The Philippines-based Ayala Corporation has set eyes on the Vietnamese energy market after its plans in Australia have been thwarted when Infigen Energy refused its take-over offer.
The Trade Remedies Authority of Viet Nam has asked the Philippines to exclude Viet Nam from three safeguard investigations on some steel products.
The Philippine government has dropped a plan to import up to 300,000 tonnes of rice from various governments as its traditional main supplier, Vietnam, has resumed selling grains, the agriculture department said late on Saturday.
Industrial and residential properties could be the sectors grasping the most upcoming attention in the real estate market of Vietnam, Indonesia, and the Philippines – three of the ASEAN’s fastest-growing economies.
Viet Nam has won a tender offered by the Philippines to export 60,000 tonnes of rice to the partner country at a higher price than that of countries which won the bids, according to the Ministry of Industry and Trade.
In general, foreign investors are seeking safe, stable investment environments with established real estate market practices, rule of law, and structured land ownership, with available financial support from banks. Vietnam, Indonesia, and the Philippines have all worked hard to improve their legal frameworks to protect foreign investors and remove risks associated with issues such as repatriation of funds and providing a safe working environment for their employees.
In the East Asia and Pacific region, Vietnam ranked third after China and the Philippines.
Aboitiz Power Corporation from the Philippines has announced a decision to terminate its planned acquisition of Vietnam’s Mekong Wind due to a condition precedent being unmet by the agreed longstop date.
Urbanisation in today’s fast-paced world is inevitable, especially in emerging economies. Vietnam’s population has grown rapidly from 66 million in 1990 to more than 96 million in 2019. This makes Vietnam the third-most populous country in Southeast Asia after Indonesia and the Philippines.
Vietnamese automaker Truong Hai Auto Corporation (Thaco) held a ceremony in the central province of Quang Nam on Saturday to mark the export of its 15 buses to the Philippines.