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Update news FDI
Despite newly-registered FDI dropping in the first half of the year, additionally-registered and share-purchased investments increased significantly on-year.
Experts have pointed out that many localities accept small-scale foreign-invested projects which don’t have much significance to the localities, and allocate too much land to these projects.
Vietnam is said to be a destination for many major companies in the world, as the disruption of production activities due to the COVID-19 pandemic in China has forced them to find ways to move part of their production lines out of this country.
The Government will keep following reform policies in administrative procedure, legal environment, more transparency and publicity in creating trusts and confidence among businesses investing in VN and Danang with the win-win target.
The fact that rich countries want to impose a global minimum tax of 15 percent has put Vietnam in an awkward situation. Vietnam would be able to collect bigger taxes but this could discourage multi-national enterprises.
In a bid to fuel agricultural investment which remains negligible in Vietnam, the government is expected to devise new incentives and boost reform of administrative procedures in favour of foreign investors.
Binh Duong People’s Committee has committed to resolving the problems relating to planning and land handover for the $1-billion Lego factory project.
The issuance of an investment certificate to Lego's ‘green’ project may open a new chapter in attracting foreign investment in Vietnam.
If the growth rate is maintained at a high level, Vietnam's retail market may reach US$200 billion in the next two years, experts have said.
In view of the important contributions of investment capital to the local economy, Viet Nam needs immediate solutions to attract more FDI and strengthen its sources, according to experts.
The Ministry of Planning and Investment has launched a review into the long delays of large-scale foreign-invested projects, in an attempt to free up valuable plots that have been occupying land throughout the country.
Da Nang has been planning for an international and regional finance centre, a national start-up centre, a duty-free zone, an expansion of the international airport and a new deep-sea port for the Master Plan for 2030.
Vietnam is again in the spotlight after Apple’s move to shift production activities to this Southeast Asian country, according to TRT World page of Turkish Radio and Television Corporation.
Almost 93% of German companies operating in Vietnam will continue to invest in the country and over 64 percent of them expect their business to develop better in the next 12 months, a survey from AHK World Business Outlook–Spring 2022 has revealed.
Credit rating for businesses in general, including real estate businesses, can increase the transparency of the market.
Vietnam wants to attract up to 50 percent of the Fortune-listed 500 global largest corporations in the future.
The process of domestic businesses absorbing external technology is faced with weaknesses due, in part, to the low ratio of foreign-invested high-tech projects in the country.
Vietnam aims to raise the proportion of registered foreign investment flows from certain countries and territories to over 70 percent in the 2021 - 2025 period and 75 percent in 2026 - 2030.
The southern province of Binh Duong lured 2.5 billion USD worth of foreign direct investment (FDI) in the first five months of 2022, rising to the top of localities nationwide.
With strategic vision, many FIEs in Vietnam have re-oriented their production and business activities, striving for green and sustainable development.