Mekong Delta provinces attract more foreign investment

Provinces in the Mekong Delta drew a total of 99 foreign direct investment (FDI) projects in the first nine months of 2018, said Nguyen Phuong Lam, Deputy Director of the Can Tho branch of the Vietnam Chamber of Commerce and Industry (VCCI).
Mekong Delta provinces attract more foreign investment ảnh 1Provinces in the Mekong Delta drew a total of 99 foreign direct investment (FDI) projects in the first nine months of 2018 (Photo: canthopromotion.vn)
Can Tho (VNA) – Provinces in theMekong Delta drew a total of 99 foreign direct investment (FDI) projects in thefirst nine months of 2018, said Nguyen Phuong Lam, Deputy Director of the CanTho branch of the Vietnam Chamber of Commerce and Industry (VCCI).

During the period, the region absorbed morethan 1.5 billion USD, or 10.6 percent of the total FDI capital flow into thecountry.

The figure only stood at 5-6 percent fiveyears ago, Lam added.

In nine months, Can Tho city alone attracted72 million USD in five new FDI projects, along with an additional 40 millionUSD in two existing projects.

As of early October, the Mekong Delta ishome to 1,495 valid FDI projects worth a total of 20.95 billion USD.

Lam said that most FDI firms, particularlythose from Japan, often pay heed to device manufacturing and technology in theregion.
Meanwhile, investment in the agro-fishery sector, which is viewed asone of the strengths of Mekong Delta localities, remains modest.

He noted that the fourth Vietnam-JapanCultural and Trade Exchange in Can Tho city, which is slated for earlyNovember, will offer favourable conditions to introduce the potential of thecity’s and other Mekong provinces’ agro-fishery sectors to Japanese investors.–VNA
VNA

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.