Business

Vietnam sees optimistic signs in FDI disbursement

Approximately 7.9 billion USD was disbursed in foreign direct investment (FDI) all over Vietnam by August 20, up by 4.5 percent compared to last year, the Ministry of Planning and Investment’s Foreign Investment Agency said.
Approximately 7.9 billion USD was disbursed in foreign direct investment(FDI) all over Vietnam by August 20, up by 4.5 percent compared to lastyear, the Ministry of Planning and Investment’s Foreign InvestmentAgency said.

The agency’s experts attributed this to the rapid implementation of major projects licensed in recent years.

They foresee FDI disbursement for the entire year to totalapproximately 12.5 billion USD, a 8.7 percent rise compared to 2013.

However, newly registered FDI decreased by 19 percent in the firsteight months of 2014, totalling 10.2 billion USD, which was spreadacross 992 new projects and 349 existing ones.

Deputy Director of the agency Nguyen Noi said this decline was due to a drop in the number of major projects this year.
He for his part predicted the total FDI registered at 17–18 billionUSD for 2014, meeting the annual target but only representing 80 percentof the sum generated in 2013.

During the firsteight months, FDI companies earned approximately 65.23 billion USD fromshipping commodities abroad, including crude oil, which rose by 15.6percent compared to 2013, and accounted for 67.3 percent of Vietnam’sexport revenue.

The FDI sector’s imports wereestimated at 53.37 billion USD, up by 10.9 percent, and accounting for56 percent of the country’s total imports.-VNA
Follow VietnamPlus

See more

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.

Honda Vietnam's new CEO, Sayaka Hattori (Photo: VNA)

Honda Vietnam has new female CEO

Sayaka Hattori, a Japanese national with over 25 years of experience in the automobile and motorcycle industry, was appointed as new CEO of Honda Vietnam on April 1.

Illustrative image (Photo: VNA)

Annual enterprise census kicks start nationwide

The survey will span all the 63 provinces and centrally-run cities in Vietnam, targeting enterprises and cooperatives engaging in production and business activities across almost all sectors.