Da Nang (VNA) - Administrative reform outcomes in the central city of Da Nang have helped the city secure foreign investors’ confidence, contributing to attracting more FDI in the locality. According to the municipal Department of Home Affairs, Da Nang has simplified more than 300 administrative procedures over the past 10 years while implementing 15 projects linking procedures in different sectors and shortening the time for responding to administrative requests by 20 percent in many areas. Thanks to this success, the city has enjoyed fruitful results in FDI attraction. Most recently, authorities granted an investment licence to a semiconductor manufacturing project worth 110 million USD - the second largest foreign-invested project at the Da Nang Hi-tech Park. Called United States Enterprises, the factory will cover a total area of 102,200 sq. m, with the first stage covering more than 61,000 sq. m and costing 66 million USD. Construction is scheduled to commence in the … [Read more...] about Da Nang’s administrative reform efforts pay off
Outflows inflows fdi
Economists chant private sector mantra as Party Congress deliberates
"But thanks to Covid-19, we have seen great potential in the economy. Vietnam's economy is among the top, globally, and stable. People are saying that if we continue to make timely, drastic steps as we did with the recent anti-epidemic efforts, economic achievements going forward will be even greater." … [Read more...] about Economists chant private sector mantra as Party Congress deliberates
Vietnam needs high-quality human resources to keep giant investors
Foxconn will manufacture and outsource tablets and laptops at this factory, with a scale of more than 8 million items per year. The project with a total investment of US$270 million is expected to come into operation in the third quarter of 2022. According to the Ministry of Planning and Investment, this $270-million project is just the beginning of the following equally impressive plans of Foxconn. By December last year, Foxconn had invested in Vietnam US$1.5 billion. This year, the company plans to add $700 million and recruits 10,000 new workers. On the same day, the People's Committee of Bac Giang Province also granted investment registration certificates to three other projects. They were the project of Ja Solar PV Vietnam photovoltaic cell technology of Hong Kong’s investor Ja Solar Investment Limited, Risesun New Material Vietnam Factory project, and Kodi New Material Vietnam Factory project of Singapore’s Risesun Investment Pte. Ltd. The total investment capital of … [Read more...] about Vietnam needs high-quality human resources to keep giant investors
South Korean investors pour big money into Vietnam
As such, Hanwha, the seventh largest economic group in South Korea, has taken steps to scale up its business in Vietnam. After pouring money into insurance and investment, the big player from South Korea has jumped into the field of securities with the stronger presence in Pinetree Securities. … [Read more...] about South Korean investors pour big money into Vietnam
Apple speeds up output shift of iPhones and iPads in Vietnam
Last week a unit of Foxconn known as Hon Hai Precision Industry, a key supplier of Apple, was granted an investment license to develop a $270 million factory to produce laptops and tablets. Located in the northern province of Bac Ninh, the factory will be developed by Fukang Technology with an annual output of 8 million units. … [Read more...] about Apple speeds up output shift of iPhones and iPads in Vietnam
