Vietnamplus

Prime Minister Nguyen Xuan Phuc has affirmed that controlling markets is a way for the Vietnamese economy to take off.

The central province of Quang Nam is home to nearly 6,000 businesses, including 153 foreign direct investment (FDI) projects with total registered capital of 5.58 billion USD.

A total of 1,285 deals were made by foreign investors to contribute capital to and buy shares of Vietnamese businesses with total capital of 1.89 billion USD in the first quarter of this year, up 121.6 percent against the same period last year.

Amcham in Vietnam and the Vietnam Association of Foreign Invested Enterprises jointly held a workshop in Hanoi on March 1 proposing new policies for foreign-invested businesses in the pharmaceutical industry.

The average monthly salary of workers increased by 9.3 percent in 2017, according to the Ministry of Labour, Invalids and Social Affairs.

Adjusting preferential policies for investment projects according to development plans in different areas is essential to attract more foreign direct investment (FDI), Chairman of the Vietnam Association of Foreign Invested Enterprises Nguyen Mai said at a seminar held in Hanoi on October 17.

The Mekong Delta province of Tien Giang raked in 1.86 billion USD in the first nine months this year, up 25.4 percent annually and equivalent to 80 percent of the yearly target.

Unresolved issues in Vietnam’s regulations and the business environment have resulted in relatively low FDI inflows from US and European multinational companies, experts say.

Foreign-invested enterprises, including Samsung Complex Vietnam (Samsung Vietnam) of the Republic of Korea (RoK), are an important component of Vietnam’s economy, Prime Minister Nguyen Xuan Phuc told Han Myoung-Sup, General Director of Samsung Vietnam at a meeting in Hanoi on May 16.

Vietnam saw a trade deficit of 177 million USD in May after two months enjoying slight surplus, according to statistics from the General Department of Vietnam Customs.

Vietnam will face challenges in implementing policies and laws on environmental protection, especially in industries seeing strong growth.

Authorities in the northern mountainous province of Yen Bai will enhance measures to improve the local investment climate, aiming to facilitate the operation of foreign-invested enterprises.

Foreign-invested enterprises contributed the largest part of Ho Chi Minh City’s budget revenue last year, reported Sai Gon Giai Phong newspaper.