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Update news FDI
Tax incentives, low labour costs, along with plenty of other favourable policies can be considered the primary reasons why a number of global technology giants have chosen Vietnam as their base for production.
Foreign direct investment (FDI) in real estate topped 4.4 billion USD as of December 20, accounting for over 16% of the total FDI capital registered in Vietnam, and up 1.8 billion USD year-on-year.
Vietnam attracted a total of 27.72 billion USD in foreign direct investment (FDI) as of December 20, equal to 89% of the figure of the same period last year, according to the Ministry of Planning and Investment.
“We are proud that Vinachem's records in 2021 were broken after 9 months, so business results for 2022 will be much higher,” Nguyen Phu Cuong, Vinachem chairman, said.
Strong foreign capital flow into Vietnam through different channels reflects foreign investors’ belief in Vietnam’s economic development prospects.
Vietnam has set a target to double the amount of foreign investment in agriculture to 34 billion USD by the end of 2030.
For the first time FDI into the northern border province of Quang Ninh this year has surpasses the US$2-billion mark, hitting US$2.18 billion.
Despite a decline of 18 per cent in newly registered capital to $11.5 billion, foreign capital disbursement saw a positive increase of 15 per cent to reach $19.68 billion in the January - November period.
Foreign investors committed to investing billions of dollars in the southeast via signing memoranda of understanding (MoU) in petrochemicals, electronics, industrial park infrastructure, urban areas, and tourism.
Achecklist for appraisal of foreign-invested ventures in Vietnam will help the country woo desired foreign funding.
Vietnam now has the opportunity to receive a new capital flow worth billions of dollars as it has caught the attention of many foreign investors.
Vietnam lacks the proper tools to select good foreign-invested projects. Appraisal and licensing, as well as management and supervision of investment projects, are still weak.
Vietnam is one of the few Asian countries that has not suffered an economic downturn in two years of Covid-19. This year, Vietnam's GDP is forecast to increase by about 5.5%, according to the World Bank.
Real estate enterprises should actively find alternative funding sources such as foreign direct investment (FDI) capital flow to curb their capital shortage as popular capital mobilisation channels for the realty industry have been tightened.
Consecutive hikes in interest rates by the US Federal Reserve are forecast to see investors withdraw from emerging markets, which may impact the country’s capital attraction for the year
Despite foreign direct investment (FDI) in Vietnam shrinking over recent months, the decline has started to slow, with domestic FDI attraction now catching up with the global recovery trend.
Danish toy maker LEGO on November 3 began construction of an over-1.3 billion-USD factory, the biggest foreign-invested plant in the southern province of Binh Duong.
Lacking initiatives and preparation, it has been challenging for Vietnam’s enterprises to join global supply chains, according to the Vietnam Confederation of Industry and Commerce (VCCI)’s latest study.
Older, labor-intensive, high-emission models in industrial zones (IZs) and export processing zones (EPZs) need to be eliminated, said HCM City’s Party Committee Secretary Nguyen Van Nen.
Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.