The disbursement of foreign direct investment (FDI) this year reached last year’s figures of US$11 billion despite challenges caused by tough economic conditions, the Foreign Investment Agency (FIA) reported yesterday. In 2011, the country attracted $14.7 billion in FDI, equal to 74 per cent of 2010. Over $11.5 billion came from 1,091 newly-licensed projects while [...]
Foreign direct investment in Vietnam is painting a black and white picture. Foreign-invested projects disburse an estimated $11 billion in 2011, the same to last year’s level, according to a Ministry of Planning and Investment (MPI) report released last week. Foreign investors fork out around $8 billion to Vietnam with the rest coming from Vietnamese [...]
Foreign Direct Investment (FDI) in Hanoi is estimated to have surged by 78.7% from 2010 to $1.5 billion in 2011, the local news provider Gafin reported. Hanoi has attracted a total of 283 new projects with a total registered capital of $957 million, doubled from that of 2010 and 61 additional capital projects worth $543.3 [...]
The new policy on attracting foreign direct investment (FDI) will be set up based on four main principles. The FDI projects must have high quality and efficiency. They must aim to the sustainable development on the basis of the low-carbon economy. Especially, foreign investors have to make commitments on technology transfer and help train high [...]
Local authorities have been rushing to attract foreign direct investment FDI by offering high investment incentives to investors. However, experts have pointed out that tax incentives are not the only thing that can be used to attract and retain investors. In June 2011, the government released a dispatch instructing the Bac Ninh provincial authorities to [...]
There have been total around 100 Vietnamese projects amounting to the registered capital of $2.1 billion in Cambodia so far, the Saigon Economic Times Online posted, citing report of Foreign Investment Department under Ministry of Planning and Investment. In 2011 alone, total committed capital of Vietnamese companies in Cambodia will have reached over $1 billion, [...]
Germany has signed on the dotted line to boost its development cooperation with Vietnam over the next two years. Last week’s round of development cooperation talks between the two nations ended successfully with Germany vowing to hand over €288.2 million ($374.6 million) in official development assistance (ODA) to Vietnam. The funds will be used to [...]
The Thai investor has to show that it has advanced and environment friendly technology. Two Thai investors’ oil refinery and thermoelectricity plant investment plans in central Binh Dinh province have stalled due to environment pollution concerns. Man Ngoc Ly, director of Binh Dinh Economic Zone Management Authority, said the local authority was worried that the [...]
An official of the Vietnamese Ministry of Planning and Investment (MoPI) on December 12 confirmed that Japan’s investment capital is in accordance with Vietnam’s development orientation. Speaking at the Vietnam Investment Seminar in Japan’s Tokyo capital, Mr. Do Nhat Hoang, head of the Foreign Investment Department under the MoPI, said more than 86% of Japan’s [...]
Vietnam has a high volume of registered foreign direct investment (FDI) capital but the disbursement pace remains weak due to the country’s low capital absorbing capacity. This is an irremediable problem of the Vietnamese economy because of two major reasons, experts said. The first reason is that foreign invested enterprises (FIEs) registered to occupy their [...]
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