Overseas investment by Vietnamese firms is growing and can surpass 1 billion USD per year in the future, from about 700 million USD at present, said Chairman of the Vietnam Association of Foreign Invested Enterprises Nguyen Mai.
The Vietnam Association of Foreign Invested Enterprises (VAFIE) released an annual report on foreign investment in Vietnam last year at a meeting in Hanoi on May 10.
Foreign direct investment (FDI) poured into Vietnam during the first quarter of 2021 increased compared to the same period last year despite complex developments of COVID-19, which was a relatively positive result but is not sustainable, an insider has said.
The Vietnam Association of Foreign Invested Enterprises (VAFIE) has suggested the development of casino services as a means of economic recovery, in a document submitted to the Government.
A meeting was held in Hanoi on December 10 for businesses from Vietnam and China’s Chongqing province to discuss investment opportunities in the fields of refrigeration mechanics, motorbike manufacturing, electronics and metallurgy.
Very few domestic firms in support industries supply parts for FDI enterprises in the electronics industry, according to Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE).
A total of 1,285 deals were made by foreign investors to contribute capital to and buy shares of Vietnamese businesses with total capital of 1.89 billion USD in the first quarter of this year, up 121.6 percent against the same period last year.
Amcham in Vietnam and the Vietnam Association of Foreign Invested Enterprises jointly held a workshop in Hanoi on March 1 proposing new policies for foreign-invested businesses in the pharmaceutical industry.
Adjusting preferential policies for investment projects according to development plans in different areas is essential to attract more foreign direct investment (FDI), Chairman of the Vietnam Association of Foreign Invested Enterprises Nguyen Mai said at a seminar held in Hanoi on October 17.
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