/C at a non-reputable bank in a third country; Business license is about to expire …

In order to avoid working with fraudulent partners, businesses need to improve their professional expertise, legal knowledge, and thoroughly understand their partners before making transactions, especially the new partner is dealing for the first time.

The current commodity prices could be updated through market information or on international commodity websites. Therefore, when there is a request for goods to be paid too high, or too low compared to the prices in the market, the enterprises need to pay close attention and carefully check their reliability.

It is also possible to reduce the risks through the professional service of local risks management in Vietnam for conducting of business due diligence, business license record checking, site visit survey, shareholders or directorship checking, criminal record certificate checking, business reputation verification, public reputation search, research for records of enterprises, research for the reputation of the company, …

Source: https://www.antconsult.vn/news/signs-of-possible-corporate-frauds-to-notice-and-avoid.html

AES (USA) Wants to Invest in Son My 2 Thermal Power Plant

  AES Energy Company (USA) wants to invest and deploy the project of Son My 2 Gas Hydropower Plant and LNG Port Warehouse in Son My commune, Ham Tan district, Binh Thuan province together with PV Gas Corporation Vietnam (PV Gas).

At the working session with Vietnam Oil and Gas Group (PVN), Mr David Stone - General Director in charge of Vietnam market of AES Energy Company (USA) expressed the wish to be supported by PVN to invest and deploy the project of Son My 2 Gas Hydropower Plant and LNG Port Warehouse in Son My commune, Ham Tan district, Binh Thuan province together with PV Gas Corporation Vietnam (PV Gas).

PVN's Deputy General Director affirmed that PVN is supportive and willing to cooperate with such American investors as AES in the field of oil and gas, especially gas thermal power and port warehouses projects that PVN is calling for investment. PVN also requested AES to work closely with PV Gas and report the results to PVN as soon as possible.

The Son My 2 Gas Hydropower Plant project is one of the 9 gas thermal power projects assigned by the Government to PVN as the investor and the power project under the revised Power Development Master Plan VII.

This project is expected to include 3 Son My plants, which are Son My 2.1, Son My 2.2 and Son My 2.3 with an expected capacity of 750 MW per plant, using imported LNG for power generation and will be located at the Son My Oil, Gas, Industry and Service Complex.

According to the plan, 3 plants under the Son My 2 gas power plant project will be operated in 2023, 2024 and 2025 respectively.

AES operates in the US electricity sector and is on the list of 200 global energy companies, ranked by Fortune Magazine.

AES operates mainly in the field of thermal power and renewable energy  production in 17 countries around the world. The power plants of AES are diversified in power sources including coal-fired thermal power, gas-fired thermal power, thermal gas power, hydro-electric power, wind power and biomass power.

AES now owns an LNG plant in the Dominican Republic with the port that can unload 10,000 m3/h and a 160,000 m3 LNG storage tanks. Moreover, AES is the owner of the LNG project with a 170,000 m3 depot in Panama and has participated in the BOT Mong Duong 2 power plant project.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Source: https://www.antconsult.vn/news/industry/aes-usa-wants-to-invest-in-son-my-2-thermal-power-plant.html

US Investors Have Poured 1.1 Billion USD into Ho Tram Strip Project

  Asian Coast Development Ltd is one of the large US investor who come and set up company in Vietnam.

Ho Tram Project Company (HTP) is a wholly foreign-owned subsidiary of Asian Coast Development Ltd, with more than 1 billion USD of committed capital deployed, which is the largest US private company investing in Vietnam. Moreover, they are also the first company to register for Vietnamese to play casino.

According to HTP – the investor of the 4-billion-dollar-super-project named “Ho Tram Strip”, the Company has poured 1.1 billion USD in this project and they has just announced to continue to fund the phase 3 includes apartment tower, condotel and villa.

Located on the north side of The Grand Ho Tram Strip resort, the 12-story Kahuna Ho Tram Strip project has a total of 244 rooms. It consists of 164 one or two-bedroom apartments, 9 penthouse apartments and 44 luxury villas located on the beach with area of 218 to 223 square meters.

According to the developer, this project when completed will contribute to the diversification of facilities and realize the goal of turning Ho Tram into the entertainment capital of Vietnam. In addition, HTP has developed the Gallery Villa apartment project at the nearby The Bluffs golf course. The 2^nd hotel tower with 559 rooms named “The Beach Club” is now rushing to complete to welcome its first guests in early 2018. Furthermore, other service facilities such as water park, outdoor theater and private international airport are also underway.

It is known that the price of condotel apartment in Ho Tram is from 2 billion VND (equivalent to about 88,800 USD), villa is priced from 8 billion VND (about 350,000 USD). The project was designed by leading architectural firm Korn Architects and is due to commence in quarter 4 of 2017.

UK Company Interested in Vietnam Aviation Market

  NATS (National Air Traffic Solutions), a UK-based aviation solutions provider, has showed its ambition to set up company in Vietnam and enter the Vietnam aviation market. In addition, NATS is interested in Long Thanh Airport.

NATS is headquartered in the UK but the company is also present in Asia and is currently implementing a globalization strategy. NATS is planning to expand its market in addition to offices currently based in Singapore, Hong Kong and Bangkok. In which, Vietnam is an important market for NATS because Vietnam aviation market is growing at a very fast speed. The number of passengers is expected to double by 2020.

Vietnamese airlines are bringing in a lot of new aircrafts. Therefore, Vietnam aviation industry is facing many challenges in terms of infrastructure and air traffic control... Therefore, NATS with experiences working and managing airports with one, two, three runways as well as the busiest airports in the world are ready to assist the Vietnam aviation authorities to operate more effectively.

Long Thanh Airport is a concern of NATS because it will be a large airport. NATS always wants to be able to deliver efficient, optimal management solutions to airports with high capacity. Currently, NATS is supporting the management of 2.4 million flights and 250 million passengers a year in the UK. Moreover, they are also involved in managing and providing solutions to many major airports in Europe. NATS has been presented in Asia for 40 - 50 years and has cooperated with gateway airports in Thailand, Hong Kong, Singapore...

NATS has met and worked with Vietnam Air Traffic Management Corporation (VATM), a member of CANSO (Civil Air Navigation Services Organization) to discuss the potential and opportunities for cooperation in the coming time.

In the short term, NATS will cooperate with VATM to open training courses, for example air traffic controllers. At the same time, NATS will learn more about the Vietnam market. If you have the opportunity and opportunity, NATS will set up a representative office in Vietnam.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Source: https://www.antconsult.vn/news/uk-company-interested-in-vietnam-aviation-market.html

Quang Binh Is Selected by AT Capital for Its Renewable Energy Project

  That is the information released by representatives of the Orange Renewable Company (Singapore), under AT Capital Corporation at a meeting with Quang Binh People's Committee Chairman Nguyen Huu Hoai on May 24^th.

According to representatives of Orange Renewable Company, by studying the data on natural conditions as well as investment policy in Quang Binh, the Company found that this locality is very suitable for investing in renewable energy projects of AT Capital Corporation, therefore, the Corporation wishes to carry out renewable energy projects in the province.

In response to Orange Renewable Company, Chairman of Quang Binh Provincial People's Committee Nguyen Huu Hoai welcomed and highly appreciated that AT Capital has paid much attention to investment in renewable h. Moreover, Mr Hoai also pledged to pay attention, support and create the most favorable conditions for investors in the process of research and implementation projects. He also assigned Department of Industry and Trade to coordinated with the Department of Planning and Investment to guide AT Capital's experts to conduct field surveys and prepare related procedures.

Orange Renewable Company is headquartered in Singapore and is funded by AT Capital, one of India's leading renewable energy developers, with a total portfolio of renewable energy projects with capacity of up to 758 MW including 191 MW of solar power, 567 MW of wind power...

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Jabil Expands Investment in Vietnam

  Jabil Circuit, Inc has just broke ground to build a new factory in Saigon Hi-Tech Park (SHTP), realizing the plan to expand investment in Vietnam.

The event marked the expansion of Jabil Group's operation in Vietnam, with total factory area of 38,369 square meters. The factory is scheduled to be completed by the end of 2017. The new facility will provide additional production and warehousing spaces to meet future large-scale manufacturing activities for products such as computer, storage, networking equipment, telecommunications, automation, digital housing, mobility, sale equipment, printing, industry and energy.

This expansion also marks Jabil’s a decade of development in Vietnam and a stepping stone for the future growth of the Group.

Jabil started operations at SHTP in September 2007, specializing in the manufacture of electronics and telecommunications equipment with an initial investment of only 30 million USD. However, in 2011, Jabil decided to raise capital to 100 million USD. And in 2015, Jabil once again announced the expansion of investment in Vietnam. According to the signed memorandum, Jabil plans to invest an additional 500 million USD to expand production in Vietnam with a facility of more than 93,000 square meters.

Currently, Jabil Vietnam employs around 4,500 people and aims to create over 3,000 new jobs for the province in the next five years. In addition, Jabil also plans to develop high quality human resources in Vietnam for future leadership positions through training and development opportunities.

Jabil is a product solutions company that provides electronic technology solutions including design, manufacturing and comprehensive manufacturing management for electronics and technology companies around the world. Providing complete supply chain management from facilities in 28 countries, Jabil offers comprehensive and focused solutions for customers in a variety of industries. In Vietnam, Jabil specializes in providing large-scale product solutions for sectors as industry, power, networking and telecommunications equipment, sales and printing equipment.

We, ANT Consulting company, support you with the service of setting up a company in Vietnam, Risk management in Vietnam, Employee background check in Vietnam... to help you shorten the implementation time.

Many Incentives When Investing in Solar Power Projects

  According to Decision No. 11/2017/QD-TTg, organizations and individuals involved in the development of solar power projects are entitled to investment, tax and land incentives.

Specifically, organizations and individuals involved in the development of solar power projects can legally mobilize capital from domestic and foreign organizations and individuals to invest in the implementation of solar power projects in accordance with the provisions of current law.

Solar power projects are exempted from import duties on imported goods to create fixed assets for the project; complying with the current law on import tax and export tax on goods imported for production of projects which are raw materials, supplies and semi-finished products which cannot be produced at home.

The exemption and reduction of corporate income tax for solar power projects shall be implemented the same as for projects in the field of investment incentives in accordance with current tax law.

On land preference, the Decision stipulating that solar power projects, transmission lines and transformer stations for connecting to electricity grids shall be exempt from or reduce land use fees, land rents and water surface rents in accordance with current law applies to projects in the field of investment incentives.

Based on the planning approved by competent authorities, the provincial people's committees create conditions for arranging land funds for investors to carry out solar power projects. The compensation and support for ground clearance shall be implemented in accordance with the current land legislation.

The decision also specifies that organizations and individuals investing in the construction of solar power projects have the responsibility to install solar power equipment must ensure the safety of structures and work safety in accordance with the current regulations.

The investment in the construction of solar power projects shall comply with the current law provisions on investment, construction, fire prevention and fighting, environmental protection and other relevant regulations.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Japanese Businesses Want to Invest in Solar Power Plant in Thanh Hoa

  Mr. Fernando Davila, Managing Director of Univergy Solar Joint Stock Company - a company in renewable energy, solar and wind power sector in Japan, had a meeting with leaders of Thanh Hoa People's Committee.

At the meeting, Mr. Fernando Davila said that in the coming time, Univergy Solar Company would like to implement the solar power plant project in Kien Tho commune, Ngoc Lac district, Thanh Hoa province with high capacity. It is hoped to receive the support from the local authorities as well as the Government of Vietnam.

Univergy Solar - a joint venture of Japan and Spain, is currently the world's leading developer of renewable energy - solar power, wind power, small power stations and geothermal energy in Japan. Currently, Univergy Solar has developed more than 1,200 MW of global wind and solar power capacity.

On behalf of the leadership of Thanh Hoa province, Mr. Nguyen Dinh Xung, Chairman of the provincial People's Committee thanked the delegation for visiting and exploring investment promotion in the province. At the same time, the province pledges to support and create favorable conditions for Univergy Solar as well as other investors when investing in local projects.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Quang Nam Province Welcomes Foreign Investors

  In 2017, Quang Nam province is expected to continue to become the bright spot of the central region on investment attraction, welcoming foreign enterprises to come and invest in Vietnam.

In fact, Quang Nam province is an ideal destination for investors at home and abroad. There were presence and long-term commitment of the major investors such as Truong Hai Auto, Suntory - Pepsico, Vietnam Brewery VBL, Inax sanitary equipment, Groz-Beckert textile equipment and famous travel brands such as The Nam Hai, Montgomerie Links golf course, Victoria, GoldenSand, Palm Garden...

Compared to many localities, Quang Nam has great advantages in attracting investment. Firstly, the province has strategic geographical location with an area of 10,438 km2, located in the middle of Vietnam, belongs to the key economic zone in central Vietnam. The north bordering on Da Nang – the commercial, services and training centers of Central region; the south bordering on Quang Ngai province; the west bordering on Laos; located on the East – West Economic Corridor, convenient for road transportation to Laos, Cambodia, Thailand, Myanmar and sea transportation to other countries of the ASEAN region.

The strategic location, plus complete transportation infrastructure with many kinds of road, railway, airline, sea belong to the national and international traffic routes, creating favorable conditions for Quang Nam province to attract major investors in the world.

As reported by the People's Committee of Quang Nam province, the province currently has 8 industrial zones and 50 industrial clusters. The industrial parks and industrial clusters are located on the main traffic routes, with large area. The infrastructure and telecommunications utility are fully meet the needs of investment projects. As for waste water treatment system, most industrial zones in the province of Quang Nam have wastewater treatment systems; solid waste treatment collection systems as prescribed.

In addition, the social infrastructure and other utility services such as schools, hospitals, hotels, restaurants, amusement parks in the province of Quang Nam are basically meet the needs of investors and citizens. As reported by the Department of Culture - Sports and Tourism of Quang Nam province, there are more than 5,436 hotel rooms that satisfy international standard, including many major brands (concentrated in coastal areas), contributing to bring Quang Nam to become an attractive tourism destination of the central region.

So far, Quang Nam has attracted 126 FDI projects with total registered capital of 5.5 billion USD from investors from around the world such as Korea, Japan, Singapore, US, China, France, Germany, Italy...

In the long term, Quang Nam focus on attracting investment projects in economic sectors that the province has many advantages such as supporting industries (mechanical manufacturing, automobile, electronics...); processing industry of consumer goods, household goods, agriculture, forestry and fisheries products, construction materials; the agricultural sector (high-tech agriculture, cultivation and processing of agricultural products ...); the field of tourism, services, urban (ecology urban areas, coastal and riverside luxury resorts, hotels, restaurants, supermarkets...), training of human resources; the investment, construction and trading of infrastructure of industrial parks, industrial clusters.

Another highlight of the investment attraction policies of the province is that the investors have the full right to choose and decide to implement the project in the appropriate investment model. Moreover, investors are given the investment incentives stipulated by the Government, including the Chu Lai Open Economic Zone and 15/18 districts in the list of investment incentives stipulated by the Government on the premises, corporate income tax and import tax...

According to the Public Administration and Investment Promotion Center of Quang Nam Province, the newly established enterprises from investment projects in difficult economic condition areas in Chu Lai Open Economic Zone; investment projects in the fields of high-tech agriculture, scientific research, technological development, education and training, vocational training, environment... will be applied the corporate income tax rate of 10% for 15 years since the taxable income arises; ; are exempt from corporate income tax for 4 years and reduce 50% of the tax payable in the next 9 years.

Enterprises investing in the industrial zones in such districts as Duy Xuyen, Dai Loc, Que Son and Phu Ninh are applied the corporate income tax rate of 17% for 10 years, are exempt from corporate income tax and reduction of 50% tax payable in the next 4 years.

Also, Quang Nam also apply competitive prices and depending on land investment sectors, projects may be exempted from land rent during 11 years, 15 years or during the term of the project. In addition to the general provisions, the large-scale projects with important implications and will be coordinated with your PPC investment research applied to the Government for specific policies.

Also, Quang Nam province also apply competitive land prices and depending on investment sectors, projects may be exempted from land rent for 11 years, 15 years or during the implementation of the project. In addition to the general provisions, for the large-scale projects with important implications, the Provincial People's Committees will coordinate with investors to study and submit to the Government for specific policies.

According to the Quang Nam People's Committee Chairman, in the trend of deeper integration, Quang Nam is constantly developing, changing appearance, became the land of potential and investment opportunities. Many synchronous solutions are being implemented to improve the investment environment, which focused on administrative reform. In particular, the introduction of the Public Administration and Investment Promotion Center of Quang Nam Province, with flexible and quick mechanisms, have demonstrated the determination to build friendly image of Quang Nam province, becoming the reliable destination for investors.

We, ANT Consulting company, support you with the service of setting up a company in Vietnam, Risk management in Vietnam, Employee background check in Vietnam... to help you shorten the implementation time.

Education Startup Will Flourish in Vietnam

  Education startup will become great opportunity for foreign investors to invest in Vietnam as well as the Vietnam startup community.

GotIt!, a Startup, a Mobile App which is built on the question – answer foundation for a long time has been presented in the top 10 educational apps on App Store in the US. GotIt! has received 9 million USD from Capricorn Investment Group. Investors of GotIt! are also the people who invest in companies creating products that have changed the world such as Tesla Motor, SpaceX, and PlanetLabs. They believe that GotIt! will become "the next big thing" when GotIt! provides services in the areas beyond education.

One other education startup which is ELSA - teaching English pronunciation, has just passed 1,200 competitors to win first prize at SXSWedu - a competition in education technology startup, organized in the United States. This application uses artificial intelligence technology to help users improve their English pronunciation.

And yet, a different startup which is Monkey Junior, specializing in foreign language teaching has won the competition “GIST Tech-I 2016” held in the US after passing more than 1,000 competitors from 104 countries in the world. This is the startup contest initiated by the US government and received the backing of Mark Zuckerberg – CEO of Facebook - as well as many powerful individuals in Silicon Valley.

Belongs to the EdTech field, which is attracting the attention of Vietnamese startup community, Monkey Junior application is available on App Store, Google Play and Amazon with a large number of users from the US (accounted for 43%), Vietnam ( 10-20%), Canada, France... Although this app aims to teach foreign languages, the point to make up the difference for Monkey Junior is that the teaching contents are directed at children, especially children under 6 years old.

We have to mention one other EdTech which is Code4Startup. Code4Startup is the online training website. Although training on programming is not new, the basic difference of Code4Startup is that it is not theoretical teaching, Code4Startup goes straight into practice by guiding learners to build real applications. Hence, Code4Startup has successfully calling for capital on KickStarter.

The common point of this 4 startups is that the project have high applicability, developing towards EdTech (educational technology) and "father" of them are all Vietnamese: GotIt! Of Dr Tran Viet Hung; Elsa was founded by Van Dinh Hong Vu Ngo Thuy Ngoc Tu; Monkey Junior of Dao Xuan Hoang and Code4Startup of Leo Trieu (Trieu Quang Anh).

Movement for startup towards EdTech (educational technology) are blooming and the fund as well as foreign investors are increasingly appreciating Edtech in Vietnam.

Every year, Vietnamese spent 3-4 billion USD to send their children to study abroad and the market for online education is very potential on a large scale. Vietnam is a country of more than 22 million pupils and students, is the large customer market that many education companies want to explore. On the other hand, the introduction of this community-based projects to apply in reality is very consistent with preference and development trend of modern education, easy to be welcomed by parents and students in Vietnam.

In addition to the potential of the market, international investors believe that the Vietnam startups in general and EdTech startups in particular have been contributed actively to the social advancement, improve community knowledge and update the world’s new trends in Vietnam; while also contributing to the economic development of the country. Similarly, in the world, such EdTech startups as the Knewton, Coursera, Udemy, Duolingo... are the clear proof of this.

The million dollars online training market has been receiving special attention of foreign investors. By the end of 2016, Vietnam had 309 investment projects in the fields of education and training with total registered capital of over 767 million USD.

Apax English is an example. Recently, ChungDahm Learning Education Corporation (Korea) and Egroup Education JSC have signed a memorandum of cooperation for an additional investment of of 10 million USD for English training in Vietnam. Earlier, ChungDahm Learning and Egroup have brought the Asian’s leading children English program to Vietnam with the brand “Apax”.

From the success of Apax English, many cooperation and investment projects in education are increasingly powerful. Next, there will be the project of SK Telecom (under the SK Group, one of the 3 largest Korean group), bringing the school of programming using intelligent robot to Vietnam. It will become the first cooperation in the education sector with Egroup.

With the above positive signals, hopefully that in the coming time, Vietnam education market will continue to receive "new wind" from the funds and foreign investors.

We, ANT Consulting company, support you with the service of setting up a company in Vietnam, Risk management in Vietnam, Employee background check in Vietnam... to help you shorten the implementation time.

Cargill (USA) Will Build Factory in Bac Ninh

  Cargill Company (USA) is planning to build a factory specializing in producing livestock feed in Bac Ninh. It shows the attraction of Vietnam market, which makes foreign enterprises to come and invest in Vietnam.

On January 6^th 2017, Chairman of Bac Ninh province had a meeting with Mr. Jorge – CEO of Cargill Vietnam came to survey and explore Bac Ninh province. Cargill is the US leading company in the fields of agriculture, food, industrial products and financial services. With more than 150,000 employees working in over 100 countries in the world, the revenues of the Company reached 150 billion USD a year.

In Vietnam, Cargill has 11 factories manufacturing and processing livestock feed in many localities across the country, such as Dong Nai, Hung Yen, Long An, Can Tho, Binh Dinh, Dong Thap and Nghe An..., creating jobs for thousands of workers.

Through surveys, Mr. Jorge impressed with the favorable investment environment, infrastructure, drastic and flexible management system of Bac Ninh province. Hence, the Company intends to build a factory manufacturing livestock feed in Que Vo 3 Industrial Zone in the first quarter of 2017.

It is expected that the Cargill factory has a total investment of 60 million USD, with the area of land to be used is 11 - 13 ha, capacity of 70,000 tons/month. This will be the largest factory of the Company in Vietnam, applying modern technology and equipment with a closed and environmental friendly deodorizing process.

The Chairman of Bac Ninh province welcomes Cargill Company has trusted and choose Bac Ninh as investment destination to invest in stable and long-term production. He also assigned the Management Board of Industrial Zones in coordination with the VID Group – the infrastructure investor of Que Vo 3 Industrial Park and other offices complete the legal procedures and creating all necessary conditions for the project of Cargill Company.

Bac Ninh is one of the leading provinces in attracting FDI, with nearly 1,000 projects with total registered capital of over 12.26 billion USD. In which there are many projects of large companies such as Microsoft, Samsung, Pepsico and Canon...

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Potential of Vietnam’s Renewable Energy

  Vietnam territory is located in the tropical climate zone with over 3,200 km long coastline. Therefore, there is great potential for renewable energy development. The available renewable energy sources in Vietnam are: solar energy, wind energy, biological energy, hydropower and energy from the sea.

Vietnam has great potential for hydroelectric power, with total theor

etical capacity of about 35 GW, the technical potential is about 26 GW, annually it can produce more than 100 GWh; in which the small hydropower (the installed machine capacity <30 MW) has the potential to produce about 15-20 GWh of electricity.

Until 2013, the total number of projects have been put into operation is 268 projects, with a total installed machine capacity of 14,240.5 MW. As planned, until 2017, there will be 473 projects will be put into operation with a total installed machine capacity of 21,229.3 MW. In addition, according to the Electricity Corporation of Vietnam, the potential of small hydropower has installed machine capacity of about 4,000 MW.

In a report of the World Bank in 2001, the wind energy potential of Vietnam is estimated at 512 GW, much higher compared to other countries such as Thailand, Laos and Cambodia.

Vietnam has great potential for solar energy, particularly in the Central and South of the country, with the average intensity of solar radiation of about 5 kWh/m2. The total theoretical potential of solar energy in Vietnam is estimated at 43.9 billion TOE (TOE – tons of oil equivalent).

With the advantage of being an agricultural country, Vietnam has a large and diverse biomass sources, including wood, firewood, rice husk, rice straw, sugarcane bagasse and other kind of agricultural residues. Annually, Vietnam is estimated to have over 60 million tons of biomass from agricultural waste. The biomass energy sources mentioned above can be used to produce bio-fuel (ethanol), fuel pellet, biogas and various other products.

Vietnam livestock industry is now quite developed, released to the environment annually a large amount of livestock waste in the form of solid and liquid.

According to the statistic data from national environmental status by 2014, the amount of solid waste from livestock in 2013 in Vietnam includes: 18.5 million tons from raising cows, 13.8 million tons from raising buffalo, 18.9 million tons from raising pig, 22.6 million tons from raising poultry. Part of livestock waste in rural area of Vietnam provides raw material for more than half a million active biogas in three regions of the country.

With a population of nearly 90 million people, the annually amount of domestic waste generated due to activities of the population is very huge. Domestic waste after being collected and classified can be recycled, reused and recovered energy from waste incineration or landfills.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.