Foreign direct investment picks up nearly 41 percent
Total foreign direct investment (FDI) in Vietnam reached 11 billion USD from the outset of the year, a year-on-year surge of nearly 41 percent, said the Foreign Investment Agency.
An assemly line of Samsung Electronics Vietnam in northern Bac Ninh Province (Photo:VNA)
Hanoi (VNA) – Total foreign direct investment (FDI) in Vietnam reached11 billion USD from the outset of the year, a year-on-year surge of nearly 41percent, said the Foreign Investment Agency under the Ministry of Planning andInvestment (MPI).
More than 39,580 enterprises were set up in the first five months of the yearwith total registered capital of nearly 370 trillion VND (16.3 billion USD), up14 percent in number of newly-established businesses and 48.9 percent incapital year-on-year.
The MPI said that the business climate and competitive and business developmenthad improved.
Nearly 5 billion USD in FDI capital was disbursed in the period, 3.2 percenthigher than the same time last year. The Republic of Korea ranked first incapital disbursement, followed by Japan and Singapore.
The rapid increase of FDI in Vietnam was spurred by several large-scaleprojects approved in March. Notably, Samsung Display project got expansionapproval in Bac Ninh province with additional investment of 2.5 billion USD.This pushed FDI figures to 7.71 billion USD in the first quarter, double that ofthe first two months.
Other big projects getting cash included Taiwan Polytex Far Eastern (Vietnam)Company in Binh Duong province (485.8 million USD), Coca-Cola Vietnam in Hanoi(319.8 million additional capital), Vietnam-Singapore Industrial Park III(284.75 million USD), Tole Panel plant in Binh Phuoc province (269.5 millionUSD) and Kolon Industries Inc (220 million USD) in Binh Duong province.-VNA
The turnover of foreign-invested firms continues to dominate Vietnamese exports despite a decline seen in the first half of April, latest statistics show.
The foreign direct investment (FDI) of the Republic of Korea (RoK) hit 35.2 billion USD in 2016, the highest figure ever and also a jump from 23.1 billion USD recorded in 2007, according to a report released on April 24 by the Industrial Bank of Korea (IBK).
Foreign investors have poured 10.95 billion USD into new and operational FDI projects and to buy stakes in local companies in the first four months of 2017, up 40.5 percent year on year.
The southern province of Dong Nai has attracted nearly 483 million USD in foreign direct investment (FDI) so far this year, funding 26 new and 38 existing projects.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
An assemly line of Samsung Electronics Vietnam in northern Bac Ninh Province (Photo:VNA) 
