The strong foreign direct investment (FDI) inflow from the Republic of Korea (RoK) has been giving a significant push to Viet Nam in the battle to move up the global value chain ladder and promote sustainable development.

If VN can develop national enterprises into powerful large corporations to act as pillars of the economy, the country will take off and prosper, economist Tran Dinh Thien told VietNamNet on the occasion of Vietnam Entrepreneurs’ Day (October 13).

A lack of large-scale projects and global political fluctuations are key reasons for a fall in newly-registered capital inflow to Vietnam over several consecutive months.

Global manufacturers are increasingly offering solutions to foster the competitiveness of the country’s supporting industries, thus creating a solid foundation for a shift in the global supply chain.

The socioeconomic situations over the world, along with the efforts of Vietnam to build a competitive and transparent business climate, have contributed to enabling FDI disbursement to its highest peak ever.

Coca-Cola Beverages Vietnam Co., Ltd started construction of its largest factory in Vietnam in Phu An Thanh Industrial Park in the Mekong Delta province of Long An on October 14.

The effectiveness of foreign investments in Vietnam will be assessed through 36 indicators as proposed by the Ministry of Planning and Investment in a draft decision of the Prime Minister.

Foreign investment disbursement in the first nine months of 2022 reached the highest 9-month growth rate over the past five years - up 16.2 per cent over the same period in 2021, reaching $15.4 billion.

Vietnam wants foreign investors to come to cooperate and not build closed facilities that are separate oases in the economy, former chair of the Vietnam Confederation of Commerce and Industry (VCCI) Vu Tien Loc said.

Molex, the world’s leading electronic component and connection device manufacturer, has announced a plan to expand its production facility in Hanoi with a total production area of 16,000 sq m.

The number of Apple manufacturing partners setting up their factories in Vietnam has increased to 25 at present, four more than the 2020 figure, the tech giant said in its list of supply partners for the fiscal year 2021.

Molex, the world’s leading supplier of connectors and interconnect components, has unveiled its ambitions to expand its existing manufacturing plant in the Vietnamese market by developing its plant in Hanoi.

Real estate sector attracted 3.5 billion USD in foreign direct investment (FDI) the first nine months of this year, accounting for mearly 19% of total FDI that the country lured in the period, coming second among sectors in terms of FDI attraction.

Coca-Cola Beverages Vietnam Co., Ltd is poised to start development on a beverage factory with total investment capital exceeding US$136 million in Phu An Thanh Industrial Park of Ben Luc district in the southern province of Long An.

The southern province of Binh Duong has taken the lead for foreign direct investment (FDI) attraction thanks to its methods of taking care of investors.

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.

Vietnam’s recovery has been ensured by strong and forward-looking government support which helped to bring in more high-profile FDI projects

Administrative procedures such as a prolonged timeline for obtaining business licences, as well as overlaps in the legal framework, are continuing to affect the expansion plans of many foreign-invested enterprises in Vietnam.

Many businesspeople are pouring money into industrial real estate projects amid Vietnam’s macroeconomic stability and its position as a favorite destination for foreign investors.

Prime Minister Pham Minh Chinh on September 28 suggested the US-based global growth investor Warburg Pincus to further its effective coordination with Vietnamese agencies to increase long-term and sustainable investment in the Southeast Asian nation.