Vietnamplus

The People’s Committee of Vinh Phuc held a conference on March 8 with a view to attracting more strategic investors from Japan to the northern province.

Vietnam’s continued efforts to improve its business and investment climate is expected to help the country to lure in further foreign direct investment, which is considered one of the key impetuses for economic growth.

Thai government spokesman Anucha Burapachaisri on March 2 said the country’s foreign direct investment (FDI) attraction remained strong in 2022, with FDI rising 36% to over 430 billion THB (12.3 billion USD).

Almost 550,000 workers have had their working hours reduced over the past five months due to orders being cut or reduced, according to a report from the Vietnam General Confederation of Labour.

Singapore remained the biggest foreign investor in Vietnam among the 51 countries and territories investing in Vietnam in the first two months of 2023, with 978.4 million USD, making up nearly 31.6% of the total registered foreign direct investment (FDI) in the country, down 42.7% year-on-year, the Ministry of Planning and Investment (MPI) reported.

Many enterprises from countries such as the UK, the Republic of Korea and Japan said Vietnam is an attractive investment destination, given the country’s stable macro-economy, rapid growth and large market with a rising middle class.

The outlook for water suppliers is optimistic this year as water prices are expected to grow on the back of mounting demand.

The southern province of Binh Duong as of the end of 2022 had attracted more than 4,082 foreign direct investment (FDI) projects worth nearly 40 billion USD of registered funds, ranking it among the top two provinces in the country in FDI attraction, just after Ho Chi Minh City.

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.

Domestic private enterprises in the southern province of Dong Nai earned nearly 5.8 billion USD from export activities in 2022, a record so far, according to the provincial Department of Industry and Trade.

Vietnam has become a reliable friend and partner as well as a responsible member of the international community over the years. Its immense fortune has created a solid foundation to achieve its goal of rapid and sustainable development in the future.

Vietnam’s GDP growth reaches 8.02% this year, a record high in the 2011-2022 period as the economy is recovering strongly.

The Mekong Delta city of Can Tho recorded 12.64% growth in gross regional domestic product (GRDP) this year, its highest ever, announced the municipal Statistics Office on December 28.

Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist.

The Hamburg Chamber of Commerce and Industry (IHK) and the German Asia-Pacific Business Association (OAV) held a workshop on investment in Vietnam on December 5, attracting about 50 major enterprises from the German city and nearby areas.

The disbursement of foreign direct investment (FDI) in Vietnam went up 15.1% between January and November to some 19.6 billion USD, the highest 11-month figure over the past five years.

Secretary of the Party Committee of the northern port city of Hai Phong Tran Luu Quang met with a visiting high-ranking delegation of the Mexican Labour Party (PT) led by General Secretary Alberto Anaya Guitiérrez on December 1.

Danish toymaker LEGO has officially begun the construction of its 1 billion USD project in the southern province of Binh Duong as green investment starts to take shape in Vietnam.

Northern Vietnam has attracted many international giants, especially those in electronics, thanks to its complete infrastructure.

Ensuring a fair, transparent and efficient international trading system is crucial in a global “playground”, stated President Nguyen Xuan Phuc while highlighting major requirements/characteristics of trade and investment activities in the new period.