Vietnam International Arbitration Center, the HCMC Institute of Development Research yesterday hosted the forum ‘Global Minimum Tax – Prospects & Challenges to Attract FDI in HCMC’.
A business delegation of more than 50 well-known US corporations arrived in Vietnam last week to survey the market and look at possibilities of investing in viable projects.
As this year is identified by Ho Chi Minh City as a pivotal year, departments, agencies and district administrations have set many specific goals and solutions, affirming their determination for innovation.
The efforts of Vietnam to improve the business – investment environment lately have attracted more remittances into manufacturing and trading activities, greatly contributing to the national economic growth.
The promotion of public-private partnership (PPP) in wastewater treatment of Vietnam is a promising measure to address the limit of national budget and effectively mobilize rich resources in the private sector.
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.
Vietnam has paid due attention to improving its investment environment and creating conditions for foreign enterprises to do long-term business in the country, Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang told a press conference on May 26.
The prominent issue is that Ho Chi Minh City must take more actions to improve the business and investment environment, reform, and shorten administrative procedures.
Mr. Phan Van Mai, Member of the Party Central Committee, Standing Deputy Secretary of the Ho Chi Minh City Party Committee, Chairman of the HCMC People's Committee, chaired a seminar with typical US enterprises investing in the city on the afternoon of May 17.
The Vietnam Association of Foreign-Invested Enterprises (VAFIE) officially announced the first annual report on FDI in 2021 on May 10. Vietnam is the third-largest FDI recipient in the region.
Ho Chi Minh City used to be considered to be in the lead of the country's real estate market. However, in the past few years, many enterprises based in the southern metropolis have had to go to other localities such as Dong Nai, Ba Ria - Vung Tau, Binh Duong, Khanh Hoa, Binh Dinh to invest in new projects.
Chairman of the Ho Chi Minh City People's Committee Phan Van Mai gave investment certificates to ten investors with a total capital of nearly US$430 million (more than VND8.4 trillion) and handed investment memorandums to 31 investors with a total capital of nearly $16.2 billion (more than VND370 trillion) at the Investment Promotion Conference in Hoc Mon and Cu Chi districts in 2022 on the afternoon of April 12.
On March 22, the People's Committee of Ho Chi Minh City held a consultation to listen to businesses’ opinions for realizing the city’s socio-economic development visions towards 2030 with the participation of more than 300 domestic and foreign enterprises.
Thanks to the adoption of proactive measures against the coronavirus epidemic, the Mekong Delta Province of Long An is one of the first southern localities where adapt flexibly to the new normal and attract many foreign direct investment (FDI) projects.
Chairman of Ho Chi Minh City People's Committee Phan Van Mai affirmed that in 2022 the city will accelerate equitization and divestment of state capital in enterprises, bringing many reputable enterprises and brands to list on the market; improving the investment environment, creating the most favorable conditions for investors in Ho Chi Minh City.
European companies ended 2021 more positive and optimistic about Vietnam’s trade and investment environment, according to the Business Climate Index (BCI) announced by the European Chamber of Commerce in Vietnam (EuroCham) on January 27.
Information from foreign business associations in Vietnam shows that, in 2022, new foreign capital flows into Vietnam will not change suddenly. On the contrary, foreign capital flows from production expansion activities of existing foreign enterprises in Vietnam will increase sharply.
In the context of the Covid-19 epidemic impact, Thu Duc City and districts in Ho Chi Minh City are still making efforts to build an urban government for the implementation of the 2021 themed The year of building urban government and improving the investment environment. Up to now, the construction of urban government has achieved remarkable initial results.
Foreign investors still have high expectations for Vietnam's investment environment despite facing many difficulties at the moment due to the Covid-19 pandemic. Currently, there are still many solutions and ways to improve foreign investment attraction and prepare conditions to be ready to welcome the investment wave in the new normal.
In the first four months of this year, foreign investment flows still poured strongly into Vietnam, with a total capital of US$10.13 billion, an increase of 18.5 percent year-on-year. This is a positive signal, promoting economic development in the context that the whole country has been joining hands to prevent the Covid-19 pandemic.
