FDI

Total registered foreign investment into Việt Nam has exceeded US$24.78 billion as of September 30, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Vietnamese Ambassador to Italy Duong Hai Hung on October 1 attended a business forum on Southeast Asian markets held in the city of Brescia in Northern Italy, at the invitation of President of the Federation of Employers (Confindustria) of Brescia province Franco Gusalli Beretta.

Long Son Petrochemicals (LSP)’s integrated petrochemical complex, the first of its kind in Vietnam, was put in commercial operation on September 30.

China’s Deli Group broke ground for its new stationery manufacturing plant at the Dai An Expanded Industrial Park in the northern province of Hai Duong on September 28.

Tim Hughes, senior vice president for Global Business and Government Affairs of the US-based provider of spacecraft, satellite launch services, and satellite communications SpaceX, has said the corporation plans to invest US$15 billion in Vietnam.

(VEN) - Bosch Vietnam announced a leadership change for its managing director. Andre De Jong will succeed Dominik Meichle and assume responsibilities effective November 1, 2024.

Skilled workforce, a growing digital economy, competitive wages, and a sizeable regional market were among ASEAN’s top attractions to foreign investors, with Vietnam’s economic resilience being ranked foremost in attracting international firms, according to details given by HSBC experts.

According to the Ministry of Planning and Investment, since the beginning of 2024, FDI has concentrated on provinces and cities with strong infrastructure, stable labour force, administrative reform efforts, and dynamic investment promotion activities. Among these, Hanoi has consistently ranked among the leading localities in the country for attracting FDI.

Prime Minister Phạm Minh Chính urged Mitsui & Co., Ltd of Japan to accelerate the implementation of the Block B gas-electricity project and expand its co-operation and investment in other sectors in Việt Nam, especially offshore wind energy development, during a meeting with its Chairman Tatsuo Yasunaga in Hà Nội on Wednesday.

Permanent Deputy Prime Minister Nguyen Hoa Binh on September 10 held working sessions with representatives of some leading groups in Hong Kong (China) as part of his trip to Hong Kong for attendance at the 9th Belt and Road Summit.

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, as of August 31, the total registered foreign direct investment (FDI) in Việt Nam reached over US$20.52 billion, representing a 7 per cent year-on-year increase.

The Bắc Giang Provincial People's Committee recently hosted a conference titled 'Meeting and Dialogue with the Business Community of Bắc Giang', where provincial leaders listened to local businesses' opinions and proposals, aiming to address challenges and develop practical solutions for investors and enterprises.

The Management Board of Industrial Parks in the northern province of Ha Nam on August 30 held a meeting with Japanese enterprises that are investing in industrial parks in the province.

The southern province of Dong Nai attracted nearly 1 billion USD worth of foreign investment as of August 20, up 34% year-on-year, according to the provincial Department of Planning and Investment.

The German Business Association (GBA) in Vietnam honored outstanding business members across various sectors.

As of June this year, cumulative direct investment from South Korea in Viet Nam had reached nearly US$87.5 billion with more than 10,000 investment projects.

(VEN) - Offering tariff incentives and removing market access restrictions in various sectors, the EU-Vietnam Free Trade Agreement (EVFTA) has opened the door for EU investors to access and expand their investments in Vietnam.

A workshop was held in Sydney on August 28 to promote the trade and investment cooperation between the Central Highlands province of Gia Lai and New South Wales state of Australia.

The southern province of Binh Duong continues to be a top choice for a new generation of foreign investors, thanks to its measures to develop industrial park infrastructure, improve transport connections, and attract human resources for production.

The northern province of Bac Giang will continue to focus on innovating and enhancing the quality of investment attraction in the coming time, according to the provincial People's Committee.

The southern province of Tay Ninh introduced its tourism potential and investment opportunities to diplomats and businesses of 15 countries at a meeting in Tay Ninh city on August 22.

SCG Concrete Roof Vietnam Co., Ltd., (CRVC), a member company of SCG, announced that its SCG color roof has become the first concrete roof tile brand in Vietnam to achieve Singapore Green Label in July 2024, which is one of the most prestigious global certifications for environment and product quality.

The northern province of Phu Tho has completed the construction and expansion of seven industrial parks and 21 out of the 28 industrial clusters, helping turn the province into a magnet for foreign investors.

Vietnam has seen a strong investment inflow from China with the presence of many international corporations in various fields such as technology, electronics, and renewable energy.

China has emerged as the sixth largest investor in Vietnam, with new projects surging sevenfold, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

The northern port city of Hai Phong has been a foreign investment magnet, hosting 967 FDI projects underway worth 30.65 billion USD.

Vietnam’s foreign direct investment (FDI) attraction continues to prosper in July, and quality of FDI capital flows increase sharply thanks to careful project selection, Minister of Planning and Investment Nguyen Chi Dung said at a recent regular Government meeting last month.

After the acquisition of Metro Cash & Carry, MM Mega Market (MMVN) focuses on developing a holistic supply chain and continuously expanding from traditional wholesale model to online B2B marketplace. Over the past 20 years, MM Mega Market has served over 20,000 professional B2B customers in the hotel-restaurant-canteen (HORECA), services-company-office (SCO), and especially the modern grocery chain – Gia Tot.

The southern province of Dong Nai has attracted over 1 billion USD in foreign direct investment (FDI) since early this year, reaching nearly 150% of the yearly plan.

Domestic and foreign investors have proposed investment in waste-to-energy projects in Việt Nam's southern localities.