Auto manufacturing at Chu Lai Economic Zone. (Source: VNA) Quang Nam (VNA) – The central province of Quang Nam is home to nearly 6,000 businesses, including 153 foreign direct investment (FDI) projects with total registered capital of 5.58 billion USD. In the first quarter of 2018, the locality licensed five FDI projects worth nearly 12.4 million USD. Among more than 20 countries and territories investing in Quang Nam, the Republic of Korea (RoK) takes the lead with 31 projects valued at more than 250 million USD. Of which, 20 projects are operational while the rest are under construction. During January-March, the province also granted licences to 12 domestic projects with accumulated capital of over 954 billion VND (41.9 million USD). At the same time, there were 278 newly-established firms worth 1.4 trillion VND (61.6 million USD). Nguyen Hong Quang, Chief of the Office of the provincial People’s Committee, said the foreign-invested enterprises have generated … [Read more...] about Quang Nam attracts 153 FDI projects
Fdi
Hai Phong attracts more than US$900 million in FDI
The foreign direct investment (FDI) inflow to the northern port city exceeded US$916 million in Q1 of 2018, more than tripling the figure from the same period last year. Engineering products are manufactured at the Japan-invested RK Engineering Co in Hai Phong’s Dinh Vu- Cat Hai Economic Zone. - Photo VNA The latest additional inflow has brought the FDI registered in Hai Phong to a total of up to $15.44 billion, local authorities have said, adding that foreign-invested projects in the city mostly operate in mining, footwear, textiles and the plastic industry. The municipal People’s Committee chairman Nguyen Van Tung attributed this positive result to the city’s ongoing efforts to foster administrative reforms, improve its investment climate, accelerate investment promotion and resolve difficulties for investors in implementing their projects here. The city has requested the relevant departments to review lists of industrial projects calling for investment … [Read more...] about Hai Phong attracts more than US$900 million in FDI
Dong Nai lures over 374 million USD in FDI in Q1
The southern province of Dong Nai has licensed 38 foreign direct investment (FDI) projects worth more than 374 million USD in the first three months of 2018 (Illustrative photo: VNA) Dong Nai (VNA) – The southern province of Dong Nai has licensed 38 foreign direct investment (FDI) projects worth more than 374 million USD in the first three months of 2018. According to the local management board of industrial parks, of the total, there were 22 new projects, with combined registered capital exceeding 106 million USD. They included projects invested by August Sport Ltd at 15 million USD and by Great Kingdom Nhon Trach 2 Ltd at 10 million USD. The remaining 16 projects, which had already operated, saw over 268 million USD added to their existing capital. They included the Dutch-funded Bosch Gasoline Systems – HPC plant in the Long Thanh industrial park (over 71 million USD) and a project by the Singaporean-funded OPC pharmacy company in the Bien Hoa II industrial … [Read more...] about Dong Nai lures over 374 million USD in FDI in Q1
Facts about VN’s FDI attraction in Q1
15:12 | 02/04/2018 VGP – The total newly-registered and additional Foreign Direct Investment (FDI) capital was estimated at US$3.91 billion in the first quarter of 2018, a year-on-year decrease of 43%, according to the General Statistics Office. Meanwhile, the realized FDI capital in three months witnessed a year-on-year increase of 7.2%, reaching US$3.8 billion. VGP/Thuy Dung VGP/Thuy Dung VGP/Thuy Dung VGP/Thuy Dung By Thuy Dung … [Read more...] about Facts about VN’s FDI attraction in Q1
Southern localities remain FDI magnets
(VEN) - In the first two months of 2018, foreign investors invested in 47 Vietnamese provinces and cities. Ho Chi Minh City and the provinces of Binh Duong and Dong Nai continued to lead localities in attracting foreign direct investment (FDI). Improved infrastructure and clear administrative procedures are major factors helping southern localities attract investors According to the Ministry of Planning and Investment (MPI)’s Foreign Investment Agency, Ho Chi Minh City topped the list with registered capital reaching US$1.05 billion, accounting for 31.27 percent of the country’s total. Binh Duong ranked second with US$434 million, accounting for 12.98 percent of the total. Ho Chi Minh City Planning and Investment Department Director Su Ngoc Anh attributed the growth of FDI in the city to the improvement of its investment environment and decentralization that helped investors save time. In the past, the MPI was the only agency authorized to grant licenses … [Read more...] about Southern localities remain FDI magnets