AGS（AGS JOINT STOCK COMPANY）

Poor logistics and transport infrastructure and customs hassles are the major reasons for Viet Nam’s inability to attract Japanese investment, a Japanese trade expert told a conference on investment promotion and logistics in Da Nang late last week. Yoshitaka Kurihara, senior advisor to the Japan External Trade Organisation (JETRO) ‘s HCM City Office, said: “Logistics is actually a key factor in investment. The slow modernisation of logistics services in Viet Nam has been a main reason for the decrease in investment flows.” Japanese investment fell from US$58 billion in 2013 to just $23 billion last year. “Chaotic road traffic, slowness of rail traffic, shortage of warehouse space and poor condition…

The Mekong Delta province of Tien Giang has granted investmentcertificates to two new projects worth US$17 million in total at the provincial industrial parks since the outset of this year. The province has also allowed four existing projects to add US$30 million in investment. Tien Giang is currently home to 73 projects worth US$1.37 billion, 47 of which are foreign direct investment ones valued at US$182.7 million.The results have been spurred by improvements in policies as well as administrative procedures, contributing to promoting an industrialized economic structure.According to Nguyen Thanh Liem, Deputy Head of the local Industrial Zones Authority, enterprises operating in the province’s four industrial zones My Tho, Tan Huong, Long Giang and Soai Rap Petroleum…

The country’s property market attracted 1.69 billion USD in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.  This figure accounted for 19.3 percent of the total FDI capital of 6.92 billion USD.  Figures from the agency showed that the real estate sector took second place in attracting FDI capital during the period. In HCM City alone, four real estate FDI projects received an investment licence, with total registered capital of 1.31 million USD.  Experts forecast that FDI pouring into the property sector would see a surge by the year-end month thanks to the amended Law on Housing 2014…

JFE Steel, Japan’s second-biggest steelmaker, has announced it will invest 27 billion JPY (220 million USD) in a steelwork plant being constructed by the Formosa Plastics Group (China) in the central province of Ha Tinh. Speaking in a press conference in Tokyo, Shinichi Okada, Executive Vice President of the JFE Holdings Inc – JFE Steel’s parent, said that the investment is part of the corporation’s mid- to long-term growth strategy given Japan’s local demand is shrinking. JFE plans to purchase 5 percent stake in the plant’s operating company, Formosa Ha Tinh Steel (FHS), which is investing 10.5 billion USD in the first phase to build a rolling and metallurgy workshops…