One of the critical factors helping attract impressive industrial investments to the Mekong Delta is a series of important infrastructure projects, according to Savills Vietnam.

With a series of seaport infrastructure projects being implemented in the Southern Key Economic Zone, the seaport industry is promising in attracting more foreign investment.

Vietnam lured close to 18.15 billion USD in foreign direct investment (FDI) from the beginning of this year to August 20, up 8.2% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

VOV.VN Singapore is one of Vietnam’s leading investors, injecting more than US$70 billion into 3,031 valid projects, a meeting in Hanoi heard on August 27.

Vietnam expects to attract more foreign direct investment from Western Europe and North America in the near future, said a representative of the Ministry of Planning and Investment.

Vietnam attracted approximately US$18.15 billion in foreign direct investment (FDI) between the beginning of the year and August 20, up 8.2% on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Many foreign retail distributors, promoting strategies to diversify their supply chains and ensure a sustainable and resilient supply, have chosen Vietnam as a strategic location in the global supply chain.

Developing industrial zones is essential to achieving the goals set forth in the foreign direct investment (FDI) attraction strategy for the period of 2021-2030, said Tran Quoc Phuong, Deputy Minister of Planning and Investment.

The Vietnam International Sourcing 2023, which will be hosted by the Ministry of Industry and Trade (MoIT) from September 13 – 15 in Ho Chi Minh City, is expecting to attract about 150 business delegations from 30 countries and territories worldwide.

Foreign direct investment (FDI) inflows into Vietnam have gradually recovered with many large-scale investment projects following the COVID-19 pandemic as well as political and economic uncertainties in the world.

Surpassing Japan, China now ranks third among the countries and territories with significant investments in Vietnam since the beginning of the year.

Top Singaporean groups are continuing to make their mark in Vietnam’s real estate arena, from luxury apartments to industrial complexes.

Sunrise Material of Singapore signed an agreement with a Vietnamese company on August 11 to develop a polymer wrap film production project worth 100 million USD in the northern province of Nam Dinh.

About 91% of German companies are planning to expand their investment in Vietnam, according to a survey conducted by the Delegation of German Industry and Commerce (AHK) in Vietnam.

Lower tariffs, an easy trading environment, convenient logistic services, and a wide range of materials for manufacturing furniture make Vietnam a promising hub of furniture manufacturing, according to Mordor Intelligence.

Vietnam’s foreign investment attraction will see a positive outlook in the coming time as efforts have been made to improve investors’ trust, said director of the Ministry of Planning and Investment’s Foreign Investment Agency Do Nhat Hoang.

Financiers from the Republic of Korea (RoK) poured in US$2.34 billion into the Vietnamese market in the opening seven months of the year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The Ministry of Planning and Investment (MPI) has proposed a pilot investment support policy when applying the global minimum tax: either deducting from enterprises’ tax obligations, or paying directly with money from the state budget.

The Vietnamese business community is taking great strides on the path to bring Vietnamese-made products to the globe.

During the reviewed period, foreign investors pumped US$16.24 billion into the country, up 4.5 per cent year-on-year, the FIA said.