The Ministry of Planning and Investment (MPI) has proposed a pilot investment support policy when applying the global minimum tax: either deducting from enterprises’ tax obligations, or paying directly with money from the state budget.

The Vietnamese business community is taking great strides on the path to bring Vietnamese-made products to the globe.

During the reviewed period, foreign investors pumped US$16.24 billion into the country, up 4.5 per cent year-on-year, the FIA said.

Vietnam attracted approximately 16.24 billion USD in foreign direct investment (FDI) from the beginning of this year to July 20, up 4.5% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.

Vietnam's real estate sector has emerged as a highly desirable destination for international investors, ranking second only to the manufacturing and processing industry, with over 1,100 projects amounting to $66.4 billion of foreign investment.

Vietnam has to date attracted 37,500 foreign direct investment (FDI) projects worth nearly 450 billion USD, including 1,100 projects in real estate with a total capital of 66.4 billion USD, heard an international workshop in Hanoi on July 13.

Intel Corporation will continue to invest in Vietnam, Kim Huat Ooi, Vice President in Manufacturing, Supply Chain and Operations, and General Manager of Intel Products Vietnam told Tuoi Tre (Youth) Newspaper.

German businesses in Vietnam are more confident about growth and have positive expectations about the country’s economic growth than they did in autumn 2022, according to a biannual survey.

Despite instability in the banking system and the constant periodic raising of interest rates, Vietnam still emerged with an impressive GDP growth rate in 2022 and a positive forecast for 2023.

More than 25,000 foreign-invested enterprises (FIEs) exist in Vietnam, compared to nearly 800,000 local firms. But the FDI companies are the main players in most fields.

The northeastern province of Quang Ninh recently approved two Foxconn projects totalling more than 246 million USD in investment.

Vietnam has become a base for large foreign companies. Industrial real estate is believed to be a profitable business with great opportunities for development.

“Our final goal is to help Vietnam’s products to be present in the US and Canadian markets and to help Vietnamese enterprises become global companies,” said Ann Huynh, a businesswoman who grew up in Vietnam but later achieved fame in the US.

Streamlining FDI approval process is a crucial step in driving the development of the Mekong Delta, a vital economic region in southern Vietnam with untapped potential. However, what is impeding FDI inflows into the region?

Large Korean corporations are still looking to Vietnam and consider the country the number one investment destination, said Hoang.

Vietnam had attracted a total of 13.43 billion USD in foreign direct investment (FDI) from the beginning of this year to June 20, down 4.3% year-on-year, according to the General Statistics Office.

The government of Haiphong City has recently approved a list of 137 projects to call for foreign investment in the 2023-2025 period.

The flows of foreign direct investment (FDI) into Vietnam are forecast to increase in the second half of the year as the downturn has been improved in recent months, experts have said.

Vietnamese tax officials are looking at customised support mechanisms to alleviate the consequences of the global minimum tax (GMT) on foreign enterprises.