Illustration photo During January-September, disbursement of FDI projects jumped to US$13.25 billion, representing an increase of 6% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. As of September 20, a total of 2,182 new foreign-invested projects, worth US$14.1 billion, were granted licences, while 841 projects registered to increase their capital by a total of US$5.5 billion. Meanwhile, in the nine months through September, 5,275 projects have had US$5.7 billion in capital contributed by foreign investors, up 36.8% year-on-year. Manufacturing remains the most attractive industry for foreign investors, having attracted US$11.3 billion, accounting for 44.6% of the total registered FDI capital, followed by real estate with a total registered capital of US$5.8 billion, while wholesale and retail sales came in third with a total registered capital of US$2.1 billion. The data shows that 104 countries and … [Read more...] about VN attracts US$25.37 billion FDI capital in nine months
Vien dong hotel ho chi minh city
Ha Noi leads in attracting foreign direct investment
Ha Noi was followed by Ho Chi Minh City with US$4.69 billion and the southern province of Ba Ria - Vung Tau with US$2.15 billion in FDI, which make up 17.9% and 9.4% of the country’s total FDI attraction, respectively, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. Several large projects helped lift Ha Noi to the top position. Notable schemes include the US$4 billion-plus smart-city project invested by Japanese conglomerate Sumitomo in Dong Anh district. Another big investment is the Lotte Mall Ha Noi project by South Korean giant Lotte Group. This US$600-million project is a complex comprising of a shopping mall, hotel, office space and apartments. At the conference “Ha Noi 2018 - Investment cooperation and Development”, municipal authorities also handed over investment licenses to 71 … [Read more...] about Ha Noi leads in attracting foreign direct investment
BUSINESS NEWS 15/5
Development gap hinders linkages in APEC auto industry Addressing the opening ceremony of the 26th APEC Automotive Dialogue (AD26) in Hanoi on May 11, Le Huu Phuc, Director of the MoIT's Department of International Relations, said that APEC should give priority to assisting developing economies in boosting the auto industry. He called for APEC member economies to cooperate effectively in capacity building to study auto industry policies, focusing on priority areas such as market access, human resources and infrastructure, technology incentives as well as environment standards for sustainable development. Regarding the fourth industrial revolution, Phuc said it will lead to the restructuring of the global manufacturing system, not only in technology but also in management and placing of new business models. New technology trends may disrupt value chains, possibly shifting a significant part of global production from developing to developed countries, he said, adding that access to … [Read more...] about BUSINESS NEWS 15/5