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.
Prime Minister Pham Minh Chinh on June 3 asked ministries, agencies and localities to push the three engines of export, investment and consumption in order to spur the country's economic growth in the time ahead.
With the increasing project number and investment value, foreign invested enterprises have become a dynamic sector and an important growth driver for the Vietnamese economy, said Deputy Minister of Planning and Investment Do Thanh Trung.
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.
At a scientific seminar held on May 12, many scientists, experts, and businesses expressed their concerns about what advantages HCMC possesses to attract FDI.
At the fifth session of the National Assembly that was held this May, it was decided that the Government will submit an amended Bill on Credit Institutions for approval at the next session of the National Assembly in October.
Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to US$95 billion by the end of the year as the State Bank of Vietnam rebuilds its stockpile.
Hanoi should maximise all resources for development investment, especially the public-private partnership, Prime Minister Pham Minh Chinh said on May 6.
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 Global Minimum Corporate Tax was mentioned and started affecting the investment environment worldwide ten years ago, but it has been brought up a lot in Vietnam recently.
Mr. Phan Van Mai, Chairman of Ho Chi Minh City's People's Committee, affirmed that the city always accompanies domestic and foreign business communities.
So far this year, foreign direct investment (FDI) channeled into Vietnam neared US$8.9 billion, with new capital surging after a slight decrease in the first three months.
By April 20, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors reached nearly US$8.88 billion, as much as 82.1 percent over the same period last year.
On the morning of April 15, Prime Minister Pham Minh Chinh hosted US Secretary of State Antony Blinken, who is currently visiting Vietnam from April 14 to 16 at the invitation of Foreign Minister Bui Thanh Son.
The recently released 2022 Provincial Competitiveness Index (PCI) report by the Vietnam Chamber of Commerce and Industry (VCCI) presents a concerning snapshot of the business and investment climate.
