TBRC - The Business Rock Star Company Ltd

28/04/2022

"Vietnam is on the verge of becoming the world's next manufacturing hub

According to Jian Zhiming, General Director of the Council of Taiwanese Chambers of Commerce in Vietnam, many Taiwanese enterprises aspire to establish a presence in Vietnam, he added that Vietnam is a critical link in Southeast Asia's supply chain shifting trends. That is also why Jian expects an increasing number of enterprises Taiwanese would invest in Vietnam. He noted Taiwan's investment in Vietnam has accelerated in recent years and will continue to do so in the processing, manufacturing, and electronics sectors.

Furthermore, the Foreign Investment Agency is optimistic about the trend of foreign investment in Vietnam. Foreign firm investment is expected to increase in the future years, mostly from Japan, the Republic of Korea, Taiwan, and the European Union, it stated."

Hanoi - Vietnam is now on its way to becoming a new global manufacturing centre.

29/03/2022

Vietnam boasts huge potential for the development of renewable energy thanks to favorable natural conditions and the government’s long-term orientations.

With favorable natural conditions, by the end of 2021, Vietnam already has 70 wind power projects. This allowed producing a total of 3.34 billion kWh within the year. Total solar power output also reached 27.74 billion kWh. Together, the total electricity output from renewable energy sources accounted for 12.27% of the country’s total output.

The government also shows encouragement in developing green power generation. In the draft of Power Development Plan VIII, the total output of renewable energy in Vietnam is expected to grow to reach 35 GW by 2030, and 56GW by 2045. This is a part of the government's energy development strategy to promote renewable power. Besides, Vietnam is implementing restructuring in both the energy sector and the state-owned enterprise to improve operational efficiency.

Vietnam boasts huge potential for renewable energy driven by favourable natural conditions and the government’s long-term development orientation.

22/03/2022

Within the first 2 months of 2022, a series of overseas capital has been invested into many massive-scale projects in Vietnam promising a solid foundation to reach the target of $40 billion in foreign capital attraction this year.

So far from the start of 2022, there witnesses an injection of $4.99 billion from overseas capitals into this country. Investment type includes both newly licensed projects and current projects, as well as share purchases. Some of the notable investors were Aurous Capital Pte.Ltd from Singapore, the Indian SMS Pharmaceuticals conglomerate, and Samsung Electro-Mechanics VietNam Co.Ltd.

These transactions continue strengthening Vietnam’s reputation as a destination for repositioning the supply chain and production relocation waves. Besides, commented by Takeo Nakajima, head representative of the Japan External Trade Organization, “The agreements have set up a strong foundation for Japanese investments to flow into the country in 2022”.

Foreign investor commitments to developing billion-dollar projects in Vietnam so far this year promises a solid foundation in realising a $40 billion target in overseas capital for the whole of 2022.

09/12/2021

"According to COP 26 commitments, Vietnam plans to have renewables account for 75 percent of national power production capacity and 70 percent of actual production by 2045.

The targets were set as part of the country's transition to renewable energy after Prime Minister Pham Minh Chinh committed last month at the United Nations Climate Change Conference (COP 26) to achieve net-zero emissions by 2050. In addition, the Ministry of Industry and Trade intends to raise wind and solar power capacity by 333 percent and 167 percent, respectively, above Power Development Plan VII in the draft 10-year Power Development Plan VIII (2021-2030 with a vision until 2045). Rooftop panels will contribute to the solar capacity.

Hoang Tien Dung, the head of the Electricity and Renewable Energy Authority, stated that as the proportion of renewable energy capacity increases, more investments are needed in transmission capacity."

Vietnam plans to have renewables account for 75 percent of national power production capacity and 70 percent of actual production by 2045 under its COP 26 commitments.

14/10/2021

"**Foreign investors tend to escalate their investments in Vietnam's packaging industry, betting on the market's long-term potential.**

According to Mr. Ta Bao Long, Tetra Pak Vietnam's communications manager, even before the epidemic, Vietnam was one of Asia's fastest-growing markets for liquid food at a compound annual growth rate of 5% over the next three years, doubling the global average. That growth comes from factors such as a huge population, rising per capita income, rapid urbanization, and growing awareness about food safety and personal well-being, which helped prove that Vietnam was a potential market in the eyes of foreign investors.

They are not alone in making that assessment. Mr. Le Xuan D**g, managing director and head of FiinResearch's Market Research and Consulting, further stated that packaging is one of Vietnam's fastest-growing industries, with an annual growth rate of around 13.4% from 2015 to 2020. Foreign packaging companies' investments would not only meet rising local demand, especially during the post-pandemic economic recovery period but also for export purposes."

Foreign companies are still beefing up investment in Vietnam’s packaging industry as they bet on the long-term prospects of the market.

15/07/2021

We are very glad to see that Vietnamese firms are increasing investment overseas.

The Foreign Investment Agency under the Ministry of Planning and Investment on June 27 announced that overseas investment by Vietnamese firms neared US$547 million in the first half of 2021, rising close to 2.5 folds against the same period last year.

Among the 12 fields of investment, science and technology projects accounted for nearly half of the total investment while wholesale and retail came second. The US was the largest recipient of Vietnam’s overseas investment, followed by Cambodia, Canada, and France.

Overseas investment by Vietnamese firms neared 547 million USD in the first half of 2021, rising close to 2.5 folds against the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

13/07/2021

Green money is coming Vietnamese SME's way!

The $100 million loans from IFC will help narrow down the $21 billion financial gap faced by Vietnamese SMEs. Half of the loan will be attended to the climate financing which is now presenting only 5% of total bank financing but has a huge potential as most SMEs are seeking finance for renewable energy, energy efficiency, and climate-smart solutions. These investments can in turn help them grow sustainably while contributing to reducing greenhouse-gas emissions.

We expect there is more to come...

IFC will provide a $100 million long-term loan to Vietnamese lender OCB to expand lending to SMEs and boost financing, especially for climate-friendly projects.

09/07/2021

Vietnam’s economic growth accelerated to 6.61% y/y in 2Q21, extending from an upwardly revised gain of 4.65% y/y in 1Q21. While this fell slightly short of expectations, it nonetheless reaffirmed the current upswing and re-establishment of its historic trend seen during 2013 to 2019. For the first half of 2021, Vietnam’s GDP expanded 5.64% y/y, more than 3 times the pace of 1.82% in 1H20.

In addition, with the speed up of the Government for vaccination of 75% of the population by end of 2021, Vietnam aims to be an attractive destination for foreign investors looking to explore this lucrative market of 100 million consumers.

Vietnam’s economic growth accelerated to 6.61% y/y in 2Q21, extending from an upwardly revised gain of 4.65% y/y in 1Q21. While this fell slightly short of expectations, it nonetheless reaffirmed the current upswing and re-establishment of its historic trend seen during 2013 to 2019. For the first...

08/07/2021

More than $100 million in venture capital poured into Vietnam's businesses in the first quarter of this year alone. The country's VC market has recorded several notable deals. The novel COVID-19 has uncovered a plethora of challenges, but sometimes, the worst of times is the best of times. As we enter a phase of economic uncertainty, there’s a high likelihood that the next unicorns are about to be born — brought to life by the founders with the conviction and skill to create the right thing at the right time.

How startup ecosystem in Vietnam has been transformed from the second-least active to the third-most active among ASEAN countries

07/07/2021

According to the Ministry of Planning and Investment, Vietnam attracted nearly 14 billion USD in FDI in the first five months of 2021, 0.8 percent higher than the same period last year with the total investment capital dominated by the manufacturing and processing industry.