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 State Bank of Vietnam (SBV) has issued Decision No.1604/QD-NHNN, approving a scheme on developing green banks in the country by using credit to back eco-friendly projects, with the aim of raising awareness of local banks on the social responsibility in fighting climate change, reported the local media.
To support domestic and foreign investors, leaders in the Mekong Delta city of Can Tho have announced that priority is being given to calling for investment in key areas such as high-tech agriculture, agriculture processing, preservation, logistics, culture and tourism, tourism infrastructure, transport infrastructure, resort and urban infrastructure, housing, and commercial centers.
The southern province of Bà Rịa - Vũng Tàu has attracted US$2.15 billion of foreign direct investment (FDI) since the beginning of this year, up 30.6 per cent over the same period last year.
Vietnam’s industrial real estate market has been becoming a magnet for foreign direct investment (FDI) enterprises thanks to robust growth of macro-economy.
The East-West Economic Corridor’s International Trade, Tourism and Investment Fair – Da Nang kicked off in the central city of Vietnam on August 3.
Hanoi lured more than USD 6.17 billion in foreign direct investment (FDI) in the first seven months of 2018, making it the leading FDI attractor of the country, accounting for 26.9 percent of total FDI commitments in the period.
Vietnam and Algeria should work to remove bottlenecks for investment and trade activities as well as complete a legal framework of support measures so businesses from both sides can enter each other’s market.
Kraig Biocraft Laboratories met with the authorities of Quang Nam Province on July 4 to discuss silkworm technology.
With Vietnam signing many multilateral and bilateral trade agreements and attracting more and more foreign investment, it is hard to avoid grievances and disputes, a workshop heard in Ho Chi Minh City.
The 18th Vietnam International Agriculture Trade Fair (AgroViet 2018) will take place from June 28 to July 1 in the central city of Da Nang, announced the organising board at a press conference in Hanoi on June 18.
Prime Minister Nguyen Xuan Phuc has expressed his belief that the Mekong Delta province of Soc Trang will become a “treasury” of investors in the near future.
Vietnamese enterprises invested nearly 184.7 million USD in overseas projects in the first five months of this year, according to the General Statistics Office.
India’s Assam State will offer a number of preferential policies to create the most favourable conditions for foreign investors to invest, including Vietnamese investors.
Ways to reduce logistics costs in Vietnam were once again discussed at a national conference on April 16, showing the strong determination of the government to increase the competitiveness of the economy.
Japan currently ranks second among 125 countries and territories investing in Vietnam with a total registered capital of US$49.46 billion, after the Republic of Korea (RoK). Economists have predicted that Japanese direct investment in Vietnam will continue to grow in 2018.
Vietnam is likely to see a greater presence by international franchisors over the next few years.