Bold measures Vietnam has implemented to become a hub for foreign direct investment (FDI) in the past decade required real political will and commitment, according to an article published in the South China Morning Post on October 19.
Prime Minister Nguyen Xuan Phuc on September 30 received Greg Hands, Minister of State for Trade Policy in the Department for International Trade of the UK and President of Enterprize Energy Group Ian Raymond Hatton, who are on a visit to Vietnam to promote an offshore wind power project in the central province of Binh Thuan.
VPBank and Proparco - the private sector financing branch of Agence Française de Développement (AFD) have signed a 50-million-USD loan with the aim of supporting climate-friendly initiatives, green and energy efficient projects, as well as small-and-medium enterprises (SMEs) in the country.
Minister of Planning and Investment Nguyen Chi Dung forecast the country’s economic situation will face big challenges in the second half of the year with huge pressure on inflation control and markets for domestic products.
Minister of Planning and Investment Nguyen Chi Dung has asked localities to bring their advantages into full play to welcome a wave of shifting FDI over the next six months.
The National Pension Service of Korea recently launched a 860 million USD corporate partnership fund with SK Group of the Republic of Korea that will allow the latter to increase investment in Vietnamese firms Masan Group and Vingroup, according to the Korean Investors news outlet.
Dozens of Vietnamese and Japanese firms joined a conference promoting investment in and trade with Dong Nai province – a top destination for foreign investors in Vietnam – in Tokyo on September 19.
The southern coastal province of Ba Ria-Vung Tau is improving connections between its Cai Mep-Thi Vai Port complex and surrounding provinces to strengthen its marine economy, and promoting environmentally friendly projects to develop its tourism sector.
Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Vietnam (SBV) draft regulation.
The property sector will continue to be a fertile ground for foreign investors, largely due to the country’s rising demands for housing as well as deeper global integration with a line-up of bilateral and multi-lateral new-generation trade pacts.
Vietnamese Minister of Finance Dinh Tien Dung met with his Thai counterpart Apisak Tantivorawong on April 4, discussing priorities in finance issues in ASEAN in 2019 and 2020.
In recent years, Vietnamese banking sector has adjusted its strategies and practices to meet green growth targets. However, the outcomes still fall short of expectation.
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.
The banking sector plays a key role in “green” investment, including directing credit flow into environmentally-friendly sectors and restricting flow into projects which might have negative impacts on the environment.
The comprehensive strategic cooperative partnership between Vietnam and China has developed finely and reaped many encouraging achievements, with joint efforts of the two parties, governments and peoples, Prime Minister Nguyen Xuan Phuc has said.
Prime Minister Nguyen Xuan Phuc held bilateral meetings with many foreign leaders on the sidelines of the 12th Asia-Europe Meeting (ASEM) Summit in Brussels on October 18 and 19 (local time).
Indonesia has introduced Green Sukuk, an Islamic bond used for financing environmentally-friendly projects, at the ongoing International Monetary Fund-World Bank (IMF-WB) annual meetings in Nusa Dua, Bali.
As foreign direct investment (FDI) capital has been a major driver for development in the central coastal city of Da Nang, the city is working to attract more FDI.
The central coastal province of Quang Ngai wants to attract foreign investors in large-scale heavy industry related to deep-water sea ports which is an advantage of the province.
An international workshop to promote cooperation in ensuring fairness in Vietnam’s energy shift towards more eco-friendly power was held by the Vietnam Union of Science and Technology Associations (VUSTA), the Friedrich-Ebert-Stiftung (FES) Vietnam Office, and the Green Innovation and Development Centre (GreenID) in Hanoi on September 18.
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