China-based electronics company Xiaomi has made investments into manufacturing smartphone components in Vietnam as part of its plan to compete against market leader Samsung of the Republic of Korea (RoK).

The country is projected to attract greater investment from the United States, Europe, and other major global enterprises under a recently approved strategy on foreign investment co-operation.

Vietnam is hoping to attract more investment from the US, Europe and major global enterprises under a recently approved strategy on foreign investment cooperation.

Vietnam has attracted more than US$14 billion in foreign direct investment (FDI) in the first half of 2022, and electronic giant Samsung has attained its position as the largest investor thanks to its additional large-scale investments.

Vietnam continues to be a magnet to foreign direct investment (FDI) in ASEAN as it is transforming into a production base for tech giants.

Ho Chi Minh City is calling for investment into 197 projects in ten key areas, an official told the Vietnam-Europe Business Forum in the southern largest economic hub on June 30.

Vietnam reached more than 14 billion USD in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI).

A joint venture between India’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city.

Despite newly-registered FDI dropping in the first half of the year, additionally-registered and share-purchased investments increased significantly on-year.

Experts have pointed out that many localities accept small-scale foreign-invested projects which don’t have much significance to the localities, and allocate too much land to these projects.

Vietnam is said to be a destination for many major companies in the world, as the disruption of production activities due to the COVID-19 pandemic in China has forced them to find ways to move part of their production lines out of this country.

The Government will keep following reform policies in administrative procedure, legal environment, more transparency and publicity in creating trusts and confidence among businesses investing in VN and Danang with the win-win target.

The fact that rich countries want to impose a global minimum tax of 15 percent has put Vietnam in an awkward situation. Vietnam would be able to collect bigger taxes but this could discourage multi-national enterprises.

In a bid to fuel agricultural investment which remains negligible in Vietnam, the government is expected to devise new incentives and boost reform of administrative procedures in favour of foreign investors.

Binh Duong People’s Committee has committed to resolving the problems relating to planning and land handover for the $1-billion Lego factory project.

The issuance of an investment certificate to Lego's ‘green’ project may open a new chapter in attracting foreign investment in Vietnam.

If the growth rate is maintained at a high level, Vietnam's retail market may reach US$200 billion in the next two years, experts have said.

In view of the important contributions of investment capital to the local economy, Viet Nam needs immediate solutions to attract more FDI and strengthen its sources, according to experts.

The Ministry of Planning and Investment has launched a review into the long delays of large-scale foreign-invested projects, in an attempt to free up valuable plots that have been occupying land throughout the country.

Da Nang has been planning for an international and regional finance centre, a national start-up centre, a duty-free zone, an expansion of the international airport and a new deep-sea port for the Master Plan for 2030.