The southern province of Dong Nai absorbed nearly 690 million USD in 76 newly-licensed and existing foreign-invested projects this year to May 17, up 143 percent against the same period last year and fulfilling nearly 70 percent of the annual target.
Vietnam attracted 8.06 billion USD in foreign direct investment (FDI) in the first four months of 2018, equivalent to 76.1 percent of the figure in the same period last year, according to the National Statistics Office.
Foreign-invested enterprises disbursed 3.88 billion USD in the first quarter this year, up 7.2 percent annually, according to the Ministry of Industry and Trade’s Foreign Investment Agency (FIA).
The northern city of Hai Phong attracted 916 million USD in Foreign Direct Investment (FDI) in the first quarter of this year, surging by 332.34 percent from the same period in 2017.
Ho Chi Minh City reeled in 1.28 billion USD in foreign direct investment (FDI) in the January-March period, 3.8 times higher than that the same period of 2017, via newly-licensed and added investments and share purchase.
Vietnamese businesses have invested in 23 projects totaling 123.62 million USD in other countries in the first quarter of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Officials from the Department of Planning and Investment and other relevant agencies and sectors in the southern province of Ba Ria-Vung Tau met on March 6 to seek measures to draw in more investment.
The southern province of Dong Nai has licensed eight foreign direct investment (FDI) projects worth 31.7 million USD and one domestic project worth 200 billion VND (8.8 million USD).
The first 11 months of 2017 witnessed a boom in foreign investment in Vietnam, which surged up 53.4 percent year on year to reach 33 billion USD of new capital.
Foreign direct investment (FDI) inflow to the southern province of Dong Nai in the first seven months reached nearly 974 million USD, representing 79.4 percent of the yearly plan.
The northern province of Bac Ninh is leading the country in foreign direct investment (FDI) attraction, drawing over 2.6 billion USD from 14 newly-licensed projects and 48 capital-added projects in the first quarter of this year.
The southern province of Binh Duong has set creating a favourable business environment a top priority to attract investment and improve its provincial competitiveness index (PCI).
The southern province of Binh Dương has recorded a trade surplus of 1.7 billion USD in the first quarter of 2017, thanks to businesses using locally-sourced raw materials for production.
The US ACO Investment Group wants to implement renewable energy projects in Vietnam’s southern province of Binh Duong, Chairman and CEO of the group Hari Achuthan said at a working session with local authorities on February 22.
Foreign direct investment (FDI) inflow to Vietnam is expected to increase in 2017, said Do Nhat Hoang, Director of the Foreign Investment Agency under the Ministry of Planning and Investment.
Ho Chi Minh City absorbed 3.7 billion USD in new foreign direct investment (FDI) so far this year, including expansion and acquisitions, according to the municipal People’s Committee.
Total foreign direct investment (FDI) registered in the country saw a year-on-year decline of 10.5 percent in the 11 months of this year to 18.1 billion USD.
The large import of machinery, equipment and parts in the first ten months of this year reflected increasing investment in the manufacturing and processing industry.
Business
XIII National Congress of Communist Party of Vietnam
