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News Release

Vietnam

JLL Market Watch Week July 24, 2017

By JLL


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1. Dong Nai’s FDI disbursement hits $400m
In the first half of this year, Dong Nai attracted $650 million in FDI, meeting 65 per cent of the target set for the whole year, the board’s statistics revealed. Disbursement of foreign direct investment (FDI) in the southern province of Dong Nai has reached approximately US$430 million thus far this year, fulfilling 54 per cent of its yearly target.

2. Can Tho lures foreign investment in logistics
The Mekong Delta city of Can Tho wants to lure Singaporean and Japanese investment in the regional logistics centre in the city, a local official said at a meeting in July 19. The centre, spanning over 242.2 hectares in the  Cai Rang industrial park, includes ports, container areas, goods uploading and distribution and services areas, according to Nguyen Minh Toai, Director of the municipal Department of Industry and Trade.

3. Vietnam seeks further Japanese support for important transport projects
Minister of Transport Truong Quang Nghia made the proposal to Hiroshi Narahira, Deputy Minister of Land, Infrastructure, Transport and Tourism (MLIT) at a meeting on July 13. Specific projects in the cooperation programmes included the technical support for prefeasibility study of important transport projects, such as the North-South Expressway, North-South High-Speed Railway, metro lines, and Long Thanh International Airport.

4. Over 8,000 construction firms set up in H1
As many as 8,200 construction enterprises were established in the first six months of this year, according to statistics of the Ministry of Construction. This number accounted for 13.4 per cent of newly-established enterprises nationwide, up 10.7% over the same period in 2016, of which 2,300 firms operated in the real estate sector.
5. FDI investment in IPs, EPZs up
HCM CITY — Investment in industrial parks (IP) and export processing zones (EPZ) rose more than 39 per cent year-on-year in the first half of the year to US$384.3million, according to the HCM City Export Processing and Industrial Zones Authority (Hepza). Foreign direct investment (FDI) was worth more than $159 million, a year-on-year increase of 24 per cent, said Trần Việt Hà, head of the investment management department.

6. 13 Vietnamese banks named in world’s top 1,000
Chinese and American banks continued to dominate this year's list compiled by The Banker. Vietnamese banks have reported robust business during the first half this year. Vietcombank said its pre-tax profit jumped 20 percent on-year, while Sacombank enjoyed staggering growth of 70 percent. The Banker's list evaluated more than 4,000 banks around the world, and Chinese and American banks continued to dominate the top 10 this year.
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7. Export revenue likely to hit US$200 billion in 2017
Viet Nam is likely to reach total export turnover of US$200 billion for 2017, increasing more than 13 per cent from last year and exceeding the set target, deputy minister of Industry and Trade Do Thang Hai claimed at a meeting in Ha Noi yesterday.
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