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Update news FDI
The growth of e-commerce will lead to an upswing in warehouse demand in Vietnam, which is still in a relatively nascent stage and accounts for only 5.5 percent of total retail sales, he said.
Amkor Technology will invest $1.6 billion between now and 2035 to build a plant to manufacture, assemble and test semiconductor products on a site of 23ha in an IP in Bac Ninh Province.
Vietnam is assessed to have plenty of room to compete for foreign direct investment (FDI) against major competitors in the current global production shift, said Nguyen Bich Lam, former Director General of the General Statistics Office.
Vietnam attracted US$2.72 billion in new foreign investment approvals in November, raising the total in the January-November period to US$26.46 billion.
Only 1% of American businesses plan to withdraw from Vietnam, according to the latest survey of the American Chamber of Commerce in Vietnam (AmCham Vietnam).
Most foreign invested enterprises have reopened their factories after lockdown and are optimistic about business performance for the last months of the year.
Japanese investors poured approximately US$3.4 billion into Vietnam from January to October 2021, soaring 90% compared with the same period last year.
Several banks are currently issuing dividend paying shares as well as making strong efforts in finding more foreign strategic investors to increase capital.
Vietnam will continue considering foreign investment one of its important drivers for socioeconomic development over the next four years, with its ambitious plan to attract more high-quality funding.
Seeking capital to help recover production and business is not easy but it’s not the biggest difficulty, experts say. The tougher task is driving money “to the right addresses at the right time”.
The majority of foreign-invested enterprises listed on Vietnam's stock market either posted lower after-tax profits or losses in 2020 due to the impact of the COVID-19.
Foreign capital flows are not only poured into Vietnam through FDI projects but also through buying shares in leading companies in the country.
Vietnam remains a safe and attractive destination for foreign investors despite complicated developments of the COVID-19 pandemic.
The Vietnam Railway Authority has proposed the Ministry of Transport call for foreign investments in six projects.
Vietnam posted 18.3 percentage points in the Business Climate Index (BCI) in the third quarter of 2021 that was recently announced by the European Chamber of Commerce in Vietnam (EuroCham).
Vietnam’s real estate market has attracted US$2.12 billion in foreign direct investment (FDI) over the past 10 months, ranking third among sectors attracting FDI this year, according to the Ministry of Planning and Investment.
Investment and trade cooperation between Vietnam and Middle Eastern countries have achieved many encouraging achievements.
Nike is committed to investing and expanding production in Vietnam, Chief Sustainability Officer Noel Kinder told Prime Minister Pham Minh Chinh at a meeting on the sidelines of the 26th UN Climate Change Conference in Glasgow on November 2.
Vietnam is calling for foreign investments in 157 projects in the 2021-2025 period, according to a decision recently signed by Deputy Prime Minister Pham Binh Minh.
Hanoi has shown strong will in addressing concerns of foreign businesses and ensuring an ideal investment environment for them to commit to long-term operation.