BDG Vietnam - Economy NewsRead the latest news on Vietnam's economy.

Mitsubishi Electric Sets Up Vietnam Sales Company

Japan’s Mitsubishi Electric Corporation announced Tuesday that it had established a Vietnam company this month to coordinate sales of air-conditioning systems, home appliances and, from next year, factory automation products.Mitsubishi Electric Vietnam Company Limited will officially start operations on July 1, targeting annual sales of 8 billion yen (about US$95 million) by the fiscal year ending in March 2016. see more

First Multi-Storey Parking Makes Debut In Hanoi

The Hanoi Transport and Services Corporation (Transerco), on July 16th, put the first automated 5-storey car park, at a cost of VND13 billion, into operation after three months of construction.The facility, made by steel, is located on 126sqm at 32 Nguyen Cong Tru street in Hai Ba Trung district, with a capacity of housing 30 automobiles. see more

Netherlands-based Veka Group seeks investment opportunity in Quang Ninh

The People’s Committee of the northern province of Quang Ninh of VIetnam held discussions with Netherlands-based Veka Shipbuilding Group (Veka) which is seeking investing opportunities.Frank Muiler, managing director of Veka hopes to have long term cooperation with Quang Ninh province. Muiler wants to develop shipbuilding industry in Vietnam. see more

Singaporean firms see Vietnam as an attractive market

Singapore is now the fourth largest investor in Vietnam, with 1,063 projects worth $23.3 billion till the end of July, according to Vietnam’s Foreign Investment Agency. In 2012’s first seven months, Singaporean companies committed to invest in 54 projects capitalised at $178 million. see more