3 special economic zone in vietnam

Of these, 1,212 projects were granted investment licenses with a total registered capital of $7.4 billion. 436 projects that were licensed in previous years registered to adjust investments for additional capital of $3.5 billion. Especially, there were 3,528 times of capital contribution and purchase of shares of foreign investors with a total value of nearly $3 billion. Singapore was the country with the highest investment capital of nearly $4.4 billion among 58 countries and territories investing in Vietnam. Taiwan followed with $743 million, tailed by China with $695 million, Hong Kong with $500 million, South Korea with $447 million, and Japan with $221 million. It was recorded that the production and distribution of electricity, gas, steam, and air-conditioner received the highest newly-licensed foreign direct investment with the registered capital accounting for 53.8 percent of the total newly-registered capital. The industrial processing and manufacturing industry accounted … [Read more...] about Foreign capital keeps pouring heavily into Vietnam

– Vietnam’s countryside has got a facelift after the decade-long implementation of the new-style rural area building programme. But the next phase will face more difficulties as communes yet to earn the status need exclusive support policies to fulfill the new-style rural goals.countryside has seen considerable socio-economic progress with improved production organisation and living standard of the locals. With more transparent investment mechanisms, resources for new-style rural building have been mobilised and used efficiently. … [Read more...] about Special policies vital for remote communes in new-style rural building

According to Nguyen Dinh Cung, former Director of the Central Institute for Economic Management, facilitating the private economic sector’s development remains an inevitable trend for the national economy. The number of newly established enterprises has been steadily annually, while the sector in general has been able to successfully mobilise huge amounts of capital for production and business, developing into an important part of the national economy in the process. … [Read more...] about Vietnam strives to effectively attract private investment

For his part, Ambassador Nam congratulated Japan on its success in containing the spread of COVID-19, affirming that this is an important premise for the Japanese Government to decide to life the state of emergency nationwide earlier than the schedule to serve its socio-economic recovery. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 30

Vietnam is expected to see a new foreign direct investment (FDI) wave as more foreign companies plan to move investment into the country. The US-China trade has triggered the trend of shifting production lines from China to Southeast Asia and other markets, including Vietnam which was seen as a promising destination. Meanwhile, many countries are fighting against the Covid-19 pandemic while Vietnam has basically controlled the disease, while maintaining its economic growth momentum. Pegatron, Amazon and Home Depot have started recruiting and seeking to open new supply chains with Vietnam being among potential markets.Other US giants like Google and Microsoft have announced their plans to relocate their production facilities of new phones, personal computers and some other devices from China to Southeast Asia with factories in Vietnam and Thailand expected to be the beneficiaries, the Nikkei Asian Review reported.Microsoft is scheduled to start producing its Surface line, including … [Read more...] about More giant foreign firms plan to shift investment into Vietnam