Vietnamplus

The southern province of Ba Ria - Vung Tau was one of the leading localities in attracting investment during 2016-2020, Director of the provincial Department of Planning and Investment Nguyen Cong Vinh has said.

There were some 13,400 new enterprises established during August with total registered capital of 288.8 trillion VND (12.45 billion USD) and 96,300 jobs, according to the General Statistics Office (GSO).

Public investment in August and the first eight months of this year increased 45.4 percent and 30.4 present year-on-year, respectively, according to the General Statistics Office (GSO).

A total of 3,999 new enterprises have been set up in the southern province f Binh Duong since the beginning of 2020, with their registered capital totaling approximately 26.95 trillion VND (1.16 billion USD).

Vietnam attracted 19.54 billion USD worth of FDI as of August 20, down 13.7 percent year-on-year, according to the Ministry of Planning and Investment.

Along with investing in building infrastructure and promoting production, businesses at industrial parks (IPs) in the northern province of Vinh Phuc are also focusing on sewage treatment and environmental protection to ensure the health and safety of workers.

The northern midland province of Vinh Phuc has reaped significant achievements in investment attraction thanks to its efforts in renewing methods in this regard.

The central province of Binh Dinh has proposed two large projects to be added to the list of those calling for foreign direct investment (FDI) in a recent report sent to the Ministry of Planning and Investment.

The northern province of Vinh Phuc has been a destination of choice for investors, both domestic and foreign, amid the COVID-19 pandemic.

The south-central province of Khanh Hoa has agreed to build a road linking Dam Mon Road with the Van Phong International Trans-Shipment Port.

Hanoi should focus on improving its infrastructure system while hastening administrative reforms to attract investors eyeing Vietnam amid the global production shift, experts have said.

Foreign investment in Ho Chi Minh City has totalled 2.37 billion USD this year, including new and additional capital and share purchases, down 32.9 percent year-on-year.

Vietnam had more than 75,200 newly registered enterprises in the first seven months of this year, a 5.1 percent decrease compared to the same period last year.

Vietnam attracted 3.15 billion USD in foreign direct investment (FDI) and capital for share purchases in July, representing a rise of 79.8 percent against the same period last year and 76.2 percent against June, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Covid-19 has seriously affected the global economy and Vietnam is among the few countries with positive growth.

Vietnamese firms have been increasing their overseas investments in recent years in an effort to expand their global reach.

The Chan May – Lang Co Economic Zone in the central province of Thua Thien – Hue, which boasts comprehensive infrastructure and an open investment environment, is hoped to attract new investment flows following the COVID-19 pandemic.

Politburo member Vuong Dinh Hue, Secretary of the Hanoi Party Committee, made a working trip to the Hoa Lac Hi-Tech Park on July 10 with the aim of removing bottlenecks for the park to welcome a new wave of investment.

With huge potential for comprehensive cooperation, Vietnam and the US are boosting two-way trade in a more balanced manner to ensure sustainable development, experts have said.

Merger and acquisition (M&A) deals will likely increase post-pandemic, which industry insiders see as a chance for enterprises to restructure their operations to be more viable.