Singapore remained the biggest foreign investor in Vietnam among the 51 countries and territories investing in Vietnam in the first two months of 2023, with 978.4 million USD, making up nearly 31.6% of the total registered foreign direct investment (FDI) in the country, down 42.7% year-on-year, the Ministry of Planning and Investment (MPI) reported.
Foreign ownership limits at credit institutions were expected to be raised to an appropriate level to attract foreign investment, which plays an important role in improving operational efficiency and accelerating the banking sector's restructuring.
Many stocks unexpectedly received a large amount of capital inflows from foreign investors, especially some banking stocks, even though the market went down in October.
The northern province of Bac Ninh and Gumi city of the Republic of Korea co-held a business forum in Bac Ninh city on October 20, aiming to intensify cooperation between the two localities as well as the two countries.
The second phase of the Hoa Cam Industrial Park (IP) in the central city of Da Nang has attracted great interest from investors, according to head of the Da Nang Hi-tech Park and Industrial Zones Authority (Da Nang HPIZA) Pham Truong Son.
Over 20,000 new enterprises were established in Hanoi in the first eight months of 2022, with a total registered capital of 226 trillion VND, representing year-on-year increases of 22% and 2%, respectively.
Many domestic and foreign investors have expressed concern about shortcomings in skilled labour, which is needed to help recover and expand production and business, especially in industrial sectors, according to Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung.
To promote trade and investment relations between Vietnam and the Republic of Korea, the Association for Liaison with Overseas Vietnamese and the Korea-Vietnam Economic and Cultural Association recently organised the Vietnam - Korea Cooperation Forum in Ho Chi Minh City.
Information on investment procedures and incentives were updated to businesses and investors at a dialogue organised by the Department of Industry and Trade of Ho Chi Minh City on March 31.
Being the ninth-largest foreign investor, Malaysia’s presence in Vietnam is a positive trajectory for strengthening bilateral trade between the two countries, making Vietnam an important investment destination, especially in utilities, manufacturing and real estate development, said a Malaysian official.
Foreign investors will continue to pour money into Vietnam’s logistics sector to seize post-pandemic development opportunities, Lao Dong newspaper quoted Piyush Rathorenoi, General Director of the Transworld QBV ICD as saying.
Singapore is hoped to invest in and partner with the Mekong Delta city of Can Tho in sectors that the latter boasts strength in, Secretary of the municipal Party Committee Le Quang Manh said on January 6.
Despite negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector thanks to its advantage of geographical location and skilled labour force, according CEO of BW Industrial Development JSC Lance Li.
Vu Viet Ngoan was re-elected President of the Vietnam-Singapore Friendship Association for the 2021-26 tenure during its second congress held on November 18.
Kurz International Holdings GMBH from Germany has been granted an investment licence for a hi-tech coating and thin film project worth 40 million USD at Becamex Vietnam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh.
Businesses from the Republic of Korea (RoK) poured over 2.43 billion USD into Vietnam in the first eight months of 2021, ranking third in terms of total registered capital after Singapore and Japan.
The Vietnamese Consulate General in Hong Kong (China) will give priority to promoting investment and tourism ties between Vietnam and the region after the COVID-19 pandemic is put under control, with the aim of fully tapping cooperation potential between the two sides in the time to come, a Vietnamese diplomat has said.
Business, trade and investment opportunities in Vietnam were introduced to businesses of Geneva and French-speaking states of Switzerland during a seminar in Geneva on July 20.
Catching up with new retail trends to bring a new shopping experience to customers will help Vietnamese retailers seize the lion’s share of the market, especially after a number of foreign players have shut up their shops, according to insiders.
Over 747.6 million USD were poured into export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City in 2020, representing a year-on-year increase of 15.79 percent, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).
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