Binh Duong province, an industrial hub in southern Vietnam, on January 2 awarded investment certificates to more than 20 domestic investment projects totaling up to 1.7 billion USD.
Foreign and domestic investment in the southern province of Ba Ria - Vung Tau stood at almost 1.63 billion USD and over 25.93 trillion VND (1 billion USD) during the first four months of 2024, surging 7.2-fold from a year earlier.
A total of 5,766 new enterprises were established in the southern province of Binh Duong in the first 10 months of this year with a total registered capital of 43,155 billion VND, an increase of 3.6% in number and 21.9% in capital compared to the same period last year.
More than 549 million USD worth of new and additional investment was poured into export processing and industrial zones of Ho Chi Minh City in 2022, about 9.8% higher than the target, statistics showed.
Domestic corporations are urged to invest more in Vietnamese startups which has mostly drawn attention from foreign venture capital investors, heard at a talk on investment prospects in the innovative startup market in Ho Chi Minh City.
The southern province of Binh Duong will concentrate on promoting infrastructure development and administrative reform, which are considered as two key pillars in creating breakthroughs in socio-economic development.
The Ministry of Transport has said its units are expected to disburse close to 10.86 trillion VND (470 million USD) of public investment by the end of April, fulfilling 28 percent of the annual target.
The northern province of Hai Duong attracted over 3.4 trillion VND (148.24 million USD) in domestic investment in the first quarter of this year, 1.9 times higher than that in the same period last year, according to the provincial Department of Planning and Investment.
The northern province of Hai Duong secured more than 14 trillion VND (606.9 million USD) in domestic investment in 2020, a year-on-year rise of 37.2 percent, according to the provincial Department of Planning and Investment.
Secretary of the Hanoi Party Committee Vuong Dinh Hue ordered departments, sectors and localities to remove bottlenecks for local businesses with a view to realising the 4.5-5 percent GDP growth target this year.
The development of industrial zones (IZs) needs a comprehensive plan to capture the transition of the foreign direct investment (FDI) inflow spurred by trade wars and the COVID-19 pandemic in which Vietnam has significant opportunities to become the next global factory.
Indonesia’s investment realisation target of 790 trillion rupiah (over 56.4 billion USD) can be realised in 2019 and even exceed the target or increase by around 10 percent from that of 2018, announced the country’s Investment Coordinating Board (BKPM) on December 25.
The significant socio-economic-cultural accomplishments that the southern economic hub of Ho Chi Minh City gained in 2017 will create a firm foundation for its stronger development in 2018 and the following years.
Foreign and domestic investment in HCM City has significantly increased and industrial production remains robust, a meeting to review the city’s socio-economic development in the first 10 months of this year on October 30 heard.
Nghe An Central Province published a list of projects calling for investment for the period 2016 – 2020, including over 30 projects in different sectors.
Malaysian Prime Minister Najib Razak has said the government will pump 20 billion MYR (4.6 billion USD) into a domestic investment fund to support the stock market.
