Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment.
The first eight months of 2020 have seen few foreign direct investment (FDI) projects in Vietnam's textile industry, a far less lively picture compared to the same period last year, the department of foreign investment under the Ministry of Planning and Investment has reported.
Ministers and leaders of People’s Committees of cities and provinces nationwide are required to remove difficulties and promote the disbursement of public investment as well as production, business and consumption.
The northern province of Bac Ninh licensed 119 new foreign direct investment (FDI) projects worth 334.8 million USD in the first eight months of 2020, according to the provincial Statistics Office.
Hanoi should focus on improving its infrastructure system while hastening administrative reforms to attract investors eyeing Vietnam amid the global production shift, experts have said.
Foreign investors invested in 59 cities and provinces in Vietnam over the first 7 months of 2020. Of which, Bac Lieu province took the lead with one major project worth 4 billion USD, accounting for over 21 percent of total registered capital.
Vietnam attracted 3.15 billion USD in foreign direct investment (FDI) and capital for share purchases in July, representing a rise of 79.8 percent against the same period last year and 76.2 percent against June, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Challenges will overwhelm opportunities for Vietnamese part suppliers if they are unable to find ways to upgrade technology and meet international production standards, business executives said on July 24.
Indonesia has revised this year’s investment attraction target down to 817 trillion Rp (57.5 billion USD) from 886 trillion Rp due to COVID-19 impacts.
With the successful control of COVID-19, Vietnam has been widely recognised by the international community as a safe and attractive investment destination.
Vietnam recorded a year-on-year decrease of 15.1 percent in foreign direct investment (FDI) inflows to 15.67 billion USD as of June 20, according to the Ministry of Planning and Investment (MPI).
Malaysia's foreign direct investment (FDI) increased 3.1 percent to 31.7 billion ringgit last year from 30.7 billion ringgit recorded in 2018, according to the Department of Statistics Malaysia (DOSM).
Ho Chi Minh City attracted a combined 1.6 billion USD in foreign direct investment (FDI) in the first five months of 2020, or 57.67 percent compared to the same period last year.
The northern province of Vinh Phuc attracted nine new foreign direct investment (FDI) projects and permitted 17 existing ones to increase capital with a combined sum of over 88 million USD in the first five months of 2020.
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.
Transnational businesses are considering shifting their facilities, which is a challenge but also a good opportunity for Vietnam, and the country should prepare to welcome a wave of investment, Minister – Chairman of the Government Office Mai Tien Dung said on May 5.
Vietnam attracted 12.33 billion USD in foreign direct investment (FDI) in the first four months of 2020, a year-on-year decrease of 15.5 percent due to the impact of the COVID-19 pandemic, according the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
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