Vietnamplus

Hanoi needs to use a different approach in order to attract and effectively use foreign direct investment (FDI), given new opportunities and challenges that are expected to pop up in the next 10 years, Deputy Prime Minister Vuong Dinh Hue said at a working session with municipal leaders on January 29.

Capital disbursement of foreign direct investment (FDI) projects stood at 15.1 billion USD as of October 20, up 6.3 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

More than 1.38 billion USD in foreign direct investment (FDI) was poured into the northern port city of Hai Phong during January-August, a year-on-year increase of 99.34 percent.

The disbursement of foreign direct investment (FDI) projects was estimated at 11.25 billion USD as of August 20, a year-on-year rise of 9.2 percent, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

A conference was held in Berlin on October 2 to promote investment in the north-central province of Thanh Hoa as part of the working trip to Germany by senior officials from the Vietnamese province.

Myanmar has set a goal of attracting over 6 billion USD of foreign direct investment (FDI) in the 2017-2018 fiscal year.

China’s Taiwan ranked third among 50 countries and territories running investment in Vietnam in the first four months of 2016.

Many businesses, mainly from the Republic of Korea and Japan, have invested into northern Vinh Phuc province over the past few months.