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Update news FDI
Foreign investors have increased their capital in the Vietnamese logistics market to seize upon development opportunities after the COVID-19 pandemic, according to industry experts.
The volume and quality of FDI inflows into Vietnam have improved as evidenced by rising number of ‘green’ projects.
Foreign retail businesses are adopting a multi-channel sales strategy as well as improved operations and delivery services to expand Vietnam operations despite pandemic impacts.
More than 55% of Japanese enterprises investing in Vietnam said they will expand their investment in the next one to two years.
The planning of Vietnam's seaports for the next decade sets a target of creating a breakthrough in the seaport system and the attraction of more foreign investment.
Saigon Hi-Tech Park (SHTP) has become one of the ideal destinations for high-tech investors through the presence of the world's leading multinational technology corporations, such as Intel (US), Nidec (Japan), Sanofi (France), and Datalogic (Italy).
Many South Korean enterprises have chosen HCMC as a destination to develop their business and will increase their investment in the city in the coming years, said South Korean Ambassador to Vietnam Park Noh Wan.
The Japan Petroleum Exploration Co. Ltd. (JAPEX) and Vietnam’s ITECO JSC have freshly signed a share purchase agreement.
The proportion of Japanese enterprises operating in Vietnam forecast to be profitable in business activities last year is 54.3 percent, up 4.7 points compared to 2020.
Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually.
With the entry into force of the Regional Comprehensive Economic Partnership, Vietnam is seeing wider doors opened for it to woo investment and swell trade with foreign partners.
Amid rapid economic recovery following the COVID-19 pandemic, Vietnam’s foreign direct investment (FDI) attraction this year is anticipated to record positive signs and hit US$40 billion, according to insiders.
Although the fourth wave of the pandemic negatively affected local production and businesses, the inflow of foreign investment to the southern key economic region increased significantly in 2021.
Minister of Planning and Investment Nguyen Chi Dung said that Vietnamese enterprises’ participation in the global value chain is very modest in both quantity and quality.
Low labour costs, a geographical location close to Asian supply chains, and Japan and the Republic of Korea (RoK)'s efforts to promote greater overseas investment are considered as three factors in boosting Vietnamese foreign direct investment (FDI).
Vietnam is looking to work closely with foreign firms such as Samsung and Toyota to boost the supply of parts within the country, according to the Ministry of Industry and Trade.
AmCham will continue to work on lowering barriers to trade and creating a high-standard, transparent, and stable business environment in Vietnam.
Vietnam has surpassed China to become the major manufacturer of Nike sports shoes.
Vietnam is seeking further approval of the EU-Vietnam Investment Protection Agreement by member states of the EU, as the deal will protect the benefits of investors of both sides when performing in their respective territories.
With a vibrant economic climate, Vietnam remains a strong candidate for investment from the Association of Southeast Asian Nations (ASEAN) and beyond, according to the Vietnam Briefing newswire.