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
FDI sector’s foreign trade down in Jan-Feb
HCMC – Sharp drops in new orders led the foreign direct investment (FDI) companies achieving only US$68.2 billion in import and export value in the first two months of this year, falling by US$9.15 billion against the same period last year. Recent data of the General Department of Vietnam Customs
Vietnam remains key destination for Singaporean investors
HCMC – Numerous Singaporean firms are doing business in Vietnam while many others are sounding out investment opportunities as the country has remained a popular destination for Singaporean investors, heard a conference in HCMC today, March 9. These firms are keen on the infrastructure,
New foreign investment approvals soar in HCMC in Jan-Feb
HCMC – Fresh foreign direct investment approvals in HCMC in the first two months of 2023 totaled US$332.3 million, up 43.1% year-on-year, showed data from the HCMC Statistics Office. During the two-month period, 101 projects were approved from the city, with total registered capital of US$97.7
Singapore is Vietnam’s biggest foreign investor in Jan-Feb
HCMC – Singapore poured US$978.4 million into Vietnam in the first two months of this year, making it the biggest investor among 51 countries and territories investing in Vietnam, according to the Ministry of Planning and Development. Singapore made up 31.6% of total foreign direct investment
Apple contractor Foxconn leases new site in Vietnam
HCMC – Foxconn Technology Group, the biggest contractor of Apple, has signed a lease with the Saigon-Bac Giang Industrial Park Corporation for a 450,000-square-meter site at around US$62.5 million, the local media reported. The new manufacturing site of Foxconn is at the Quang Chau Industrial Zone
S.Korea tops in foreign-affiliated investments in Vietnam in 2016-2020
HCMC – South Korean investments in affiliated firms in Vietnam ranked first between 2016 and 2020, according to a recent report by the General Statistics Office. Foreign-affiliated firms are known as businesses with a foreign ownership of over 50%. During the period, there were 5,663 South Korean
Quang Ninh targets US$1 billion of FDI in 2023
HCMC – The northern province of Quang Ninh looks to attract at least US$1 billion in foreign direct investment (FDI) into industrial parks and economic zones this year. To realize the FDI attraction target, the province will focus on measures to woo investors from particular regions and markets;
HCMC takes lead in FDI attraction in 2022
HCMC – Fresh foreign direct investment (FDI) approvals in HCMC last year amounted to US$3.94 billion, up 5.4% year-on-year, said HCMC Chairman Phan Van Mai. Therefore, the city emerged as the largest recipient of FDI among 63 cities and provinces nationwide. Mai told Phap Luat Online newspaper
Foreign investments in Binh Duong rise sharply
HCMC – Foreign investment approvals in the southern province of Binh Duong have grown strongly between 2016 to 2022, with US$39.7 billion pledged for around 4,085 projects. On average, around US$9.7 million was committed to a foreign-invested project. Last year the province saw a surge of
New FDI approvals in Binh Duong put at over US$3 billion
HCMC – The southern province of Binh Duong attracted US$3.13 billion in new foreign direct investments (FDI) in 2022, particularly in the processing and manufacturing industry, according to the provincial Planning and Investment Department. Binh Duong approved some 70 new projects worth a total of
Bac Giang gets two FDI projects worth US$760 million
HCMC – The northern province of Bac Giang yesterday, January 2, got two projects from Singapore and China totaling more than US$760 million. The People’s Committee of Bac Giang Province issued an investment certificate for the Fulian precision technology plant project of the Singaporean firm