Business

Three foreign groups plan to pour 3.7 billion USD into Vietnam

Three foreign groups unveiled their plans to pour 3.7 billion USD into Vietnam at the Prime Minister’s meeting with foreign investors in Hanoi on April 22, reported the Ministry of Planning and Investment.
Three foreign groups plan to pour 3.7 billion USD into Vietnam ảnh 1At the Prime  Minister’s meeting with foreign investors (Photo: Ministry of Planning and Investment)

Hanoi (VNA) – Three foreign groups unveiled their plans to pour 3.7 billion USDinto Vietnam at the Prime Minister’s meeting with foreign investors inHanoi on April 22, reported the Ministry of Planning and Investment.

Among them, a group from the Republic of Korea is to invest 1.6 billion USD in heavy industry and logistics production; a German investor is eyeing green production using renewableenergy with an estimated capital of 1.5 billion USD; and a Japanese investor plans to spend 600 million USD on medical equipment production.

Chairmanof the European Chamber of Commerce in Vietnam Gabor Fluit said despite severalbarriers, Vietnam remains a rising star in business and investment.

The European business community in Vietnam iscommitted to standing side by side with the Vietnamese Government to build aprosperous and resilient nation, toward sustainable development and greeneconomy, Fluit said.

TakeoNakajima, Chief Representative of the Japan External Trade Organisation (JETRO)in Hanoi, said Japanese enterprises are ready to invest in Vietnam. Its surveyshowed that 47% of respondents will expand their operations in Vietnam in thenext 1-2 years. He also expressedwish to see more foreign direct investment in Thanh Hoa, Quang Ninh andThai Binh.

Hong Sun, Chairman of the KoreaChamber of Business in Vietnam (Kocham), said there are about 9,000 RoK businesses investing in Vietnam at present, with bilateral trade turnover reaching a recordhigh of 87.7 billion USD last year.

ManyKorean businesses investing in Vietnam are considering an increase in theircapital and making new investments if the business environment remains stable,especially in high technology, finance and energy.

Towelcome the investment wave, Minister of Planning and Investment Nguyen ChiDung said Vietnam needs to prepare the necessary conditions, including "packages"of preferential policies and support for new investment in the context of theglobal minimum tax to be applied in 2024, improve the competitiveness of the investmentenvironment and harmonise the interests of investors.

In the long term, Vietnam will continue toremove bottlenecks in mobilising resources and production and trade. It will stepup the disbursement of capital, and consolidate trust with the motto"Placing the people and businesses at the centre, the subject, the goaland the driving force of development”, he said./.

VNA
#Ministry of Planning and Investment #medical equipment production #European Chamber of Commerce in Vietnam #Japan External Trade Organisation Vietnam
Follow VietnamPlus

Related News

Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Vietnam remains favourite destination for European firms: Report

Vietnam remains favourite destination for European firms: Report

Precisely 36% of European firms ranked Vietnam either first, within their top three, or among their top five investment destinations on a global scale. The figure was released in the latest Business Climate Index report by the EuroCham and produced by Decision Lab on April 11.

See more

Members of the RoK delegation visit booths showcasing signature agricultural products of Da Lat – Lam Dong. (Photo: VNA)

Lam Dong seeks stronger economic, tourism links with RoK

Lam Dong is particularly interested in sectors in which Korean businesses have strengths, including agriculture, green energy, the circular economy, high-quality tourism, healthcare, education, human resources training and digital transformation, an official said.

Illustrative image (Photo: EVNNPT)

EVNNPT seeks over 224 mln USD in bank loans for grid expansion

Three projects account for part of the financing need, including 13.3 million EUR for the 220kV Ung Hoa substation and connection lines, 18.6 million EUR for the 220kV Tan Viet substation and the 220kV Tan Viet–Gia Loc–Pho Noi line, and 35.3 million EUR for the 220kV substation connecting the Dong Anh–Van Tri transmission line.

At a farm produce supermarket in Hue city (Photo: VNA)

Inflation control key to maintaining growth momentum

Average consumer price index (CPI) rose 4.52% in the first nine months, roughly in line with the National Assembly (NA)'s full-year target, while core inflation climbed 4.26%, the National Statistics Office (NSO) reported. CPI in some localities ran above the national average, including economic hubs Hanoi and Ho Chi Minh City.

According to experts, Vietnam’s relatively attractive valuation could help draw active investors. (Photo: VNA)

Capital-market channels widened after FTSE upgrade: expert

Vietnam officially entered FTSE Russell’s Secondary Emerging Market category on September 21 after reforms to trading, settlement and foreign-investor access. The reclassification gives Vietnamese equities access to a much larger pool of international capital, but also puts them in direct competition with other emerging markets.

Lao products are promoted at a trade fair in Dien Bien province in September 2026. (Photo: VNA)

Vietnam, Laos seek to expand room for trade, investment cooperation

Vietnam and Laos aim to boost bilateral trade in 2026 towards the milestone of 10 billion USD by 2030, a target said to be challenging but feasible as both Governments work to remove trade barriers, improve border-trade mechanisms, and strengthen transport and logistics connectivity.

At a garment company in Bac Ninh city. (Photo: VNA)

Bac Ninh maintains its lead nationwide in import-export scale

Exports totaled almost 87.5 billion USD while imports hit 90.3 billion USD. The figures show output at the electronics manufacturing hub is still expanding. They also underscore the need for local companies to build capacity and capture more value in supply chains.

Panamanian President José Raúl Mulino speaks at the Panama-Vietnam Business Forum on October 7 in Hanoi. (Photo: VNA)

Vietnam, Panama seek to expand economic cooperation

In the presence of President Mulino, VCCI and the Chamber of Commerce, Industries and Agriculture of Panama signed a memorandum of understanding (MoU) to strengthen cooperation, enhance trade and investment promotion programmes, and support bilateral investment and trade.

Ministry updates on Vietnam-US reciprocal trade agreement talks

Ministry updates on Vietnam-US reciprocal trade agreement talks

The US is one of Vietnam’s major trading partners and holds paramount importance to the country’s exports. The conclusion of the bilateral trade agreement will help establish a stable and balanced trade framework toward sustainable development and open up greater opportunities for cooperation between the two countries.

MICE visitors enjoy services at Song Be Golf Resort in Ho Chi Minh City. (Photo: VNA)

Ho Chi Minh City shifts MICE tourism from venues to experiences

Ho Chi Minh City boasts significant advantages for MICE tourism, with the central area offering strengths in finance, trade and services; Binh Duong in industry, exhibitions and business connectivity; and Ba Ria-Vung Tau and Con Dao in marine tourism, resorts, ecology and distinctive experiences.