Last year foreign enterprises invested in 19 sectors with the processing and manufacturing industries attracting nearly US$16 billion, accounting for more than 44% of the total registered capital. Production, electricity distribution, and real estate drew a large amount of investment. Among 115 countries and territories investing in Vietnam, Japan ranks top with total capital of more than US$9 billion, followed by the Republic of Korea and Singapore. Investment environment – key to Vietnam’s success Do Nhat Hoang, Director of the Department of Foreign Investment at the Ministry of Planning and Investment said there were many reasons for the sharp rise of FDI in 2017 against a forecast of US$30 billion. The rise was reported on both registered and implemented capital. In the total of US$20 billion worth of implemented capital, US$17.5 billion was disbursed, up 7.5% against 2016. Last year foreign investors spent more than US$3 billion on buying shares. Vietnam’s improved investment environment, political stability, large population, and strong workforce are major attractions for investors. Hirohide Sagara, the Co-Chairman of the Vietnam Business Forum Alliance 2017, said, “I think current activities of the Vietnamese government can be valued highly. We’re glad to continue to work with the Vietnamese government.” Opportunity to attract FDI Despite regional instability, Vietnam has emerged as a leading investment destination with political stability, economic potential, and sound business environment. Vietnam’s hosting of the 2017 APEC Economic Leaders’ Week created a golden opportunity for the country to boost its cooperation with other APEC member economies including… [Read full story]
Illustrative image (Source: VNA) Hanoi (VNA) – The Ministry ofIndustry and Trade has announced it is preparing to review 30 years of foreigndirect investment (FDI) attraction in Vietnam. The review will be based on a report on25-year FDI attraction and a similar survey for 2012-2017 collecting feedbackfrom ministries, agencies, localities, business associations and experts. They offered insight into support industry,connectivity between domestic and foreign firms, technology, FDI attractioninto infrastructure and high-quality agriculture and services, taxes and incentivesand State management in FDI. Since the Law on Foreign Investment waspromulgated in 1987, the foreign-invested sector has expanded and contributedto Vietnam’s development. However, there…... [read more]
Illustrative image (Source: VNA)
Hanoi (VNA) – The Ministry of
Industry and Trade has announced it is preparing to review 30 years of foreign
direct investment (FDI) attraction in Vietnam.
The review will be based on a report on
25-year FDI attraction and a similar survey for 2012-2017 collecting feedback
from ministries, agencies, localities, business associations and experts.
They offered insight into support industry,
connectivity between domestic and foreign firms, technology, FDI attraction
into infrastructure and high-quality agriculture and services, taxes and incentives
and State management in FDI.
Since the Law on Foreign…... [read more]
One of main purposes of attracting foreign direct investment (FDI) is the expectation of receiving technologies transferred from FDI investors. However, according to the World Economic Forum 2016 (WEF 2016), technology transfer from FDI companies in Vietnam is surprisingly low and tends to be pushed far apart from other countries in the region. Technology transfer is almost the primary goal of developing countries when they look for foreign partners. For Vietnam, FDI is expected to blow a gust of vitality called new technology to uplift Vietnam’s technological development level. However, in the past 30 years, we have not acquired much…... [read more]
The Hanoitimes - The Ministry of Planning and Investment will hold a conference in the middle of October to review foreign direct investment (FDI) attraction in Vietnam over the last 25 years.Prime Minister Nguyen Tan Dung has approved a proposal on convening this conference, assigning the planning ministry to coordinate with relevant agencies and localities to prepare for the event, according to the Government web portal.A report of the planning ministry shows that from 1988 to 2011, the total registered capital of more than 13,400 valid FDI projects was US$195.9 billion, in which VND88.2 billion, or 43.2%, had been realized.FDI…... [read more]
A national conference on reviewing 25-year attraction of foreign direct investment (FDI) in Viet Nam is taking place in Ha Noi. PM Nguyen Tan Dung (L) and Minister of Planning and Investment Bui Quang Vinh chair the national conference on reviewing 25-year attraction of foreign direct investment, Ha Noi, March 27, 2013 - Photo: VGP The conference aims to evaluate the outcomes as well as shortcomings of FDI attraction. Participants will discuss orientations to lure foreign investment into high value-added, high-tech, environmentally-friendly projects. Ways to enhance connectivity among enterprises will also be part of the agenda. In a recent interview…... [read more]
