Vietnamplus

The southern province of Dong Nai plans to add more industrial parks for the 2021-30 period, according to the Dong Nai Industrial Zones Authority (DIZA).

The northern province of Vinh Phuc has paid great attention to job creation for rural labourers through policies to support vocation training and attract investment.

Italian enterprises in the province of Pisa in general and in Tuscany region in general were updated on Vietnam’s investment attraction and incentive policies at an event held by the Chamber of Commerce of Pisa and the Italian Chamber of Commerce in Vietnam (ICHAM) in Pisa city on October 25.

Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.

Vietnam is a bright spot in foreign direct investment (FDI) attraction in Southeast Asia, said Sam Cheong Chwee, Executive Director and Head of United Overseas Bank (UOB) Group’s Foreign Direct Investment Advisory Unit at UOB.

Industrial production value of the northern province of Hai Duong hit 174.6 trillion VND (over 7.5 billion USD) in the first nine months of 2019, equivalent to 84.1 percent of the plan set for the year, and up 12.3 percent against that of the same period last year.

The southern province of Binh Phuoc has so far this year attracted 224 foreign-invested projects,with over 2.2 billion USD of FDI disbursed.

Some members of the national financial and monetary policy advisory council have pointed out certain problems in the economy, warning that failure to address them would not only make faster growth unachievable but also decelerate economic expansion.

The Thai government on September 10 endorsed a package of measures aimed at attracting more foreign investment, especially to expedite investments from companies seeking to relocate their production plants in the context of the escalating US-China trade tension.

Prime Minster Nguyen Xuan Phuc has ordered ministries and sectors to accelerate institutional reform to promote economic growth on the basis of macro-economic stability.

General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong has signed a resolution on orientations to perfect institutions and policies to enhance the quality and efficiency of foreign investment cooperation through 2030.

The southern industrial hub of Binh Duong has not only been among leading localities in foreign direct investment (FDI) attraction but also an attractive destination for domestic investors.

In the first six month of this year, the southern Dong Nai province attracted 1.02 billion USD of foreign direct investment, or 102 percent of the target set for the whole year and 8.03 percent higher than the figure of the same period last year.

A conference on foreign investment attraction to the southern province of Binh Duong was organised in Sydney on July 10, attracting crowds of representatives from the two countries’ business communities.

The central city of Da Nang drew more than 542 million USD worth of foreign investment between January and June.

Total State budget collection in the first five months of this year was estimated at 508.6 trillion VND (21.86 billion VND), fulfilling 43.5 percent of the estimate and up 14.1 percent year-on-year, the General Department of Taxation (GDT) reported.

Vietnam’s south central coastal province of Phu Yen introduced a lot of incentives at a conference held in Tokyo on June 3 calling for investments in six projects.

The Mekong Delta province of Tra Vinh issued investment licences to six domestically-funded and one foreign-invested project worth some 188 million USD in May.

Deputy Prime Minister Truong Hoa Binh presented the Government’s report on the implementation of socio-economic development in the first quarter of 2019 and measures for the remaining months of the year at the opening meeting of the 7th session of the 14th National Assembly on May 20.

Southern localities of Vietnam has been a major destination for investment from the Republic of Korea (RoK) in recent years, and local textile-garment and footwear industries have proved to be a magnet for an influx of capital from this country.