Definition foreign direct investment

Besides big cities such as Hà Nội and HCM City, satellite cities and provinces have also attracted attention of investors, including Long An and Bình Dương provinces. Those cities and provinces have good locations, abundant human resources and good infrastructure for warehousing, logistics and transportation to major cities, Khương said. … [Read more...] about Hà Nội hopes to attract $38.3 mln of investment in H1

Of these, 1,212 projects were granted investment licenses with a total registered capital of $7.4 billion. 436 projects that were licensed in previous years registered to adjust investments for additional capital of $3.5 billion. Especially, there were 3,528 times of capital contribution and purchase of shares of foreign investors with a total value of nearly $3 billion. Singapore was the country with the highest investment capital of nearly $4.4 billion among 58 countries and territories investing in Vietnam. Taiwan followed with $743 million, tailed by China with $695 million, Hong Kong with $500 million, South Korea with $447 million, and Japan with $221 million. It was recorded that the production and distribution of electricity, gas, steam, and air-conditioner received the highest newly-licensed foreign direct investment with the registered capital accounting for 53.8 percent of the total newly-registered capital. The industrial processing and manufacturing industry accounted … [Read more...] about Foreign capital keeps pouring heavily into Vietnam

Vietnam is expected to see a new foreign direct investment (FDI) wave as more foreign companies plan to move investment into the country. The US-China trade has triggered the trend of shifting production lines from China to Southeast Asia and other markets, including Vietnam which was seen as a promising destination. Meanwhile, many countries are fighting against the Covid-19 pandemic while Vietnam has basically controlled the disease, while maintaining its economic growth momentum. Pegatron, Amazon and Home Depot have started recruiting and seeking to open new supply chains with Vietnam being among potential markets.Other US giants like Google and Microsoft have announced their plans to relocate their production facilities of new phones, personal computers and some other devices from China to Southeast Asia with factories in Vietnam and Thailand expected to be the beneficiaries, the Nikkei Asian Review reported.Microsoft is scheduled to start producing its Surface line, including … [Read more...] about More giant foreign firms plan to shift investment into Vietnam

In the latest effort, the Government issued Resolution No 68/NQ-CP mid-May, setting targets for the 2021-25 period that at least 20 per cent of the number of regulations would be removed or simplified and at least 20 per cent of compliance costs firms incurred to adhere to Government regulations which were in effect as of May 31 would be reduced. … [Read more...] about Gov’t to boost firms, private investment to accelerate post-pandemic growth

A company based outside of Ho Chi Minh City had to wait 20 days to have its proposal for some key experts to be allowed to enter Vietnam approved as the local authorities wanted to wait for similar proposals from other companies to review them at the same time, according to Nguyen Minh Ke, chairman of the Vietnam Aluminum Association. … [Read more...] about Firms face maze of regulations getting key foreign experts into Vietnam