FDI

Facilitating the foreign direct investment (FDI) flows is an effective solution to drive the development in the Mekong Delta region, according to insiders.

The Business Association in the northern province of Thai Binh on August 5 coordinated with the Dhaka Chamber of Commerce and Industry to organise a conference connecting Bangladeshi and Thai Binh businesses.

To achieve the economic growth target of 7.5 -8 per cent, HCM City's departments are making efforts to remove bottlenecks in public investment disbursement.

(VEN) - SCG announced its operating results in the second quarter (Q2) of 2024, demonstrating continuous improvement with increased sales and profit compared to the previous quarter, driven by economic recovery in Vietnam and Indonesia.

The capital city of Hanoi attracted 124.9 million USD in foreign direct investment (FDI) in July, bringing the total in the first seven months to 1.3 billion USD, 65% higher than the same period last year.

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

(VEN) - According to the Ministry of Planning and Investment (MPI), despite the stiff competition in attracting foreign direct investment (FDI) among countries, the potential of Vietnam’s FDI attraction remains positive and FDI can reach US$39 to 40 billion this year, higher than the 2023 figure.

Ha Vu Son, Director of the Department of Industry and Trade of the Mekong Delta city of Can Tho, on July 18 received a delegation of the Korean Energy Agency (KEA) led by its President Lee Sang-hoon who came to seek investment opportunities in the city.

Chairman of the People’s Council of Long An province Nguyen Van Duoc on July 16 noted his hope that Singaporean businesses will work to form industry - innovation – urban area - service - high-tech ecosystems in the Mekong Delta locality.

(VEN) - The German Business Association (GBA) in Vietnam announced significant strides in the second quarter of 2024, underscoring the expansion of German businesses and the pivotal role of future minded actions in the country’s economic landscape.

In foreign investors' eyes, Vietnam remains an important investment destination in the medium and long terms amidst the ongoing global supply chain restructuring, according to the Ministry of Planning and Investment (MPI).

Ho Chi Minh City drew 198.82 million USD in foreign direct investment in the first half of this year, doubling the amount recorded in the same period last year, the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) told a press conference on July 3.

The northern province of Bac Giang has to date attracted 365 projects from the Republic of Korea (RoK) with a total registered capital of nearly 2.7 billion USD.

Prime Minister Phạm Minh Chính attended a Vietnam-Republic of Korea (RoK) Business Forum in Seoul on July 1, which attracted 500 delegates from ministries, sectors, agencies and enterprises of both countries.

The northern province of Hung Yen welcomed 32 new foreign-funded projects valued at 544.29 million USD between the beginning of the year and June 20, bringing its totals to 578 projects and 7.5 billion USD.

A conference was held on June 26 to review the implementation of a Memorandum of Understanding (MoU) on tripartite cooperation between the Ministry of Industry and Trade (MoIT), the People's Committee of Bac Ninh province, and Samsung Electronics Vietnam Co., Ltd. regarding a programme to support Vietnamese enterprises in Bac Ninh.

(VEN) - The foreign direct investment (FDI) capital already invested in the first five months of 2024 hit US$8.25 billion, up 7.8 year-on-year.

Priority will be given to high-tech industries such as electronics production, telecommunications, semiconductor chips, software manufacturing and digital products.

Hung Yen values and calls for enterprises from the Republic of Korea (RoK) to invest in areas where they have strengths and the northern province has outstanding competitive advantages. Processing and manufacturing, clean and renewable energy, infrastructure, modern agriculture, logistics, finance and banking are all great areas for investment, said a provincial leader.

Northern Quang Ninh province has attracted more than 1.52 billion USD worth of foreign direct investment (FDI) in the first half of this year and is poised to reach its goal of 3 billion USD in FDI for the full year.

The central province of Quang Binh trumpeted its natural beauty and investment potential at an event in the Belgian capital of Brussels on June 14, which attracted many local tourism agencies, potential investors and travel fans.

The Vietnam Trade Office in Canada has coordinated with agencies of the host country to hold a business dialogue in Toronto, drawing the attention of Canadian businesses that have invested in Vietnam and those planning to seek opportunities in this dynamic Asian market.

There are plenty of opportunities for Vietnamese enterprises to expand investment in Slovenia which is located in the centre of Europe and boasts an export-oriented economy along with strengths in a variety of fields such as transportation, logistics, engineering and pharmaceuticals, according to Vesna Nahtigal, General Manager of the Chamber of Commerce and Industry of Slovenia (CCIS).

A delegation from the northern province of Ha Nam led by Secretary of the provincial Party Committee and Chairwoman of the provincial People’s Council Le Thi Thuy paid a working visit to the Czech Republic on May 30-31.

The northern province of Bac Giang is focusing on removing difficulties to speed up the disbursement of public investment, striving to achieve 100% of the plan set for 2024.

A conference promoting the trade and investment climate of the northern province of Thai Binh, one of Vietnam's major hubs for ago-fishery exports, took place at the Vietnamese Embassy in Brussels, Belgium, on May 23.

Criteria for appraising and assessing the quality of FDI projects at the provincial level were announced at a conference on Thursday in Hà Nội.

As of May 2024, the southern province of Binh Duong has attracted nearly 4,300 projects with a total investment capital of nearly 40.6 billion USD from 65 countries and territories, ranking third in the country after Ho Chi Minh City and Hanoi.

Industrial parks in the southern province of Dong Nai continued to see a strong influx of foreign direct investment (FDI) in the first months of this year, which has surpassed the yearly target by nearly 20%.

A delegation from the European Union (EU), the Netherlands, and the Vietnamese Embassy in Singapore held a working session with leaders of the northern province of Thai Nguyen on May 16 to explore potential investment opportunities in the province.