FDI

(VEN) - Despite its attractive investment environment with numerous advantages, Vietnam may lag behind in the global competition to attract foreign direct investment (FDI) if it does not improve its business environment.

(VEN) - The supply chain of manufacturing industries in Vietnam has become quite developed, with a consumer market of 100 million people and an abundant labor force. This explains why Vietnam’s investment and business environment attracts Chinese businesses.

Vietnam is an attractive destination for enterprises from Dubai, the UAE, who has demand for trade in goods and investment in multiple fields like logistics, finance, and technology, heard a forum held in Ho Chi Minh City on May 9.

Japan's renewable energy firm Erex is going to invest in a 50MW biomass power plant project in Van Yen district, the northern mountainous province of Yen Bai.

Foreign and domestic investment in the southern province of Ba Ria - Vung Tau stood at almost 1.63 billion USD and over 25.93 trillion VND (1 billion USD) during the first four months of 2024, surging 7.2-fold from a year earlier.

The northern province of Thai Binh always accompanies and creates the best conditions for enterprises, including those from the Netherlands to invest in and run long-term and effective business in the locality, Secretary of the provincial Party Committee Ngo Dong Hai has affirmed.

(VEN) - Deputy Prime Minister Le Minh Khai recently had a working session with leaders of 17 US businesses operating in Vietnam. He affirmed the Vietnamese Government’s willingness to create the best conditions for US businesses to invest in the country.

The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.

A business and investment conference was held in Dak Lak province’s Buon Ma Thuot city on April 17 with the aim of enhancing connectivity between Indian firms and Central Highlands provinces.

Vietnam is on the verge of seeing a massive influx of investments from the US, and stands ready to welcome the wave.

(VEN) - At the recent Prime Minister’s meeting with FDI enterprises and Annual Vietnam Business Forum (VBF) held on March 19, 2024, Prime Minister Pham Minh Chinh committed to creating favorable conditions for domestic and foreign investors with the spirit of “harmonious interests, shared risks.”

French enterprises gathered at a recent talk held by the Chamber of Commerce and Industry (CCI) of Nièvre province and the administration of Nevers city to seek investment opportunities and promote economic and trade cooperation with Vietnam.

The German Business Association (GBA) announced its 2024 action plan with enthusiasm and groundbreaking commitments. Under the leadership of the newly elected Board of Directors and Chairman, GBA is focusing on enhancing interaction with its members, expanding its presence in the northern region, and driving strategic development initiatives to strengthen the bilateral economic relations between Vietnam and Germany.

The development investment in Hanoi in the first quarter of 2024 increased by 8.5% to 86.6 trillion VND (3.48 billion USD) compared to the same period last year, the municipal People’s Committee has announced.

Efforts to improve the investment environment made by the northern province of Bac Ninh, which borders Hanoi capital city, have proved effective, as it has been among leading destinations in Vietnam for foreign direct investment (FDI) inflows in recent years.

Singapore was the largest foreign investor in Vietnam in the year to March 20 with over 2.55 billion USD, making up 41.3% of the total foreign direct investment (FDI) registered in the country, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

(VEN) - In the first two months of 2024, Vietnam attracted US$4.29 billion of foreign direct investment (FDI), a year-on-year increase of 38.6 percent, while FDI disbursement reached US$2.8 billion, up 9.8 percent. These are positive signals amidst the ongoing challenging global economic situation.

The People’s Committee of Soc Trang province coordinated with Chinese Consulate General in Ho Chi Minh City to organise a meeting between enterprises of China and local businesses on March 20.

Prime Minister Pham Minh Chinh on March 19 chaired a meeting with FDI enterprises and the annual Vietnam Business Forum (VBF) in Hanoi.

The northern coastal province of Quang Ninh expects to receive an additional seven foreign direct investment (FDI) projects from the US, China and Taiwan (China) in March.

(VEN) - Industrial real estate is expected to be the most notable market segment in 2024 as it attracts significant foreign investment.

The Top Solutions Joint Stocks Company held a groundbreaking ceremony for its grease plant with an investment of 5.5 million USD at Phuoc Nam Industrial Park in Thuan Nam district, the south-central province of Ninh Thuan on March 8.

Representatives of more than 100 enterprises from 27 European countries and the European Chamber of Commerce in Vietnam (EuroCham) will attend the “Business Connection Forum – Industry, Trade, and High-tech Agriculture EuroCham – Binh Phuoc province in 2024” that is slated to take place in Dong Xoai city in the southern province on March 12.

Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.

Vietnam remained an exception in attracting foreign direct investment (FDI) on the global and regional scale last year. The Southeast Asian economy was expected to attract a large amount of FDI this year, said economists and analysts.

The northern province of Quang Ninh attracted eight foreign direct investment (FDI) projects with registered capital totaling 478 million USD in January.

Localities in the northcentral region have made concerted efforts and implemented various measures to attract investment, especially foreign direct investment (FDI), contributing to socioeconomic development in 2024.

(VEN) - Vietnam’s internal strengths and advantages, coupled with the Government’s efforts, help it remain an attractive business destination in a challenging global economic environment, business associations and international economic organizations agree.

(VEN) - Vietnam has an open and flexible investment policy, creating a favorable and stable business environment that is constantly improving. This has generated attraction for foreign investors and made Vietnam a preferred investment destination.

The northern port city of Hai Phong is rolling out measures to make breakthroughs in the development of economic zones (EZ) and industrial parks (IP) to attract more foreign direct investment (FDI).