FDI into Vietnam Reached 25.5 Billion USD in 9 months of 2017

  FDI into Vietnam is always an impressive figure with steady growth every year, proving that many foreign investors have chosen to set up business in Vietnam. According to the latest figures from the Foreign Investment Agency, from the beginning of 2017 to the end of September 2017, foreign direct investment (FDI) has hit a record of 25.48 billion USD, increased by 34, 3% over the same period in 2016.

Of which, there were 1,844 new projects with total investment of 14.56 billion USD, increases by 30.4%; 6.75 billion USD of 878 projects registered for capital adjustment, increases by 28.3% and 4.16 billion USD of 3,742 capital contribution turns, share purchases of foreign investors, increases by 64% over the same period last year.

Statistics also show that the manufacturing sector has attracted nearly 50% of the registered capital of 12.64 billion USD in the past 9 months. Standing in the 2^nd position in terms of FDI attraction is electricity production and distribution with total investment capital of 5.37 billion USD, accounting for 21% of the total registered investment. The 3^rd position is the wholesale, retail sector with total registered capital of 1.58 billion USD, accounting for 6.2% of total capital.

It is worth mentioning that real estate sector, which continuously standing in the top most invested in the recent years, has been replaced by the processing, manufacturing and retail sectors...

Among investors in Vietnam, in 9 months of 2017, Korea still ranked 1^st with total investment of 6.31 billion USD, accounting for 24.7% of total investment. Standing in the 2^nd place is Japan with total registered capital of 5.91 billion USD, accounting for 23.17% of total investment. Singapore ranks third with total registered capital of 4.14 billion USD, accounting for 16.2% of total investment capital.

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.

Source: https://www.antconsult.vn/news/fdi-into-vietnam-reached-25-5-billion-usd-in-9-months-of-2017.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.

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.

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.

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.

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.