Fdi

Foreign businesses continue to show their confidence in Vietnam’s investment environment. The disbursement of foreign direct investment (FDI) in Vietnam during the nine months of 2022 reached nearly US$15.4 billion, up 16.2% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Electronics production at SGK Company in Chuong My Industrial park, Hanoi. File photo “Businesses are firmly on the recovery track, which is evident via expansion and investment activities,” stated the FIA. The FDI commitments declined by 15.3% during the period to over $18.7 billion . In the nine months, 1,355 new projects have been approved with total registered capital of $7.12 billion, up 11.8% in the number of projects but down 43% in capital year-on-year. The FIA attributed the lower investment capital in fresh projects to the global economy's slow recovery following severe Covid-19 impacts and … [Read more...] about Actual FDI to Vietnam rises over 16% to US$15.4 billion in 9-month

As of September 20, registered FDI totalled 18.7 billion USD, down 15.3 percent year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI). Real estate ranks second in terms of FDI attraction in the first nine months of 2022 (Illustrative image: Vingroup) The figure includes 7.12 billion USD poured into 1,355 new projects, respectively falling 43 percent and rising 11.8 percent. More than 8.3 billion USD was poured into 769 existing projects, up 29.9 percent and 13.4 percent, respectively. Meanwhile, foreign investors spent over 3.28 billion USD on purchasing shares in Vietnamese companies, up 1.9 percent. The processing and manufacturing sector continued to take the lead with over 12.1 billion USD in FDI, accounting for 64.6 percent of total registered capital. It was followed by real estate with over 3.5 billion USD, or nearly 19 percent. The MPI said though newly registered investment has yet to fully recover from … [Read more...] about Processing – manufacturing, real estate top FDI attraction in nine months

Illustrative photo This will contribute to immense Gross Domestic Product (GDP) growth in the coming years, even ensuring that the economic growth in Vietnam remains stable. Attracting hi-tech sector In recent meetings with international investors, the question arose whether Vietnam would be able to escape being hit by a global recession next year, when most countries are grappling with slow GDP growth and rising inflation. Vietnam's economic growth rate has accelerated in 2022. Hence, the World Bank (WB) and the International Monetary Fund (IMF), as well as some other global organizations have recently adjusted, and strongly forecast that the GDP growth in Vietnam may surpass 8 percent this year. This has led investors to ask the reasons behind this as compared to other countries in the region. One reason why Vietnam's economy excels is because the Foreign Direct Investment (FDI) is supporting the manufacturing sector and boosting the complexity of products made in … [Read more...] about Hi-tech manufacturing will boost economic growth in Vietnam

Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown. Real estate ranks second in terms of FDI attraction in the first nine months of 2022 (Illustrative image: Vingroup) These positive figures showed that foreign-invested enterprises have been constantly recovering and expanding their production and business activities in Vietnam, FIA said in its report. However, foreign investment inflows into Vietnam saw a yearly decline of 15.3% to over 18.7 billion USD in the nine-month period. Up to 1,355 new foreign-invested projects were licensed during the period with a total registered capital of 7.12 billion USD, up 11.8% in the number of projects but down 43% in terms of capital. The agency attributed the decline in newly-registered capital to difficulties encountered by foreign investors … [Read more...] about Foreign investment disbursement hits record high in nine months

A view of the 2022 Horasis India Meeting (Photo: VNA) Binh Duong (VNA) - Minister of State at the Indian Foreign Ministry Rajkumar Ranjan Singh has said that India is open in its investment in and cooperation with Vietnam in general and Binh Duong province in particular. He made the statement at the opening ceremony of the 2022 Horasis India Meeting, the foremost annual meeting of Indian business leaders and their global counterparts, on September 26 in the southern province of Binh Duong, which is a magnet for foreign direct investment in Vietnam. Beginning in 2009, the Horasis India Meeting offers business and government a platform to discuss a wide range of issues related to the Indian economy. The meeting comprises six plenary sessions and 26 discussion ones, with the engagement of 700 delegates who are expected to discuss common concerns such as global transition, economic development issues arising during the digital transformation process, artificial intelligence and … [Read more...] about Binh Duong remains good destination for Indian investors

Workers at a motorbike assembly plant of Piaggio Vietnam Co., Ltd. — VNA/VNS Photo Tran Viet European firms have shown their optimism about the Vietnamese economy, which is recovering strongly after the COVID-19 pandemic, Vice Chairman of the European Chamber of Commerce in Viet Nam (EuroCham) Nguyen Hai Minh has said. According to Minh, despite the global supply disruptions induced by the pandemic, Viet Nam still exported more than US$35.1 billion worth of goods to the EU in 2020 and over $40 billion last year. Meanwhile, the Southeast Asian nation imported $14.6 billion and $16.7 billion worth of commodities from the bloc in the two years, respectively. In the first eight months of this year, Viet Nam’s exports to the EU were valued at $31.9 billion, up 23.6 per cent, resulting in a trade surplus of up to $21.6 billion, a rise of 46.4 per cent. The figures reflected positive impacts of the EU-Viet Nam Free Trade Agreement (EVFTA), he noted. However, Minh said, European … [Read more...] about European enterprises optimistic about Viet Nam’s economy: EuroCham