Vietnam

Country Region
Project Stage
Nil
Financing Model
Nil
Total Project Value(USD)
Nil
Capital Required(USD)
527,100,000
About this project
Region(s)
Project Sector(s)
Format of Cooperation(s)
About this project

Overview

Vietnam's shift from a centrally planned economy to a market economy has transformed it into a lower-middle income country. Vietnam is now one of the most dynamic and fastest growing emerging markets globally. In 2018, a continued stellar expansion in manufacturing output, propelled by buoyant export demand for electronics and supported by robust FDI inflows, primarily fuelled solid growth. 2018's robust growth is expected to spill over into 2019, thanks to healthy private consumption supported by strong private credit growth and rising incomes. The industrial sector also continues to expand at a stellar pace, supported by strong FDI inflows. Vietnam's 2011-2020 Socio-Economic Development Strategy (SEDS) – a 10-year strategy – highlights the need for structural reforms, environmental sustainability, social equity and macroeconomic stability. The Socio-Economic Development Plan (SEDP) for 2016-2020, approved in April 2016, looks to accelerate reforms.

Sources: World Bank, Fitch Solutions

Major Economic/Political Events and Upcoming Elections

September 2016

India announced half a billion dollars' worth of credit for Vietnam for defence spending.

July 2018

Doosan Heavy Industries & Construction started the construction of a 1.33GW thermal power project in Vietnam. The project, known as Nghi Son 2, involves construction of two 665MW thermal power generation plants in Thanh Hóa. Construction is scheduled to be completed by July 2022.

August 2018

Thai firm SCG has signed loan agreements, worth more than USD3.2 billion, with 6 financial institutions for the Long Son Petrochemicals complex in Vietnam. The project, which would require an investment of around USD5.4 billion and would be located in Bà Ria-Vung Tàu Province. Commercial operations are expected to begin in 2023.

October 2018

The Communist Party of Vietnam agreed to nominate General Secretary, Nguyen Phu Trong as president. This took place almost two weeks after the death of former president Tran Dai Quang on September 21, 2018.

December 2018

Construction was scheduled to start on Hà Noi's mega smart city in Vietnam in December, subject to timely approvals and land availability. The 2.72sq km Nhat Tân-Noi Bài project was estimated to cost USD4.2 billion and works are scheduled to be completed in 2030.

January 2019

In 2018, the Vietnamese government passed several new and amended laws which would come into effect in 2019. The laws primarily focus on wages, environmental projects, the food industry, rural development, cybersecurity and administrative procedures.

Sources: BBC country profile - Timeline, Fitch Solutions

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Who can help you in this project?
Roedl & Partner Ltd
AMCG Partners
Refinitiv Hong Kong Limited
Tricor Services Limited
Richful Deyong International Business (China) Limited, A Tricor Company
Lorenz & Partners (Hong Kong) Ltd
Pacific Light Data Communication Co., Ltd
NTT Com Asia Limited
More on this...
Mainland China / Southeast Asia
Transport and Logistics
Southeast Asia / Mainland China
Transport and Logistics
Southeast Asia / Mainland China
Infrastructure
Southeast Asia / Mainland China
Infrastructure
Mainland China / Southeast Asia
Infrastructure
Project Stage
Nil
Financing Model
Nil
Total Project Value(USD)
Nil
Capital Required(USD)
660,200,000
About this project
Region(s)
Project Sector(s)
Format of Cooperation(s)
About this project

Overview

Vietnam's shift from a centrally planned economy to a market economy has transformed it into a lower-middle income country. Vietnam is now one of the most dynamic and fastest growing emerging markets globally. In 2018, a continued stellar expansion in manufacturing output, propelled by buoyant export demand for electronics and supported by robust FDI inflows, primarily fuelled solid growth. 2018's robust growth is expected to spill over into 2019, thanks to healthy private consumption supported by strong private credit growth and rising incomes. The industrial sector also continues to expand at a stellar pace, supported by strong FDI inflows. Vietnam's 2011-2020 Socio-Economic Development Strategy (SEDS) – a 10-year strategy – highlights the need for structural reforms, environmental sustainability, social equity and macroeconomic stability. The Socio-Economic Development Plan (SEDP) for 2016-2020, approved in April 2016, looks to accelerate reforms.

Sources: World Bank, Fitch Solutions

Major Economic/Political Events and Upcoming Elections

September 2016

India announced half a billion dollars' worth of credit for Vietnam for defence spending.

July 2018

Doosan Heavy Industries & Construction started the construction of a 1.33GW thermal power project in Vietnam. The project, known as Nghi Son 2, involves construction of two 665MW thermal power generation plants in Thanh Hóa. Construction is scheduled to be completed by July 2022.

August 2018

Thai firm SCG has signed loan agreements, worth more than USD3.2 billion, with 6 financial institutions for the Long Son Petrochemicals complex in Vietnam. The project, which would require an investment of around USD5.4 billion and would be located in Bà Ria-Vung Tàu Province. Commercial operations are expected to begin in 2023.

October 2018

The Communist Party of Vietnam agreed to nominate General Secretary, Nguyen Phu Trong as president. This took place almost two weeks after the death of former president Tran Dai Quang on September 21, 2018.

December 2018

Construction was scheduled to start on Hà Noi's mega smart city in Vietnam in December, subject to timely approvals and land availability. The 2.72sq km Nhat Tân-Noi Bài project was estimated to cost USD4.2 billion and works are scheduled to be completed in 2030.

January 2019

In 2018, the Vietnamese government passed several new and amended laws which would come into effect in 2019. The laws primarily focus on wages, environmental projects, the food industry, rural development, cybersecurity and administrative procedures.

Sources: BBC country profile - Timeline, Fitch Solutions

Has been added to favorites Has been removed from favorites
Who can help you in this project?
Clyde & Co
Roedl & Partner Ltd
AMCG Partners
Refinitiv Hong Kong Limited
Tricor Services Limited
Richful Deyong International Business (China) Limited, A Tricor Company
Lorenz & Partners (Hong Kong) Ltd
Pacific Light Data Communication Co., Ltd
More on this...
Mainland China / Southeast Asia
Transport and Logistics
Southeast Asia / Mainland China
Transport and Logistics
Southeast Asia / Mainland China
Infrastructure
Southeast Asia / Mainland China
Infrastructure
Mainland China / Southeast Asia
Infrastructure
Company Profile
Company Profile

As attorneys, tax advisers, management and IT consultants and auditors, we are present with 111 own locations in 50 countries. Worldwide, our clients trust our 4,900 colleagues. Roedl & Partner is the leading German speaking consulting firm in Asia with more than 20 offices in 10 countries. Our interdisciplinary and multilingual team in Hong Kong has been operating since 2008  through three offices, providing a wide range of services to our clients, including to legal, tax, audit, accounting and BPO.

Project Experience
Africa
Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Natural Resources (including oil and gas), Technology, Manufacturing-tech, Transport and Logistics Infrastructure
Western Europe
Agriculture and Rural Development, Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Natural Resources (including oil and gas), Technology, Bio-tech, Clean-tech, Fin-tech, ICT infrastructure, Manufacturing-tech, Telecommunications, Transport and Logistics Infrastructure, Urban Development, Water and Waste Management
Central and Eastern Europe
Agriculture and Rural Development, Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Natural Resources (including oil and gas), Technology, Bio-tech, Clean-tech, Fin-tech, ICT infrastructure, Manufacturing-tech, Telecommunications, Transport and Logistics Infrastructure, Urban Development, Water and Waste Management
North America
Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Technology, Manufacturing-tech, Telecommunications, Transport and Logistics Infrastructure
Latin America
Power and Energy, Technology, Manufacturing-tech, Telecommunications, Transport and Logistics Infrastructure
South Asia
Manufacturing (industrial parks, logistics parks, machinery), Technology, Manufacturing-tech, Transport and Logistics Infrastructure, Water and Waste Management, Trading and distribution; Software
Central Asia
Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Technology, Manufacturing-tech, Telecommunications, Transport and Logistics Infrastructure
Southeast Asia
Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Technology, Clean-tech, Manufacturing-tech, Telecommunications, Transport and Logistics Infrastructure
Northeast Asia
Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Technology, Manufacturing-tech, Transport and Logistics Infrastructure, Water and Waste Management
Mainland China
Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Technology, Bio-tech, Clean-tech, Telecommunications, Transport and Logistics Infrastructure, Water and Waste Management
Middle East
Power and Energy, Manufacturing (industrial parks, logistics parks, machinery), Technology, Manufacturing-tech, Transport and Logistics Infrastructure
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Company Profile
Company Profile

Tricor Group (Tricor) is Asia’s leading business expansion specialist, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, and corporate trust & debt services. Tricor provides the building blocks for and catalyzes every stage of our clients business growth, from incorporation to IPO. 


Strategically headquartered in Hong Kong, we operate out of 21 countries/territories and across a network of 47 offices. Tricor serves over 50,000 clients, including ~2,000 companies publicly listed companies in Asia and over 40% of the Fortune Global 500 companies. With 2,600 employees, of which 630 are certified professionals, we deliver critical functions to help ambitious companies accelerate their growth in Asia and beyond. 


Tricor’s advantage comes from deep industry experience, committed staff, technology-driven processes, standardized methodologies, constant attention to changes in laws and regulations and wide industry contacts. Tricor is uniquely positioned to unlock the potential of your business, and help you stay one step ahead of today’s diverse and fast-evolving regulatory environment. Read more https://www.tricorglobal.com/

Project Experience
Western Europe
Agriculture and Rural Development, Manufacturing (industrial parks, logistics parks, machinery), Financial Services, Food & Beverage
South Asia
Urban Development, Financial Services, Healthcare & Pharmaceuticals
Southeast Asia
Agriculture and Rural Development, Manufacturing (industrial parks, logistics parks, machinery), Bio-tech, Technology, Transport and Logistics Infrastructure, Clean-tech, ICT infrastructure, Professional Services, Financial Services, Healthcare & Pharmaceuticals, Food & Beverages, Hospitality, Property Development, Retail, Education
Northeast Asia
Manufacturing (industrial parks, logistics parks, machinery), Technology, Fin-tech, ICT infrastructure, Transport and Logistics Infrastructure, Urban Development, Apparel & Fashion, Consumer Good, Cosmetics, Healthcare & Pharmaceuticals
Mainland China
Manufacturing (industrial parks, logistics parks, machinery), Technology, Bio-tech, Fin-tech, ICT infrastructure, Transport and Logistics Infrastructure, Urban Development, Professional Services, Financial Services, Food & Beverage, Healthcare & Pharmaceuticals, Property Development, Education
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Company Profile
Company Profile

Richful Deyong (RFDY), A Tricor Company, a Hong Kong-based provider of integrated corporate and business services founded in 2008, acquired by Tricor Group in May 2019. It focuses on supporting mainland Chinese companies in their international corporate activities, and has supported the internationalization of over 30,000 Chinese corporations.  

RFDY provides corporate and business services to Mainland Chinese corporates to support their outbound investment activities, including cross-border M&A transactions, overseas capital market transactions and other direct outbound investments, as well as entity incorporation and renewal, and accounting and company secretarial services. It also provides corporate and business services to Chinese entrepreneurs seeking administrative support for their family offices.    


RFDY’s current network of 140 relationship greatly enhances Tricor’s presence on the mainland across 13 major Chinese cities following the acquisition. The combined Tricor and RFDY platform meets the growing needs of Chinese enterprises going abroad, with the most comprehensive suite of services available in the market and taking full advantage of economic expansion and initiatives like the Belt and Road and Greater Bay area. Read more http://www.rfdy.hk/; https://www.tricorglobal.com/zh-hk/

Project Experience
North America
Bio-tech, Manufacturing (industrial parks, logistics parks, machinery), ICT infrastructure
Central Asia
Bio-tech, Manufacturing (industrial parks, logistics parks, machinery), ICT infrastructure
Mainland China
Bio-tech, Manufacturing (industrial parks, logistics parks, machinery), ICT infrastructure
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Company Profile
Company Profile

Lorenz & Partners is an international firm of business lawyers and consultants headquartered in Bangkok since 1995. The firm specialises in legal, tax and business consultation for foreign companies investing in Southeast Asia. Further to Bangkok, we maintain offices in Berlin, Hong Kong and Ho Chi Minh City. In addition, we are successfully cooperating with other Legal 500 firms throughout Europe and Asia. 

Our clients are mostly large European and American enterprises investing or doing business in Southeast Asia. 

As a “One Stop Coordinator”, we provide integrated consulting services to our clients. Our concept is of particular interest to companies that, for reasons of efficiency, prefer to mandate only one consultant for the complete planning, handling and supervision of their entire engagement in Asia. Due to our long-time cooperation with partners, authorities and local companies in the region, our company established a network that enables us to handle our clients’ projects in an efficient and target-oriented way. 

The economic success of our clients is our top priority. Therefore, instead of the usual standardised procedures used by most firms, Lorenz & Partners offers an individual and personal consultation customised to your particular project and your company’s requirements. Consequently, your consultant is available for questions at any time – even beyond regular office hours.

Project Experience
South Asia
Power and Energy, Water and Waste Management, Logistics Parks/Centres
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Company Profile
Company Profile

The Mazars Group is an international, integrated and independent organisation with more than 40,000 professionals operating in 89 countries. With 300 highly skilled professionals, Mazars Hong Kong provides a full range of services including audit, tax and accounting and outsourcing, business advisory, corporate finance, business risk advisory, corporate restructuring and forensic investigation. We assist major international groups, SMEs, private investors and public bodies at every stage of their development. To date, including the Hong Kong office, we operate 35 offices in China with more than 3,500 staff, who are dedicated to serving the growing and diversified needs of both Chinese companies and international businesses.

Project Experience
Africa
Power and Energy, Natural Resources (including oil and gas), Water and Waste Management, Transport and Logistics Infrastructure
Australasia
Power and Energy, Telecommunications, Natural Resources (including oil and gas), Water and Waste Management, Agriculture and Rural Development, Transport and Logistics Infrastructure, Urban Development
Western Europe
Power and Energy, Telecommunications, Natural Resources (including oil and gas), Water and Waste Management, Transport and Logistics Infrastructure, Urban Development
Central and Eastern Europe
Water and Waste Management, Transport and Logistics Infrastructure
North America
Power and Energy, Telecommunications, Natural Resources (including oil and gas), Water and Waste Management, Transport and Logistics Infrastructure
Latin America
Power and Energy, Natural Resources (including oil and gas), Transport and Logistics Infrastructure
South Asia
Transport and Logistics Infrastructure
Central Asia
Natural Resources (including oil and gas)
Southeast Asia
Power and Energy, Natural Resources (including oil and gas), Water and Waste Management, Transport and Logistics Infrastructure
Northeast Asia
Power and Energy, Transport and Logistics Infrastructure
Mainland China
Power and Energy
Middle East
Power and Energy, Natural Resources (including oil and gas), Water and Waste Management, Transport and Logistics Infrastructure
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Company Profile

On Time Express Limited is an international as well as a regional logistics service provider setup since 1995.  We have 53 offices across 14 countries, many of which are situated on the Belt and Road countries – including China, South East Asia like Bangladesh, Cambodia, Indonesia, India, Malaysia, Singapore, Thailand, Vietnam, and in Middle East. We have business with countries in East Europe like Czech Republic, Estonia,  Latvia, Poland and Ukraine.

 

The launch of the Belt and Road initiative will increase the flow of people and trade activities between China and the countries concerned.

 

There is a lot of room in developing Southeast Asia, South Asia and Central Asia into a more extensive and integrated network.  This will give rise to potential industrial relocation and even open up under-developed consumer markets.

 

Because of this, it will mean an increase in the demand for:

  1. consumer products and services
  2. supply chain management
  3. ultimately, logistics.

 

The Belt and Road Initiative will bring about “connectivity in five respects”.  Through co-ordination of policies and connection of facilities, there will be removal of transport bottlenecks, connectivity of infrastructure, port facilities, airports and roads will result in more direct routes. Transit times will be reduced and simplification on customs procedure. All the above factors can greatly save delivery time which is benefiting to the customers that On Time is serving.

 

Our competitive advantage of bringing together global network, local expertise and IT capability will stand to really benefit from the growth opportunities along the Belt.

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