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Update news FDI
The Ministry of Planning and Investment (MPI) is planning to name a list of eight border economic zones on priority for investment in 2021-2025, or one zone lower than the 2016-2020 period.
Vietnam has tremendous opportunities to attract foreign investment as global companies are seeking for a destination promising continuity, World Bank Country Director for Vietnam Carolyn Turk said.
The M&A market is forecast to see big changes since January 1, 2021 as the pandemic-induced slowdown wanes and the policy framework is radically improved.
Vietnam is emerging as one of the top picks for international investors in their strategy for diversifying production facilities.
Vietnam still managed to maintain export growth in the first 10 months of this year despite COVID-19, and exports for the year as a whole are expected to rise 3-4 percent against 2019, according to the Ministry of Industry and Trade (MoIT).
The Khanh Hoa provincial authorities are seeking permission to develop a casino project on Hon Tre Island in Nha Trang City.
Vietnam has now become a top investment destination for foreign companies that are looking to form a sustainable supply chain for the future.
Vietnam attracted US$23.48 billion worth of FDI in the first 10 months of this year, equal to 80.6 per cent of the figure in the same period last year, the Ministry of Planning and Investment (MPI) has reported.
In the East Asian and Pacific region, Vietnam ranked third after China and the Philippines.
The Ministry of Planning and Investment has proposed adding some indexes not yet stated in the statutory economic criteria, such as per capita gross domestic product (GDP), contribution of TFP to growth and labor productivity.
Vietnam's impressive successes and growing position in the world are helping the country become an destination for Japanese and Korean investors.
Many government officials and businesses believe that it is the golden time now for foreign investors to decide to invest or expand their investment in Vietnam, especially in the ICT industry.
Vietnam is attractive in the eyes of investors thanks to its control of the epidemic and economic growth this year.
The businesses owned by Dang Thanh Tam and Dang Thi Hoang Phuong have shown signs of strong recovery as a new FDI wave is expected to come, which will strengthen the industrial real estate market.
Vietnam has been seen as an ideal destination for foreign companies looking for elsewhere to relocate production channels in a bid to diversify their supply chains in the post-Coronavirus pandemic.
The land rent in some industrial zones in Hai Phong, Bac Ninh and Hai Duong has increased by 20-30 percent.
A government report shows that problems still exist at four BOT (build, operate, transfer) toll stations. Because of their special properties, it has been difficult to maintain their operations.
Vietnam is still regarded by investors as an attractive destination thanks to its stable politics and macro economy, favourable geographical location, and advantages in land and human resources.
About 15 out of 30 Japanese firms with overseas production bases say they want to expand and diversify their supply sources in Vietnam, according to a survey by the Japan External Trade Organization (JETRO).
As the global production network has been seriously disrupted, now is the time for Vietnam to reposition itself in the supply chain.