Hanoi (VNA) – Japan is expected tomake strong investment in Vietnam in 2017, according to Cong Thuong (Industry& Trade) newspaper.
Vietnam has so far attracted more than 22,000foreign direct investment (FDI) projects worth about 300 billion USD from 116countries and territories.
Japanese investors account for 3,300 of thetotal projects with a total registered capital of nearly 42 billion USD, morethan 14 percent of total FDI in Vietnam.
According to the Ministry of Planning andInvestment, 1,600 Japanese firms are operating in 52 out of the 63 cities andprovinces in Vietnam.
Japan is currently the biggest officialdevelopment assistance supplier of Vietnam.
Two-way trade has recorded annual average growthof 13.9 percent in recent years, which is expected to hit 60 billion USD by2020.
At the end of January 2017, a delegation of 70Japanese businesses explored the investment environment in Vietnam.
Chairman of the Japan Chamber of Commerce andIndustry Akio Mimura, head of the delegation, said Vietnam was an attractivedestination.
Japan will boost investment in the SoutheastAsian country in infrastructure, agriculture, industry and manufacturing spareparts, he added.
A survey conducted by Japan’s Asian NikkeiReview in 2016 named Vietnam as the first choice for Japanese investors inASEAN, with up to 53 percent of surveyed Japanese businesses planning to investin Vietnam.
During his official visit to Vietnam in January2017, Japanese Prime Minister Shinzo Abe agreed with Vietnamese counterpartNguyen Xuan Phuc to expand trade and investment ties.
Vietnam drew over 175 FDI projects capitalised at 1.24 billion USD inJanuary 2017, year-on-year respective increases of 37.8 percent and 23 percent.
Total newly-registered and increased capitalreached 1.4 billion USD in the first month of 2017, up 6.6 percent against thesame period last year. FDI disbursementwas estimated at 850 million USD, a yearly rise of 6.3 percent.-VNA
Prime Minister Nguyen Xuan Phuc has reaffirmed Vietnam’s consistent policy of attaching importance to developing relations with Japan and suggested the two sides enhance political trust.
The Vietnamese Consulate General in Osaka introduced the economic development and investment environment of Vietnam to Japanese investors during a conference held in the Japanese city on December 8.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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.
Illustrative image (Source: VNA)
