Vietnam sees improvements in FDI attraction: investor
Vietnam’s foreign direct investment (FDI) attraction policy has been improved significantly as foreign investors are now allowed to pour capital into almost areas, a businessperson has said.
Washington D.C. (VNA) – Vietnam’s foreigndirect investment (FDI) attraction policy has been improved significantly asforeign investors are now allowed to pour capital into almost areas, a businesspersonhas said.
Ann Huynh, Chairwoman of 3SI Inc investment company basedin Virginia, the US, told the Vietnam News Agency (VNA) that Vietnam’sinfrastructure has been upgraded and administrative procedures have been streamlined.
North American investors are interested in emergingmarkets, especially Vietnam, in suchareas as high-tech and electric vehicle manufacturing, she said, noting thatthey want to learn about the country’s incentives, orientations and infrastructure.
Regarding cooperation between Vietnam and the US,Huynh said it has been expanded and growing fruitfully, from economy,investment and trade to national defence and security, agriculture, tourism,education and war consequence settlement.
She, however, pointed to obstacles to foreigninvestors regarding policies and investment licensing, noting her hope thatadministrative procedures will be further reformed to facilitate operations offoreign enterprises.
Illustrative image (Source: VNA)
So far this year, FDI channeled into Vietnam neared8.9 billion USD, with new capital surging after a slight decrease in the firstthree months.
According to the Ministry of Planning and Investment’sForeign Investment Agency (FIA), there were 750 new projects granted investmentlicences worth over 4.1 billion USD, up 65.2% and 11.1% annually, respectively.
A total of 386 projects had their capital added for atotal of 1.66 billion USD, a 19.5% increase in quantity and reduction of 68.6%in value against the same period last year. The growth, despite the associateddecrease, reflected investors’ confidence in Vietnam’s business climate and decisionsto expand their existing projects.
Also in the four months, foreign investors did 1,044transactions of capital contribution and share purchases, with theircontributed capital exceeding 3.1 billion USD, up 70.4% year-on-year. Theyinvested in 18 economic sectors, mostly in processing and manufacturing withover 5.1 billion USD or 57.8% of their total investment.
The number of countries and territories investing inVietnam in the period amounted to 77. Singapore took the lead by pouring closeto 2.2 billion USD into the market, followed by Japan with nearly 2 billion USDand China with 752 million USD./.
So far this year, foreign direct investment (FDI) channeled into Vietnam neared 8.9 billion USD, with new capital surging after a slight decrease in the first three months.
Ho Chi Minh City has attracted 979.65 million USD of foreign direct investment (FDI) so far this year, down 23.45% year on year, according to the municipal People’s Committee.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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.
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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.
Illustrative image (Source: VNA) 
Illustrative image (Source: VNA) 
