The total inflows of foreign direct investment into Ho Chi Minh City from early this year to May 20 reached over US$1.14 billion, down 13.5 percent annually, reported the municipal Department of Planning and Investment.
Investment in sectors related to green growth has been on the rise, but it is necessary to devise practical incentives to help businesses effectively adopt green production and business practices, an official has said.
The year 2023 is considered a pivotal year to drive growth of Ho Chi Minh City for upcoming years under its economic recovery and development strategy for 2022-2025, after achieving impressive recovery last year.
Vietnam’s foreign direct investment (FDI) attraction policy has been improved significantly as foreign investors are now allowed to pour capital into almost areas, a businessperson has said.
The 2023 Vietnam Business Forum (VBF) opened in Hanoi on March 17 under the theme of “Business Community in Partnership with Government of Vietnam in Fostering Green Growth”.
Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
The Investment and Trade Promotion Center Ho Chi Minh City (ITPC) and Vietnam International Arbitration Center (VIAC) coordinated to organize the Investment Support Forum and summarize the series of investment promotion events in 2022 on September 15.
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.
Vietnam’s process manufacturing sector has to date attracted US$252 billion in foreign direct investment (FDI), accounting for nearly 60 percent of the total foreign capital poured into the Southeast Asian country.
Foreign direct investment (FDI) in Vietnam continuously increased in the first half of this year, especially in the real estate sector that attracted US$3.15 billion, making up 22.5 percent of the total registered capital.
With its advantages and thorough preparation in terms of infrastructure, transport and human resources, after the Covid-19 pandemic is put under control, the key southern economic region remains the leading destination for foreign direct investment (FDI) flows.
In the first quarter, realized foreign direct investment (FDI) in Vietnam was estimated at US$4.42 billion, up 7.8 percent over the same period last year. This is the highest level of Q1 in the past five years.
The total registered foreign investment capital in Vietnam by March 20, 2022, reached US$8.91 billion, down 12.1 percent over the same period last year. However, realized FDI capital reached the highest level compared to that in the first quarter of the years from 2018 to 2022.
According to research by Savills Vietnam, Vietnam's industrial production in the first two months of 2022 increased by 8.4 percent over the same period last year. The growth rate improved sharply in February compared to the previous month.
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.
Vietnam is likely to be a key beneficiary of the Regional Economic Comprehensive Partnership (RCEP) regarding tariff reductions and foreign direct investment, Singapore's leading consumer bank DBS said in a recent report.
Prime Minister Pham Minh Chinh on January 6 urged the financial sector to harmoniously combine fiscal and monetary policies, and better the State budget management work in 2022.
The Ho Chi Minh Export Processing Zone and Industrial Park Authority (Hepza) Business Association, on October 8, said that foreign investment in Vietnam in general and HCMC, in particular, has many positive signs.
