Vietnam - attractive, safe investment destination: official Business

Vietnam - attractive, safe investment destination: official

Vietnam has proved that it is an attractive and safe destination for investors, as reflected through positive signs in foreign direct investment (FDI) in the country in the first five months of this year, according to an official from the Ministry of Planning and Investment (MPI).
Vietnam steps up tax reforms Business

Vietnam steps up tax reforms

Vietnam is sparing no efforts to implement tax reform measures along with the application of information technology in tax administration to disclose budget information, according to the Vietnam Annual Economic Report 2020 launched at a conference in Hanoi on June 17.
IZs, EZs attract 4.3 billion USD in January-May Business

IZs, EZs attract 4.3 billion USD in January-May

Industrial zones (IZs) and economic zones (EZs) attracted 390 foreign-invested projects with a total registered capital of 4.3 billion USD in the first five months of this year, according to the latest updates of the Ministry of Planning and Investment.
IZs development needs planning to attract FDI Business

IZs development needs planning to attract FDI

The development of industrial zones (IZs) needs a comprehensive plan to capture the transition of the foreign direct investment (FDI) inflow spurred by trade wars and the COVID-19 pandemic in which Vietnam has significant opportunities to become the next global factory.
Vietnam-Tanzania ties turning to finer future: Ambassador Politics

Vietnam-Tanzania ties turning to finer future: Ambassador

The relations of friendship, cooperation and mutual trust between Vietnam and Tanzania are turning to a future of better and tighter cooperation, Vietnamese Ambassador to the African country Nguyen Kim Doanh told the media in a recent interview on the occasion of the 55th anniversary of the establishment of the bilateral diplomatic ties.
Vietnam braces for economic effects of COVID-19 Business

Vietnam braces for economic effects of COVID-19

Vietnam will optimise external resources to spur national economy as the impact of the outbreak of acute respiratory disease caused by a new coronavirus (COVID-19) on foreign investment flows into the country is visible, according to the Ministry of Planning and Investment (MPI).
Hai Phong city to set up new industrial zones Business

Hai Phong city to set up new industrial zones

A number of new industrial zones (IZs) will be established in the northern port city of Hai Phong in the near future, said head of the provincial management board of economic zones Pham Van Moi.
Indonesia: Investment realisation exceeds 56.4 billion USD World

Indonesia: Investment realisation exceeds 56.4 billion USD

Indonesia’s investment realisation target of 790 trillion rupiah (over 56.4 billion USD) can be realised in 2019 and even exceed the target or increase by around 10 percent from that of 2018, announced the country’s Investment Coordinating Board (BKPM) on December 25.
More investment flows into SHTP Business

More investment flows into SHTP

The Ho Chi Minh City People’s Committee released its approvals of nine investment projects, including a foreign direct investment (FDI) project and eight domestic ones, into the Saigon Hi-tech Park (SHTP) with a total value of 777.29 million USD.
Ba Ria-Vung Tau selective about investments, prioritises high-tech Business

Ba Ria-Vung Tau selective about investments, prioritises high-tech

Ba Ria-Vung Tau province, one of eight provinces and cities in the Southern Key Economic Zone, has for many years been an ideal destination for foreign investors thanks to its natural advantages and comprehensively developed infrastructure in addition to attractive incentives.
ADB raises growth forecasts for Vietnam in 2019 and 2020 Business

ADB raises growth forecasts for Vietnam in 2019 and 2020

The Asian Development Bank (ADB) has revised up its growth forecasts for Vietnam from 6.8 percent to 6.9 percent for 2019 and from 6.7 percent to 6.8 percent for 2020 while trimming its predictions in developing Asia as growth in China and India is weighed down by both external and domestic factors.