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Update news FDI
Foreign enterprises are looking to collect shares of leading pharmaceutical companies in Việt Nam and become strategic shareholders.
Industrial real estate developers are receiving good news. The industrial land leasing fee is expected to increase by 10 percent.
A conference with the theme “Prime Minister Pham Minh Chinh with Foreign Direct Investment (FDI) Enterprises Companionship and Development” was opened in the capital city of Hanoi on October 16 morning.
The US-based Noble House Home Furniture LLC has filed for bankruptcy under Chapter 11 with the US Court in the District of Houston, Texas amid inflation and weak consumer spending.
Foreign corporations and investment funds are rushing to inject money into large Vietnamese businesses, especially those in consumer goods, retail, pharmacy and finance.
Despite daunting challenges in the trade sector across the globe, Vietnam has been persistent in its goal of luring high-quality foreign direct investment, with the semiconductor industry expected to breath fresh air into the nation’s economy.
The changes in international relations and geopolitical conditions may lead to a shift of the multi-trillion dollar cash flow. Vietnam now has opportunities to attract more cash flow and obtain high export value.
A number of US technology firms have announced ambitious investment plans for investment in Vietnam.
Despite global uncertainties, Vietnam remains attractive to foreign investors, drawing 20.21 billion USD by the end of September, up 7.7% year on year.
Green energy, semiconductors, healthcare and high-tech are among the sectors in which Vietnam attracts the most interest from foreign investors, according to VinaCapital Group.
Japanese investors have poured multi-billions of dollars into various business fields, from manufacturing and infrastructure development to retail and finance.
More than 150 international investors attended the Investor Conference 2023 hosted by VinaCapital Group on October 3 in Ho Chi Minh City.
Intel has spent USD 1.5 billion on a chip factory in Vietnam and will expand its investment in the near future.
Continuing to apply investment incentives to attract hi-tech foreign projects is necessary to help Vietnam attract large corporations.
The success of PM Pham Minh Chinh’s business trips to the US and Brazil will pave the way for new investment capital flow to Vietnam, especially in the fields of technology, innovation, semiconductors, energy, environment, and education and training.
The upgrade of the Vietnam-US bilateral relations to a Comprehensive Strategic Partnership has opened up strategic opportunities for Vietnam to lure more high-quality investment inflows in terms of innovation and high technology.
There were 38,379 valid foreign-invested projects in Vietnam with a total registered capital of 455.06 billion USD as of September 20, reported the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
Nearly 1,000 foreign enterprises from 28 countries and territories, including giants such as Boeing, Walmart, and Central Retail, have entered Vietnam to explore investment opportunities and seek partners since early September.
Vietnam welcomed US$20.21 billion in foreign direct investment (FDI) during the opening nine months of the year, representing a rise of 7.7% against the same period from last year, according to statistics released by the Foreign Investment Agency.
Lately, numerous major foreign corporations have been actively seeking investment and collaboration opportunities in Vietnam, such as Boeing, Walmart, and Central Retail.