Vietnamplus

Many foreign businesses have come to explore the investment opportunities in Vietnam recently with the intention of investing or expanding operation in the country.

Many foreign businesses have come to explore the investment opportunities in Vietnam recently with the intention of investing or expanding operation in the country, according to the Ministry of Industry and Trade.

Ensuring stable supply of electricity for businesses in major industrial parks is an important task for the power sector and particularly the National Power Transmission Corporation of the Electricity of Vietnam (EVNNPT) to attract more foreign investors in Vietnam.

The northern province of Bac Ninh has earned 29.85 billion USD from exports so far this year, ranking second nationwide in export revenue, following Ho Chi Minh City.

Vietnam attracted 25.4 billion USD in foreign direct investment (FDI) in the first nine months of 2017, up 34.3 percent year on year, reported the Ministry of Planning and Investment (MPI).

The Republic of Korea (RoK) remained Vietnam’s No.1 investor during the January 1-September 20 period, with total investment of 6.31 billion USD, accounting for 24.7 percent of total foreign direct investment (FDI) Vietnam has attracted in the time, according to the Ministry of Planning and Investment.

Samsung Vietnam has achieved a significant breakthrough in increasing the localisation rate of its products from 35 percent in 2014 to 57 percent at present.

The occupancy rate in operational industrial parks (IPs) across the country has reached 73 percent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.

The Republic of Korea (RoK) was the largest among 91 countries and territories investing in Vietnam in the first five months of 2017, with total foreign direct investment (FDI) of 4.41 billion USD, 36.4 percent of total FDI in the period.

Foreign-invested enterprises, including Samsung Complex Vietnam (Samsung Vietnam) of the Republic of Korea (RoK), are an important component of Vietnam’s economy, Prime Minister Nguyen Xuan Phuc told Han Myoung-Sup, General Director of Samsung Vietnam at a meeting in Hanoi on May 16.

The northern province of Bac Ninh is leading the country in foreign direct investment (FDI) attraction, drawing over 2.6 billion USD from 14 newly-licensed projects and 48 capital-added projects in the first quarter of this year.

Vietnam’s manufacturing sector has proven a magnet for foreign direct investment in the first quarter, absorbing 6.54 billion USD, which accounted for 84.9 percent of total registered capital in the period.

The People’s Committee of northern Bac Ninh province on March 2 granted an investment licence to a project worth 100 million USD of the Hanwha Techwin Security Company from the Republic of Korea.

The Electricity of Vietnam’s Northern Power Corporation (EVNNPC) has devised measures to ensure a stable electricity supply for industrial parks (IPs), according to EVNNPC Chairman Thieu Kim Quynh.

Republic of Korea (RoK) businesses have poured additional 6.72 billion USD into Vietnam, making the RoK the largest among 62 foreign investors in the Southeast Asian nation.

The northern province of Bac Ninh has become a magnet for foreign investors thanks to its attractive investment environment and synchronous infrastructure system with a series of modern IZs.

Close to 19.3 billion USD has been poured into a total 2,324 foreign direct investment (FDI) projects in Vietnam since the beginning of this year, according to the Foreign Investment Agency (FIA)

As many as 17.15 billion USD in direct foreign investment (FDI) was poured into Vietnam in the first nine months of 2015, a year-on-year surge of 53.4 percent.

The Yen Phong Industrial Park in the northern province of Bac Ninh has drawn 7.5 billion USD in investment, including 7.2 billion USD from foreign investors.