Vietnam has experienced 30 years of successfully attracting foreign direct investment (FDI) and more opportunities stay ahead. Caitlin Wiesen, UNDP country director in Vietnam, writes about the need for the country to shift the FDI focus from quantity to quality.
The East-West Economic Corridor’s International Investment Trade and Tourism Fair (EWEC) opened in the central coastal city of Da Nang on July 30th.
As of July 20th, Vietnam had 1,068 newly-licensed projects; with a total newly registered capital of USD6.92 billion, a year-on-year rise of 1%, reported the Ministry of Planning and Investment’s Foreign Investment Agency.
Shares and market liquidity rose significantly on both bourses on July 22 as high market demand pumped huge flows of money into blue chips and key shares.
Experts and investors see another booming year for M&A (mergers and acquisitions) in 2015 which is expected to beat the record of nearly 5 billion USD in value seen in 2012.
The State Bank of Vietnam (SBV) has allowed some lenders to raise their credit growth ceiling this year in a move to boost economic growth, according to Thoi bao Ngan hang (Banking Times).
The People’s Committee of Hanoi has just announced its plan to issue bonds to mobilise resources for the development of the capital city in 2015, according to the Hanoi Moi newspaper.
(VNF) - The State Bank of Vietnam and the World Bank on July 9th (US local time)signed four credit agreements totaling USD507 million to support Vietnam’s priorities in sustainable agriculture, poverty reduction, and a bus rapid transit system.
(VNF) - Australia will continue to provide aid to Vietnam for the next five years to support the country’s long-term development needs.
The central province of Thua Thien-Hue attracted a total of more than 2.8 trillion VND (128.4 million USD) in its industrial zones in the first half of 2015, a 112 percent of the annual target.
As of June 20th, the northern province of Quang Ninh licensed additional two FDI projects with a registered capital of USD8.3 million, reported the provincial Department of Planning and Investment.
The section of Ho Chi Minh highway 14 through the Central Highlands province of Gia Lai opened to traffic on June 28th.
(VNF) - The World Bank has approved USD45 million in additional financing for an ongoing project to boost Vietnam's livestock production and improve food safety.
(VNF) – Prime Minister (PM), Nguyen Tan Dung has approved policy of building a coastal highway route through Thanh Hoa, Ninh Binh, Nam Dinh, Thai Binh, Hai Phong and Quang Ninh.
The US’s Royal Caribbean International Group and Vietnam Shipbuilding Industry Corporation have signed a Memorandum of Understanding (MoU) on upgrading infrastructure of Chan May Port in the central province of ThuaThien-Hue.
Vietnam pledged to implement signed trade agreements and conclude 14 free trade pacts with 55 foreign partners, including 15 members of the G-20, towards creating a basic foundation for the Southeast Asian country to integrate deeper into the international community and widen future cooperation opportunities.
The Government has agreed to the building of the first fisheries centre for the south of central Vietnam in Khanh Hoa province. Owning favourable conditions, the province is the first among 5 localities being allowed to build fisheries centres.