HSBC discusses Vietnam's role in supply chain relocation and outlined essential strategies for the country to enhance its appeal for attracting and retaining FDI.
The central province has granted the investment registration certificate to a $100 million project and the investment memorandum for a $300 million project.
IFC will work with Hanoi to formulate a new-generation FDI strategy and assist the city in diversifying its funding sources.
The Tokyo-based multifaceted company seeks to expand two of its three industrial parks in the country, to cater to the industrial growth and expansion of many FDI companies in the country.
Vietnam is outperforming its regional peers in terms of exports and can further count on more FDI to come as the result of the ongoing US-China trade tensions. And it all now depends on whether the country is equipped with appropriate capacity to absorb such FDI inflows.
Vietnam is having what it takes to upsize its economy, outshining even Singapore, thanks to a raft of foreign investors queuing to get into the nation, a strong FDI drift and the ongoing trade tensions that promote the nation to be the new manufacturing hub.
If Vietnam wishes to draw in more quality foreign investment, particularly in the field of high tech, there definitely is the need for the nation to improve its institutional and legal reforms, say representatives of foreign business community
Danang will grant investment licenses to three foreign-invested projects worth nearly $350 million during a meeting with investors this morning.
In January 2019, FDI projects were estimated to have disbursed $1.55 billion, up 9.2 per cent over the same period of 2017, according to the recently released report of the Foreign Investment Agency, Ministry of Planning and Investment.
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Resilient regional trade, domestic economic performance and strong FDI inflows fuel Vietnamese businesses' optimism.
Foreign direct investment enterprises achieved the highest profit growth amongst the economic sectors, but contributed $11.4 billion only to the State budget, equaling to 28 per cent.
By September 20, 2018, foreign direct investment (FDI) disbursed $13.25 billion, up 6 per cent over the same period of 2017.
As of August 20, 2018, FDI projects disbursed $11.25 billion, up 9.2 per cent over the same period last year, according to a report just released by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).
Despite the significant contribution of FDI to the growth of Vietnam's economy, there are still many opposing views from experts concerning about the over reliance of Vietnam on foreign enterprises.
