President Nguyen Xuan Phuc received Indian Ambassador Pranay Verma in Hanoi on September 20, appreciating the outgoing diplomat’s contributions to the two countries’ cooperation in all aspects, especially during the two years of the Covid-19 pandemic.
Many localities including the Southern Province of Binh Duong, the Central Highlands Province of Kon Tum, and the Central Province of Thua Thien – Hue succeeded in attracting a big sum of foreign direct investment.
The industrial real estate sector will likely continue to pick up in the remaining months of the year thanks to the ongoing global supply chain disruption and diversification, and the trade deals that Vietnam has signed, experts said.
For the last many years, Vietnam has been in a quandary as to how to approach all Foreign Direct Investment (FDI) projects, and how best to take advantage of the opportunities they offer.
Many provinces and cities across Vietnam have announced quite optimistic results in attracting Foreign Direct Investment (FDI) projects in the last months of the year.
The People's Committee of Long An Province, on April 21, held the groundbreaking ceremony of Nam Thuan Industrial Park in Duc Hoa Dong Commune in Duc Hoa District, with an area of 308 hectares and total investment capital of about VND5.3 trillion (US$231.26 million).
Foreign Direct Investment (FDI) companies have remained strong throughout the pandemic, and have even continued to expand their businesses. However, more than half of these companies have reported huge losses, which is causing much strain for government officials.
The Government has agreed to the proposal sent by the Ministry of Planning and Investment on the development criteria to attract Foreign Direct Investments (FDI) into the country.
Foreign investors have poured nearly US$5 billion in Vietnam so far this year, equivalent to 91.5 percent of that in the same time last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
Although capital from Foreign Direct Investment projects is essential for the growth of the economy, there are many who believe that Foreign Direct Investment (FDI) projects are being favored much more than domestic enterprise projects.
Saigon Hi-Tech Park (SHTP) has become one of the ideal destinations for high-tech investors through the presence of the world's leading multinational technology corporations, such as Intel (US), Nidec (Japan), Sanofi (France), and Datalogic (Italy). In 2021, overcoming the sweep of the Covid-19 pandemic, SHTP still stabilized production, retained, and attracted new investors.
The trust of investors in the local business climate and support from authorities for enterprises count among the factors that have helped southern Dong Nai province almost reach its foreign direct investment (FDI) target for the year.
Located in the Southern key economic region, Binh Phuoc Province has many advantages to develop a modern industry attached with environmental protection. To heading for that goal, Binh Phuoc has been striving to improve its infrastructure and welcome the wave of investment in industrial parks, creating a new driving force for the province's socio-economic development.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, the total newly-registered and adjusted capital, capital contribution, and share purchases of foreign direct investment enterprises from the beginning of this year to March 20 hit US$10.13 billion, up 18.5 percent over the same period last year.
The Southeast is the key economic region in the South, attracting the most foreign investment (FDI) in the country. Along with efforts to improve the investment environment, Southeastern provinces have been expanding and adding more industrial zones to the planning to attract huge FDI projects and wait for the new investment wave shifting from other Asian countries to Vietnam.
Bac Giang Provincial People's Committee, on January 18, granted the investment certificate to Foxconn Singapore Pte Ltd to build Fukang Technology Factory in Quang Chau Industrial Park.
According to the data recently announced by the Ministry of Planning and Investment (MPI), by December 20 this year, total foreign direct investment (FDI) capital in Vietnam, including newly-registered, adjusted capital, capital contribution, and purchase of shares, reached US$28.5 billion, a decrease of 25 percent compared to last year.
Since the beginning of this year, the total foreign direct investment (FDI) capital pumped into Vietnam merely accounted for 84.5 percent of that in the same period last year.
According to a market research on wood processing market of Vietnam by Forest Trend, in the first five months of this year, the number of new foreign direct investment (FDI) projects in wood industry totaled 49 projects, of which there were 32 projects belonging to wood processing field.
As a popular investment channel for foreign investors in recent times, mergers and acquisitions (M&A) secured Ho Chi Minh City US$6 billion in foreign direct investment (FDI) projects in 2018.
