#FDI

Notably, disbursed FDI reached an estimated 9.75 billion USD in the January–May period, up 9.6% year-on-year and also the highest five-month figure recorded in the past five years.

He stressed that domestic firms must proactively improve corporate governance, technological capabilities and workforce quality in order to participate more deeply in global supply chains. “Vietnamese enterprises cannot enter the supply chains of multinational corporations unless they meet required standards,” Cuong said.

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

A Party official has urged the Vietnamese business community to improve corporate governance, technological capacity, production standards, workforce quality and international connectivity to strengthen ties with the FDI sector.

Of the total, 904 newly licensed projects registered combined capital of 10.23 billion USD, marking a 6.4% increase in the project number and a 2.4-fold rise in capital compared to the same period last year.

The goal of 11 billion USD in FDI this year comes amid rising registered capital and the emergence of billion-USD projects that are injecting fresh momentum into the investment landscape.

The Pacific Asia Travel Association (PATA) has hailed Vietnam’s latest visa policy as it has helped to facilitate international arrivals and attract further foreign direct investment (FDI) to the country.

Vietnam racked up a trade surplus of US$15.23 billion during the initial seven months of the year compared to US$1.34 billion recorded in the same period from last year, according to information given by the General Statistics Office (GSO).

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

Despite an overall export decline due to the shortage of orders, foreign direct invested (FDI) businesses still posted more than US$14 billion in trade surplus in the first four months, further affirming their role as the main growth driver of the economy.

The southern province of Binh Duong as of the end of 2022 had attracted more than 4,082 foreign direct investment (FDI) projects worth nearly 40 billion USD of registered funds, ranking it among the top two provinces in the country in FDI attraction, just after Ho Chi Minh City.

PSNews - According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, the foreign investment inflows into Vietnam will likely reach US$36-38 billion in 2023.

Vietnam’s total export turnover during the past 10 months of the year saw a surge of roughly 169% to reach US$30.27 billion on-year, according to the latest data released on October 29 by the General Statistics Office.

Many large firms have shown their interest in Vietnam, and the country is looking at its chances to welcome large-scale foreign direct investment (FDI) inflows.

The nation recorded the highest level of disbursed foreign direct investment (FDI) over the past eight months compared to the same period over the last five years, as well as seeing a growing number of newly-established enterprises and those returning to operation.

Foreign investors have poured a total of US$15.41 billion into the country during the past seven months of the year, equivalent to 92.9% compared to the same period from last year, according to details given by the Ministry of Planning and Investment.

PSNews - Recently, the Finance Ministry in collaboration with the Asia Development Bank and international financial and banking organizations held a workshop on the sovereign credit rating improvement project by 2030 in Quang Ninh.

PSNews - Vietnam attracted over 10.8 billion USD of foreign direct investment (FDI) in the first four months of this year, equivalent to 88 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment.

In the preview of an upcoming book titled “Time Traveling Economist”, author Charlie Robertson, the global chief economist of Renaissance Capital, has explained why Vietnam escaped from poverty to become a middle-income country and move towards the prosperity enjoyed by developed markets.

Experts from the UK-based audit service supplier PricewaterhouseCoopers (PwC) anticipate that Vietnamese GDP will return to a growth rate of between 6% and 6.5%, largely due to the strong return of foreign direct investment (FDI) flows into the local market.