Bac Ninh receives $745.2 mln in Q1 foreign investment, coming second in Vietnam
Vietnam’s northern industrial province of Bac Ninh attracted total foreign investment of $745.2 million in the first quarter (Q1) of this year, coming second nationwide in terms of foreign capital inflows with a 12.1% share, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam foreign investors upbeat, minor niggles remain: report
Foreign investors in Vietnam have better sentiments and are optimistic about the future, according to a report released Tuesday by the Vietnam's Association of Foreign Invested Enterprises (VAFIE).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Annual report on FDI in Vietnam identifies new challenges, opportunities
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) will release the 2023 edition of its annual report on foreign investment in the country on Tuesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam striving to address foreign investors’ concerns: deputy minister
The Vietnamese government is making tireless efforts to address major concerns of foreign investors as the country competes for investment in important industries, said a deputy investment minister.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam ready to ride new investment wave
Vietnam has gone through three waves of FDI and is at the foot of the fourth wave after Vietnam-U.S. relations were upgraded to a Comprehensive Strategic Partnership in September 2023.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam considers cost-based incentives to attract more FDI
Vietnam should consider cost-based incentives as it renews policies to attract foreign direct investment (FDI) because those currently in vogue are becoming outdated, says the Ministry of Planning and Investment.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Registered FDI in Vietnam posts highest ever growth of 32%
Registered foreign direct investment (FDI) in Vietnam reached $36.6 billion this year through December 20, up 32.1% year-on-year, the highest ever growth, according to the Ministry of Planning and Investment.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
German gas producer to invest $133 mln in Vietnam’s Quang Ngai province
German industrial gas producer Messer received an investment certificate for a $133.28 million project in Vietnam’s central province of Quang Ngai on Sunday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Readymade warehouses, factories lure significant foreign investment to Vietnam: Knight Frank
The market for ready-built warehouses and factories has experienced a fivefold increase in investor numbers since 2018, said Alex Crane, managing director of real estate consultant Knight Frank Vietnam.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese firm to develop fabric-based products for Vietnam auto industry
Japan’s Ohtsuka Sangyo Material Co. Ltd. will invest $20 million in a project in the northern province of Ha Nam to research and develop materials for the automobile assembly sector.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s Dong Nai province attracts 3 FDI projects worth $109 mln
Dong Nai province, an industrial hub in southern Vietnam, granted investment certificates to three foreign direct investment (FDI) projects with total registered capital of $109 million on Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan’s Lotes to invest $25 mln more in northern Vietnam factory
Taiwanese electronics firm Lotes, a supplier to Intel, Samsung and Sony, will invest an additional $25 million in its factory in Thai Binh province, raising its total investment to $145 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central Vietnam province to license 4 FDI projects worth $69 mln
The central province of Quang Ngai will grant investment certificates later this month to four foreign direct investment (FDI) projects worth $69.3 million and two project expansions worth $10.8 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tetra Pak to raise investment in Binh Duong province to $173 mln
Singapore packaging giant Tetra Pak will raise its investment in Vietnam's southern province of Binh Duong to $173 million under an investment certificate granted at the “Meet Singapore 2023” event on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam upbeat about 2024 growth prospects: Deputy Minister
All three growth engines of Vietnam’s economy - investment, exports and consumption - hold brighter prospects in 2024 after a year of struggling due to weaker external demand, said Deputy Minister of Planning and Investment Tran Quoc Phuong.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southern Vietnam province invites Korean semiconductor investments
The Mekong Delta province of Long An hopes to attract South Korean investments in making semiconductors, said Nguyen Van Duoc, head of the provincial Party Committee.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam approves global minimum tax, gov’t to build supporting policy
The National Assembly (NA), Vietnam’s highest legislative body, passed a resolution on global minimum tax (GMT) on Wednesday with a 93.52% endorsement.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Disbursed Jan-Nov FDI in Vietnam hit $20.25 bln, a record high in 5 years
Registered foreign direct investment in Vietnam reached $28.85 billion in the year through November 20, up 14.8% year-on-year, while disbursed capital hit $20.25 billion, up 2.9% and a record high in five years.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central region sees emerging FDI wave from South Korea
An increasing number of South Korean companies are interested in investing in Vietnam’s central region given Vietnam’s move to balance regional development and local government activism, said Kang Boo Sung, consul general of the Northeast Asian country in Danang.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rising land prices in northern Vietnam pose concern to investors: Savills
A substantial increase in land prices in Vietnam’s Northern Economic Zone (NEZ) could unnerve investors who seek to set up manufacturing facitiies here, real estate services firm Savills Vietnam said in its latest note.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign investors bet on Vietnam’s growth: minister
Foreign investment in Vietnam is poised to remain robust as international firms see potential for the country to become a global supply hub and play a crucial role in boosting world trade, according to Minister of Planning and Investment Nguyen Chi Dung.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Registered Jan-Oct FDI in Vietnam rises 14.7% to $25.8 bln
Registered foreign direct investment in Vietnam hit $25.76 billion in the year to October 20, up 14.7% year-on-year, according to the Ministry of Planning and Investment.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Post-tax profits of FDI firms in Vietnam fall 2% to $15.8 bln in 2022
Post-tax profits of foreign direct investment (FDI) firms in Vietnam fell 2.1% year-on-year to VND386.67 trillion ($15.8 billion) in 2022, said Deputy Minister of Finance Cao Anh Tuan.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam protects legitimate rights, interests of foreign investors: PM
Vietnam is committed to protecting the legitimate rights and interests of foreign investors in the country “in any circumstances,” Prime Minister Pham Minh Chinh has said.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial hub Dong Nai okays 3 FDI projects worth $210 mln
Dong Nai province, a manufacturing hub in southern Vietnam, granted investment certificates Thursday to three foreign direct investment projects with a total registered capital of $210 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
US scholars urge Vietnam to climb global supply chains
Eminent scholars and experts from three leading American universities have recommended the Vietnamese government adopt a wide range of solutions to climb global supply chains following the recent double upgrade of ties with the U.S.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong lists 137 mega projects for foreign investment in industrialization spree
In a massive industrialization push, the People's Committee of Hai Phong city has approved a list of 137 projects calling for foreign investment in the 2023-2025 period.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Simplifying investment procedures in Vietnam - the case for Apostille Convention
Vietnam should join the Apostille Convention given the enormous gains that come from reducing administrative burdens and costs of preparing foreign documents for use in the country, write Freshfields Bruckhaus Deringer Vietnam lawyers Chris Milliken and Duong Bao Trung.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM outlines measures to improve FDI efficiency
Vietnam’s Prime Minister Pham Minh Chinh has signed a directive clarifying tasks and solutions to enhance the efficiency of foreign investment in the new period.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bac Giang province approves two FDI projects worth $132 mln
Bac Giang province in northern Vietnam granted investment certificates to two Singapore-invested projects on Thursday with total registered capital of $132 million to supply the solar energy industry.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC attracts $980 mln FDI in four months
Ho Chi Minh City attracted $979.6 million in registered FDI capital in the year to April 20, down 23.4% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth slows to 5.8% in 2023, accelerates to 6.9% in 2024: IMF
Vietnam’s GDP growth might slow down to 5.8% in 2023 and then rebound to 6.9% in 2024, among the highest figures in Asia, according to the International Monetary Fund (IMF).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam eyes FDI in green growth, digitalization: association
The annual report on FDI in Vietnam 2022, released by the Vietnam Association of Foreign Invested Enterprises (VAFIE) on Friday, highlights challenges and opportunities for the country in attracting FDI in green growth and digitalization.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
VAFIE to release 2022 annual report on FDI in Vietnam
Vietnam’s Association of Foreign Invested Enterprises (VAFIE) will release its 2022 annual report on foreign direct investment in Vietnam on Friday, featuring analysis of FDI attraction and use, and suggestions for improvements.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Global minimum tax and solutions for Vietnam to protect budget, investment attraction
The Global Minimum Tax is approaching and Vietnam needs to take drastic action so the country is not left behind, write country tax leader Thomas McClelland and tax partner Vu Thu Nga of Deloitte Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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