Pointing out the 'impossible task' of Vietnam's economy
In the past 9 months, Vietnam's economy grew by 4.24% over the same period. This is an improvement compared to 3.72% in the first half of 2023 but only half of the growth rate of 8.85% compared to the same period in 2022.
Long An attracts US$470 million in FDI
HCMC – The Mekong Delta province of Long An has attracted foreign direct investment (FDI) worth US$470 million in the year to date. This includes the issuance of investment certificates to 39 FDI projects valued at over US$408 million, an increase of 15 projects and a capital increase of US$162
Flicking through business situation
The Ministry of Planning and Investment’s 2022 white book on Vietnamese enterprises showed that there were 811,538 businesses in Vietnam as of December 31, 2020, but only 684,260 produced goods and generated revenue during the year. This translated into 16% of Vietnamese enterprises without an
Attracting FDI: Ho Chi Minh City faces many challenges
Ho Chi Minh City is still among the top localities in attracting FDI, but billion-dollar projects are gradually finding other locations. Ho Chi Minh City has set a target to attract FDI by 2030, which: Increase the ratio of registered investment capital of countries and territories: Korea, Japan,
Mounting challenges
As the tax and land fee incentives that have made Vietnam appealing to foreign investors are about to end, the Government needs to devise a different strategy to attract new foreign investors and retain existing ones. Operational foreign investments decline According to the Foreign Investment
New FDI approvals down in Jan-Apr
HCMC – Fresh foreign direct investment (FDI) approvals nationwide in the year to April 20 had reached nearly US$8.9 billion, down 17.9% against the year-ago period, according to the Foreign Investment Agency at the Ministry of Planning and Investment. There were 750 new FDI projects registered
FDI attraction amidst global minimum tax policy
Foreign direct investment (FDI) has been rising strongly even though global economic uncertainties have negatively affected this capital flow. Many factors are taking a toll on FDI activity and Vietnam can hardly stay unscathed. The global FDI flow amounted to US$1,580 billion in 2021, up a
Concern over global minimum tax
The global minimum corporate tax policy is poised to take effect early next year, which may adversely affect Vietnam’s attraction of foreign direct investment (FDI) as the country has over the years offered tax incentives to lure investors Binh Duong Province, a major venue for FDI in recent
Global minimum tax rate to impact FDI firms in Vietnam
HCMC – At least 1,015 foreign direct investment (FDI) enterprises will be affected by the global minimum corporate tax when this policy comes into force early next year. The issue was raised at a talk on the global minimum corporate tax – prospects and challenges in FDI attraction in HCMC held on
New FDI approvals plunge in Q1
HCMC – Although the number of new FDI projects approved in the first quarter this year grew over the same period in 2022, their capital pledges edged down. Fresh foreign direct investments (FDI) in Vietnam, including newly registered capital, capital increases by operational projects, and capital
Binh Duong’s key economic indicators see negative growth in Q1
HCMC – The southern province of Binh Duong has seen its economic indicators drop in the first quarter of the year, while employees leaving the market outnumbered those entering. Preliminary data from the government of Binh Duong showed that the index of industrial production of the province in the
Hindrances to FDI inflows
Vietnam is among the destinations receiving huge investment shifts from China and has taken the lead in the race for FDI capital against potential competitors such as China, Indonesia, India, and Mexico. However, the country still finds it difficult to attract FDI due to international political