(VEN) - Attracting foreign investment in Vietnam in recent years has declined compared to previous years. According to specialists, this situation will be improved in 2013 if Vietnam pursues and promotes its advantages. According to Faculty of Planning and Development of the National Economics University Dean, Associate Professor, Dr. Le Huy Duc, Foreign Direct Investment (FDI) in the world tends to increase to US$1.8 trillion in 2013, an increase of US$200 billion compared to 2012 and reach US$1.9 trillion in 2014. In particular, the East Asian and ASEAN countries are still attractive investment destinations. In 2013, policies to stimulate the growth of major countries' economy around the world begin to take effect and the economy of some countries is expected to recovery. Many countries in the world start looking for investment opportunities abroad to avoid the risk of concentrated investment in a particular country. Therefore, countries having a stable political regime, … [Read more...] about Promoting advantages to attract investment
Attract investment
Jobs generation through attracting investment in Tuy Phong district
BTO - In difficult economic times, the aim of solving jobs for local employees is regarded as a key task of Tuy Phong district. In order to create more employments for local laborers in the district, the district authorities have pushed the works of attracting investment towards industrialization and initially got some encouraging results in the past few years. Flourishing thanks to new factors Recently, the production activities of industry and small-scale industry in Tuy Phong district have occurred quite excitingly. Since the early this year, the locality has offered stable jobs for thousands of rural laborers by means of these production activities. For Phuong Dong Garment Joint Stock Company (belonging to Vietnam National Textile and Garment Group) alone, it was the first unit invested in Tuy Phong in late 2008 and officially put into operation in 2011 with the participation of more than 700 workers, mostly female. Most of employees working here come from farmers. They … [Read more...] about Jobs generation through attracting investment in Tuy Phong district
How to Attract Investment from Japan and Companies’ Concerns
The conference to promote Japan's investment into Dong Nai in late July drew a lot of Japanese companies' attention. Japanese investors highly appreciated Dong Nai's investment climate. They placed an emphasis on such comparative advantages as human resources, geographical features, and infrastructure but expressed many a concern. * Japan is ranked as the third biggest investor in terms of total investment projects in Dong Nai Dong Nai is one of the four regions all over the country to attract the biggest volume of foreign investment. … [Read more...] about How to Attract Investment from Japan and Companies’ Concerns
Attracting investment in key sectors
(VEN) - Despite facing global economic difficulties, Lam Dong Province has attracted investors in its strongest sectors, including tourism, hydropower and agriculture in order to contribute to the province's socioeconomic development. … [Read more...] about Attracting investment in key sectors
Part 2: The corollary of the race to attract investment
Experts believe that the registration of "virtual" investment projects in localities are the result of the "achievement disease" of local authorities, when localities try to attract as many projects as possible. Besides the mammoth projects in the real estate sector, multi-billion dollar projects have also been registered in other business fields such as tourism or steel. However, many of the projects, which use the huge land areas of hundreds of hectares, have not been implemented yet, even though the investors got the investment license 3-4 years ago. In many cases, the projects' investors cannot develop projects due to the financial capability problems. In other cases, the investors have left quietly without any notification. Ba Ria-Vung Tau province has become famous with a lot of big scale investment projects in the tourism sector. It has also become famous because the registered projects have not been going very slowly or have not kicked off, even though the investors got … [Read more...] about Part 2: The corollary of the race to attract investment