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While Vietnam’s foreign direct investment (FDI) approvals dropped by 22.5 percent in the first two months of this year, new FDI pledges in Ho Chi Minh surged 170.5 percent year-on-year, The Saigon Times reported.
Former UK Prime Minister Tony Blair has promised all possible help to Vietnam including introducing high-profile investors as strategic partners in the equitisation of Vietnamese State-owned enterprises (SOEs).
Forbes Magazine has named two Vietnamese female business leaders among the 50 most powerful businesswomen in Asia.
The Free Trade Agreement (FTA) between Vietnam and the Republic of Korea (RoK) will serve as a milestone to strengthen the two countries’ economic relations, expected to reach 70 billion USD in trade by 2020.
Total foreign direct investment (FDI) in Vietnam reached nearly 1.2 billion USD in the first two months of this year, equivalent to just 77.5 percent of that in the same period last year.
Viet Nam is keen on attracting more investment from Japanese small- and medium-sized enterprises to help develop the nation’s support industries, President Truong Tan Sang said
Authorities must make bigger strides this year in improving the country’s business environment, said Minister of Planning and Investment Bui Quang Vinh.
The building, operation and transfer project of a 51 kilometre modern highway in the Mekong Delta, the first of its kind in the region, was re-started last week after more than five years facing an impasse.
Saigon Hi-Tech Park (SHTP) granted investment certificates to two investors last week with the combined investment capital of nearly $26 million.
Do Nhat Hoang, director of the Ministry of Planning and Investment’s Foreign Investment Agency spoke to VIR about new points in the investment promotion strategy this year to improve the country’s foreign direct investment attraction.
Ho Chi Minh City commits to guaranteeing socio-political stability, strengthening the realization of signed Free Trade Agreements, hastening administrative reform, and creating an open investment environment to attract more foreign investment.
Foreign direct investment (FDI) in Vietnam is forecast to increase significantly this year, as many large FDI projects are expected to be issued licences in the next few months.