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.
Prime Minister Pham Minh Chinh chaired a hybrid meeting with foreign-invested enterprises and business associations on September 17, during which he pledged to create favourable conditions for FDI enterprises to invest successfully and sustainably in Vietnam.
Foreign-invested enterprises in Vietnam are recovering well and focusing on production and business expansion, with disbursement reaching a record high in the first eight months of 2022, according to director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) Do Nhat Hoang.
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.
The inflow of foreign investment into Vietnam hit over 2.1 billion as of January 20, up 4.2 percent year-on-year, marking good signals for the country's investment attraction, the latest report from the Foreign Investment Agency (FIA) showed.
Industrial parks (IPs) in the northern province of Hung Yen are now home to 209 foreign-invested enterprises with 271 valid projects worth over 5 billion USD, according to the management board of provincial IPs.
Foreign-invested enterprises have shown optimism about the recovery of Vietnam’s economic and investment climate during a conference on supporting foreign investors to adapt to new normal business situation that took place in Ho Chi Minh City on December 17.
The People’s Committee of the capital city held a dialogue with foreign-invested enterprises in the city on October 19 to seek measures to tackle difficulties faced by foreign firms amid the COVID-19 pandemic.
Representatives of foreign invested enterprises and business associations in the central city of Da Nang have made a number of proposals to the city on measures to recover production, one of which is to speed up COVID-19 vaccination for workers, in the hope of quickly resuming full production.
The Government’s anti-corruption efforts have proven increasingly effective, helping enterprises significantly reduce informal costs, according to the Vietnam Chamber of Commerce and Industry (VCCI).
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 authorities of northern Bac Ninh province always create favourable conditions for, and work to promptly remove difficulties facing foreign businesses, including those from the Republic of Korea (RoK), to effectively operate in the locality, Secretary of the provincial Party Committee Dao Hong Lan has said.
Vietnamese and Indian businesses sought partnership opportunities in garment and textile sector during an online conference held by the Vietnamese Trade Office in India and the Indian Importers Chambers of Commerce and Industries (IICI) on December 30.
Foreign direct investment (FDI) has contributed significantly to the economic development of Nghe An province but more actions are needed to improve its efficiency and increase FDI enterprises' contribution to the State budget.
Industrial parks (IPs) and export processing zones (EPZs) in HCM City attracted investment totalling 591 million USD in the first 10 months of this year, an increase of 7.16 percent year-on-year, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).
Vietnam still managed to maintain export growth in the first 10 months of this year despite COVID-19, and exports for the year as a whole are expected to rise 3-4 percent against 2019, according to the Ministry of Industry and Trade (MoIT).
Vietnam maintained its upwards trend in exports at a time when COVID-19 has ravaged international trade, with year-on-year growth of 4.2 percent posted in the first nine months of 2020, according to the General Statistics Office (GSO).
Vietnamese businesses should seek a new approach to the US market as doing business with this market requires large-scale and clear production capacity, Nguyen Hong Duong, deputy head of the Europe-America Department at the Ministry of Industry and Trade (MoIT), 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.
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