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Vietnam and EIB strengthen financial cooperation

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Efforts are underway to deepen financial ties between Vietnam and the European Investment Bank.

On March 13, Deputy Minister of Finance Nguyen Duc Chi met with Nicola Beer, vice president of European Investment Bank (EIB), along with senior leaders from EIB at the Ministry of Finance headquarters in Hanoi.

Vietnam and EIB strengthen financial cooperation
The meeting overview. Photo: thoibaotaichinhvietnam.vn

The two sides discussed matters related to an MoU on financial support for achieving the goals of the Political Declaration on establishing the Just Energy Transition Partnership (JETP) with Vietnam. This MoU will provide the bedrock for both sides to commence negotiations for a framework agreement.

To date, the negotiations have not yet progressed because the EIB has not yet sent the necessary draft framework agreement.

The MoF has therefore suggested the EIB reconsider not specifying particular projects eligible for the €500 million funding. Instead, the framework agreement should only outline priority areas for the potential funding in the framework agreement, allowing EIB to complete the draft framework agreement earlier, paving the way for negotiation.

The deputy minister also requested that the EIB clarify the EU’s form of aid for projects to be funded by the EIB and provide specific lending terms.

Additionally, the deputy minister proposed that the EIB and Vietnam sign a new-generation official development assistance agreement with larger financial scale, more favourable interest rates, simplified procedures, and less stringent conditions.

During the meeting, Deputy Minister Chi declared Vietnam’s strong commitment to green transformation and energy transition.

EIB vice president Nicola Beer stated that as a leading global bank, EIB has forged financial cooperative relations with Vietnam since 1997, supporting infrastructure construction, environmental protection, and energy development in the country.

She stressed that with its ability to raise funds from EU countries and financial institutions, the EIB was willing to assist Vietnam through specific projects.

The EIB executive also proposed that Vietnam stimulate private businesses to participate in projects benefitting from the €500 million fund to achieve the goals set in the JETP Declaration.

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A comparative investment guide to Singapore and Malta

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Giacomo Merello, executive director, and Federico Vasoli, founding and managing partner, at international legal and tax advisory firm dMTV Global, look into comparative advantages businesses and investors can reap when doing business in Singapore and Malta.

Singapore and Malta, despite their geographical separation and distinct economic paths, share a fascinating historical connection. Both nations’ legacies of British administration have significantly influenced their modern legal, financial, and political systems.

A comparative investment guide to Singapore and Malta
Giacomo Merello (left) and Federico Vasoli

This shared past has imbued them with strong institutional frameworks, business-friendly regulations, and English as an official language, making them particularly attractive to international investors.

Singapore, once a critical maritime hub in the British Empire, rapidly transformed post-independence into a global financial powerhouse, leveraging its strategic location and disciplined governance to become Asia’s premier business destination.

Malta, on the other hand, has played a strategic role in European history for centuries, positioned at the crossroads of major Mediterranean trade routes. Its accession to the European Union in 2004 further solidified its role as a financial and corporate hub, offering businesses seamless access to the EU market.

Despite their colonial roots, the two nations have taken distinct approaches to economic development.

Singapore has become synonymous with cutting-edge technology, world-class infrastructure, and financial services, while Malta has capitalised on its EU membership to foster industries like gaming, maritime trade, tourism, yachting, and investment migration.

Yet, they remain alike in their ability to entice foreign investors seeking strategic advantages in either the Asian or European markets.

The business and investment landscape

Entrepreneurs looking for a jurisdiction to establish or expand their businesses will find both Singapore and Malta to be uniquely compelling.

Singapore, with its pro-business climate, is renowned for its swift company incorporation process, modern banking system, and an ecosystem that fosters innovation.

A business can be incorporated in a matter of days, and foreign ownership is fully permitted. The regulatory environment is transparent, and government agencies actively support new ventures, making it a magnet for multinational corporations and high-growth startups.

Malta, while smaller in scale, provides a similarly attractive business landscape, particularly for those seeking a European base of operations.

A comparative investment guide to Singapore and Malta
A glimpse of Malta. Photo: Federico Vasoli

Companies registered in Malta benefit from its membership in the EU, allowing seamless access to the Single Market. The country has also emerged as a top jurisdiction for fintech, online gambling, yacht and aircraft leasing, and asset management businesses, thanks to its business-friendly regulations and competitive incentives.

For investors evaluating where to set up, the decision often depends on whether they are targeting Asian or European markets.

Singapore is the undisputed gateway to Asia, boasting strong ties with China, India, and ASEAN economies. Malta, with its deep integration into the EU and geographical proximity to Africa, offers businesses the ability to operate within one of the largest economic blocs in the world as well as one of the most promising ones.

Tax advantages and fiscal policies

One of the strongest incentives for choosing either Singapore or Malta as a business jurisdiction lies in their respective tax systems, both designed to attract international investors and enterprises.

Singapore has a flat corporate tax rate of 17 per cent, with numerous exemptions and incentives available that can significantly lower effective tax rates.

Furthermore, there is no capital gains tax, and dividends are tax-free, making it an attractive option for companies and individuals alike. The city-state also boasts an extensive network of double taxation treaties with over 80 countries, ensuring tax efficiency for international businesses.

A comparative investment guide to Singapore and Malta
A glimpse of Malta. Photo: Federico Vasoli

Malta, on the other hand, offers one of the most competitive tax systems in Europe. While its standard corporate tax rate stands at 35 per cent, foreign-owned businesses often benefit from an effective tax rate as low as 5 per cent through the country’s full imputation system.

Additionally, Malta imposes no withholding taxes on dividends, interest, or royalties paid to non-residents, which makes it an attractive holding company jurisdiction.

The island nation also offers VAT exemptions for certain industries, further reducing operational costs for businesses engaged in global trade.

Both jurisdictions apply the principle of taxation of locally sourced or remitted income only. In Malta, this is particularly true for companies with non-domiciled shareholders, which is different from the at least theoretical worldwide taxation approach of most of its neighbours.

Residency and lifestyle benefits

For those considering not just business opportunities but also personal relocation, Singapore and Malta provide attractive residency options that cater to high-net-worth individuals and professionals.

Singapore’s Global Investor Programme (GIP) allows entrepreneurs to obtain permanent residency by investing at least S$2.5 million ($1.87 million) in a local business or an approved investment fund.

This scheme is particularly appealing to individuals seeking stability, security, and access to one of the world’s most advanced economies.

There are other very effective ways to obtain residency and, eventually, citizenship that can be fully explored in a holistic way.

The city-state’s quality of life is unparalleled, with world-class healthcare, excellent international schools, and a safe, cosmopolitan environment.

Malta, in contrast, offers residency and citizenship initiatives that appeal to those looking for greater global mobility. The Malta Permanent Residence Programme (MPRP) provides a pathway to permanent residency through a combination of real estate investment and financial contributions.

For those seeking an EU passport, the Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment offers a fast-track route to citizenship, granting the right to live, work, and travel freely within the European Union.

Other interesting options, like the ‘self-sufficient’ type of residency, may be open depending on the current citizenship of the applicant and other considerations. Given its Mediterranean climate, rich cultural heritage, and vibrant social scene, Malta has become an increasingly popular destination for expatriates and entrepreneurs alike.

The expertise of dMTV Global

Navigating the complexities of setting up a business or securing residency in a foreign country requires expert guidance. This is where dMTV Europe, led by its founder, lawyer Federico Vasoli, in Malta, comes into play, with specific expertise in international contracts, residency, and relocation services; Federico, a dedicated professional that is serving a term as vice-president of Italian Chamber of Commerce in Vietnam, also acts as the first point of contact for high-profile Vietnamese personalities in need of a broader scope of assistance.

At the same time dMTV Global, in Singapore, provides assistance on most local major regulatory, residential and international legal needs through its director, Giacomo Merello, a lawyer and locally licensed filing agent. The latter, in his role as Lord of Leslie in the Baronage of Scotland, also assists qualified individuals in dynastic and nobiliary matters both in Singapore and in Malta.

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Excelerate Energy ties up with PV Gas for LNG supply

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Excelerate Energy, Inc., a leading provider of floating storage and regasification units and liquefied natural gas (LNG) solutions, and Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of PetroVietnam, have entered into a strategic partnership for US LNG supply.

Excelerate Energy ties up with PV Gas for LNG supply

On March 14, Excelerate Energy announced that the company has signed an MoU with PV Gas to collaborate on securing a reliable and stable supply of LNG sourced from the United States as early as 2026.

Under the agreement, the two parties will also evaluate PV Gas LNG supply requirements and define a joint strategic framework through which Excelerate and PV Gas can execute LNG sourcing.

“We are pleased to partner with PV Gas on this significant opportunity,” said Oliver Simpson, executive vice president and chief commercial officer of Excelerate. “This collaboration underscores our commitment to helping Vietnam meet its growing energy needs while also providing a downstream market for US LNG supply. Together, we look forward to contributing to a sustainable and secure energy future for Vietnam.”

The collaboration between Excelerate and PV Gas showcases a mutual dedication to harnessing both companies’ distinct strengths and resources to provide affordable and dependable energy solutions that meet Vietnam’s increasing energy needs.

Excelerate is a US-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. The company offers a full range of services across the LNG value chain.

PV Gas is a Vietnam-based company engaged in integrated oil and gas operations. The company is involved in the extraction, refining, distribution, marketing and pipeline transportation of natural gas and gas related products, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, and condensate.

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DKSH Vietnam advances scientific access for students

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DKSH Business Unit Technology, a scientific solutions provider, has initiated “UniTEC Connect,” a platform to provide students and researchers direct engagement with insights into advanced scientific technology.

The launch took place at the University of Science in Ho Chi Minh City on March 11, followed by outreach sessions at An Giang University, Tra Vinh University, and Can Tho University from March 12-14.

DKSH Vietnam advances scientific access for students
With the launch of the “UniTEC Connect,” DKSH aims to enhance access to advanced scientific technologies for academic and research communities in Vietnam. Photo: DKSH

DKSH is collaborating with innovative technology providers like PacBio, Cytek, Abcam, and Leica to offer expert-led presentations on technologies in life science research such as solutions for gene sequencing, cell biology, and proteomics, as well as live demonstrations with the latest scientific technology advancements.

In this phase, participants can gain insight with advanced research instrumentation, including PacBio’s innovations in genomic research, Cytek’s flow cytometry applications and workflow solutions, Abcam’s comprehensive reagents for immunology research, and Leica’s super-resolution microscopy techniques.

The launch featured an exclusive hands-on experience with PacBio’s HiFi sequencing on the revolutionary Revio system. For the first time, PacBio and DKSH are joining forces to introduce the Revio demo system. This demonstration unit is an exact replica of the real Revio sequencing system, identical in both design and functionality.

This engagement supports Vietnam’s growing demand for advanced research as well as unlocks discoveries in human genomics, transcriptomics, epigenomes, microbial genomics, plant and animal, and cancer genomics.

Nguyen Thi Ton Cam Tram, general manager of the business technology unit at DKSH Vietnam said, “Our mission is to empower the next generation of scientists and innovators by creating a bridge between academic research and real-world industry applications through hands-on experience with advanced scientific solutions. As life sciences become increasingly vital both globally and in Vietnam, we kicked off UniTEC Connect in this sector to immerse students and researchers in cutting-edge technologies.”

“Beyond that, this programme is set to expand its reach, embracing a broader range of segments to drive innovation across multiple organisations.”

Registration for UniTEC Connect is now open to universities, institutes, research organisations, and researchers.

For 160 years, DKSH has been delivering growth for companies in Asia and beyond. As a leading market expansion services provider, DKSH offers sourcing, market insights, marketing and sales, eCommerce, distribution and logistics, and after-sales services, following its purpose of enriching people’s lives.

DKSH is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. Listed on the SIX Swiss Exchange, DKSH operates in 36 markets with 28,060 specialists, generating net sales of CHF11.1 billion ($12.54 billion) in 2024.

DKSH Business Unit Technology offers complete solutions for specialised scientific and industrial applications. With around 1,820 specialists, the business unit generated net sales $620.21 million in 2024.

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