Registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates in the first ten months of this year have been consistent with a stable business climate, radio the Voice of Vietnam quoted Minister of Planning and Investment Bui Quang Vinh as saying. Though Vietnam has become more attractive with its tax incentives, low-cost labour, and long coastline and its increasingly modern port infrastructure, FDI attraction policies still naturally face some challenges, according to Dr. Nguyen Dinh Cung, Director of Central Institute for Economic Management (CIEM), To overcome these obstacles and continue to attract more FDI in the future, Vietnam needs to take a long-range view and develop a national strategy that embraces FDI as a powerful driver for sustainable economic development, Cung said. According to the Foreign Investment Agency (FIA) during the 10 month period, newly registered FDI capital dipped by 23.9 percent to 9.95 billion USD, … [Read more...] about Bản in : Vietnam keen to attract more foreign investors
Vietnam dong to usd
Bản in : EU investments to Vietnam start to recover
Foreign direct investment (FDI) from the European Union (EU) to Vietnam is recovering this year after a downtrend since 2011, according to a report from the Ministry of Planning and Investment's Foreign Investment Agency (FIA). A report released this week pointed out that the EU's total investment in Vietnam in the first half of this year reached 600 million USD, nearly the same as in the entire 2013 and even higher than in the whole 2014. The FDI from the EU has had recovery after reduction from 2011 to 2014 due to recession in the global economy. The total FDI was expected to be higher by the end of this year, the agency forecast. Now, 23 EU nations have invested in Vietnam with the number of existing projects at 1,688 and total investment capital at 21 billion USD. Average investment is 12.6 million USD per project. The biggest investors include the Netherlands, the United Kingdom (UK), France, Luxembourg and Germany, who account for 82 percent of the total FDI, according to the … [Read more...] about Bản in : EU investments to Vietnam start to recover
FDI from the EU to Vietnam starts to rise significantly – Opportunities – Investment
The report released by Foreign Investment Agency this week showed that at present, 23 EU countries have invested in Vietnam with the number of existing projects at 1,688 and the total investment capital worth 21 billion USD. Average investment is 12.6 million USD per project. In the 1988 - 1994 period, the registered capital of the EU in Vietnam remained modestly. However, the FDI from the EU grew significantly in 1995 reaching 707 million USD from only 15 million USD in 1988. The FDI from the region continued to rise in 1997, 2000 and 2001, of which, most of investments came from the United Kingdom (UK) and the Netherlands. However, from 2002 - 2004, the percentage decreased to 16.8% due to the EU's low demand in investing abroad. The EU's investment in Vietnam recovered to reach 1.7 billion USD in 2005 and continuously rose to 2.3 billion USD in 2008 but then decreased to about 450 million USD in 2009. The FDI gained a highest growth of 2.6 billion USD in 2010. The FDI from the EU … [Read more...] about FDI from the EU to Vietnam starts to rise significantly – Opportunities – Investment
FDI from the EU to Vietnam starts to rise significantly
The Hanoitimes - Foreign direct investment (FDI) from the European Union (EU) to Vietnam have started to recover this year after a decline-trend in four consecutive years, according to a report from Foreign Investment Agency under the Ministry of Planning and Investment. The report released by Foreign Investment Agency this week showed that at present, 23 EU countries have invested in Vietnam with the number of existing projects at 1,688 and the total investment capital worth 21 billion USD. Average investment is 12.6 million USD per project. In the 1988 - 1994 period, the registered capital of the EU in Vietnam remained modestly. However, the FDI from the EU grew significantly in 1995 reaching 707 million USD from only 15 million USD in 1988. The FDI from the region continued to rise in 1997, 2000 and 2001, of which, most of investments came from the United Kingdom (UK) and the Netherlands. However, from 2002 - 2004, the percentage decreased to 16.8% due to the EU's low demand … [Read more...] about FDI from the EU to Vietnam starts to rise significantly
ADB: “20% of cash transactions in Vietnam are in USD”
The study, Dealing with Multiple Currencies in Transitional Economies: The Scope for Cooperation in Cambodia, the Lao People's Democratic Republic (PDR), and Vietnam is a pioneering work on the multiple-currency phenomenon with important recommendations for promoting regional monetary and financial cooperation. "Dealing with dollarization and multiple currencies is ultimately an issue of national economic policy, and in this regard, Vietnam has made a good progress in de-dollarization," said Mr. Ayumi Konishi, ADB Country Director for Vietnam. According to Mr Konishi, authorities, especially the State Bank of Vietnam, are fully aware that administrative measures alone cannot be effective: in order to de-dollarize the Vietnamese economy, it is essential to enhance people's confidence in Vietnamese dong through sustainable and high economic growth, stabilization of the foreign exchange rate, reforms in monetary policies, and strengthening of the capacity of financial institutions. The … [Read more...] about ADB: “20% of cash transactions in Vietnam are in USD”