Fdi quality

The city’s authorities would continue to create favorable conditions for South Korean companies' projects, including those of Daewoo E&C, especially in culture, education, economy, and trade. Hanoi expects to become the destination for more high-quality FDI projects from Daewoo E&C that are in line with the city’s vision for development. Vice-Chairman of the Hanoi People’s Committee Le Hong Son (R) and Daewoo E&C’s President Jung Won Ju. Photo: Cam Anh Vice-Chairman of the Hanoi People’s Committee Le Hong Son stressed the view in a meeting with Daewoo E&C’s President Jung Won Ju today [June 22]. According to Son, the long-standing presence of Daewoo in Vietnam with its high-quality products and services left a good impression on the Vietnamese people. “Daewoo’s operation has contributed to the transformation of the city, raising living standards, and creating jobs for the locals,” Son said. Son added the city’s authorities would continue … [Read more...] about Hanoi expects high-quality investment projects from Daewoo E&C

According to the latest report by HSBC, total FDI to ASEAN-6 (Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines) has averaged nearly $127 billion per year since 2010, approximately three times more than the average over the previous decade – the average for 2000-09 was $41 billion. Similarly, net FDI – inbound minus outbound direct investment – has averaged nearly $54 billion a year since 2010, almost four times the average from the previous decade. Thinking of FDI-driven economic success stories, Vietnam naturally stands out. The country has turned itself into a rising star in global supply chains, gaining a substantial global market share in many sectors including textiles, footwear, and consumer electronics. Since Vietnam’s Doi Moi reforms in 1986, industrial parks have been set up across the country, attracting investors with preferential tax incentives and an abundance of relatively cheap and productive labour. New FDI has been flowing into the country … [Read more...] about Vietnam continues to be one of the top FDI receivers in ASEAN

Lam Dong Province leaders visit the farm of Sunfood Da Lat CO.OP recently. — Photo courtesy of the Sunfood Da Lat CO.OP The Central Highland province of Lam Dong will need to train a highly skilled workforce, expand international cooperation and lure foreign investment in hi-tech agriculture in an effort to become a national agriculture hub. According to Nguyen Van Chau, deputy director of the province’s Department of Agriculture and Rural Development, Lam Dong, blessed with a mild climate and fertile soil suitable for agriculture, aims to attract FDI in hi-tech agriculture to add value and meet market demand, especially for exports. It plans to focus on restructuring crops and building concentrated production areas. It will invest in equipment and machinery, upgrading factories, supporting human resource training and building processes that meet international standards. Priority will be given to large-scale FDI enterprises with high capability in terms of capital, … [Read more...] about Lam Dong lures FDI in hi-tech agriculture

According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts

Part of Van Don district in Quang Ninh province (Photo: VNA) Quang Ninh (VNA) – The northern province of Quang Ninh posted an estimated growth rate of 10.66% in Gross Regional Domestic Product (GRDP) in the first six months of this year, which is 2.64 percentage points higher than the rate in the same period of 2021. In the period, the province has effectively implemented its overall strategy on containing COVID-19 and safely and flexibly adapting to the pandemic, thus facilitating development in the new normal situation. Quang Ninh collected over 27.18 trillion VND (1.17 billion USD at current exchange rate) for the State budget , an increase of 18% year-on-year. Total social investment in the period is estimated at 42.3 trillion VND, up 10.9% from the same period last year. The tourism industry of Quang Ninh has also enjoyed a stable recovery, serving 5.5 million visitors in the six-month period, a 2.2-fold rise year-on-year. The figure also showed a 19.57% increase … [Read more...] about Quang Ninh posts 10.66% economic growth for first half

A popular check-in place in Pu Luong, Thanh Hoa. (Photo: VNA) Thanh Hoa (VNA) – The north central province of Thanh Hoa has organised various activities to promote its tourism to international markets, including the Republic of Korea (RoK), with the aim of spread its image as a four-season tourist destination. Among its major markets such as Japan, the RoK, China and Thailand, Thanh Hoa has paid special attention to the RoK – a leading partner of the province for years. Pham Duc Tri, Vice Director of the province's Centre for Investment, Trade and Tourism Promotion, said that the RoK currently has the highest number of 37 investment projects in Thanh Hoa, and ranked second among foreign investors in terms of investment capital with about 1.62 billion USD, accounting for 26.5 percent of the total foreign-invested projects and 11 percent of total foreign direct investment (FDI) in the province. Korean-funded projects in Thanh Hoa have been effective, making positive … [Read more...] about Thanh Hoa aims to attract more tourists from RoK