Fdi capital

At a meeting with the leader of the southern province of Binh Duong last week, chairman of Sharp Corporation Yoshihiro Hashimoto revealed an expansion plan in the locality. Investors already with factories in the country are demonstrating that they trust the business climate here, Photo: Le Toan Sharp Group is exploring opportunities in the southern provinces of Vietnam, including Binh Duong, to move the supply chain away from the Chinese market, promoting market diversification and distribution, according to Hashimoto. “In the coming time, Sharp will continue to expand and build one more large-scale factory, oriented to develop high-tech and advanced products,” he said. Binh Duong is assessed as a locality with an attractive investment environment, in line with Sharp’s criteria. The group has two production factories located in Vietnam, at Singapore Industrial Park (VSIP) I and an extended VSIP II. Sharp hopes to be supported in construction land, labour, and … [Read more...] about New foreign capital stutters despite overall deal boost

The Vietnam Association of Foreign Invested Enterprises (VAFIE) has begun working on the annual 2022 foreign direct investment (FDI) report. VAFIE Chairman Nguyen Mai said the first report in 2021 was highly evaluated, and now VAFIE is compiling the 2022 version, which will focus on green growth and economic structure. This year’s report is set to consist of three chapters: the global and ASEAN situation, foreign investment in Vietnam, and orientations and solutions. The annual report aims to provide an objective and scientific assessment of foreign investment in Vietnam and the country’s overseas investment, in comparison with annual, medium-term, and long-term orientations and targets. This gives an all-round view of the FDI sector’s role and impact on Vietnam’s economy and society. Mai noted it is a source of reference for the National Assembly, the Government, the Ministry of Planning and Investment, and other ministries and sectors. It is also made use of by … [Read more...] about 2022 FDI report to focus on green growth, economic structure

Workers manufacture mechanical gear at Japanese-invested RK Engineering Co in Dinh Vu Industrial Zone in the northern port city of Hai Phong. — VNA/VNS Photo Danh Lam The number of enterprises and employees working in the non-State sector and FDI increased rapidly, whereas that of the State sector fell markedly. This is one of the contents of a survey conducted by the General Statistics Office, which has just been announced in the Publication of the 2021 Economic Census. Accordingly, by type of enterprise, the non-State enterprise sector concentrated the most enterprises and employees as of December 31, 2020, with 660,100 enterprises, accounting for 96.4 per cent of the total number of enterprises nationwide. The sector attracted 8.6 million employees, accounting for 58.6 per cent of the total number of employees. The FDI enterprise sector has the fastest growth rate in the number of enterprises among the three industries. It accounts for an increasingly large share of the … [Read more...] about Enterprises, workers in non-State sector and FDI rise rapidly

Workers manufacture mechanical gear at Japanese-invested RK Engineering Co in Dinh Vu Industrial Zone in the northern port city of Hai Phong (Photo: VNA) Hanoi (VNS/VNA) - The number of enterprises and employees working in the non-State and FDI sectors increased rapidly, whereas that of the State sector fell markedly. This is one of the contents of a survey conducted by the General Statistics Office, which has just been announced in the Publication of the 2021 Economic Census. Accordingly, by type of enterprise, the non-State enterprise sector concentrated the most enterprises and employees as of December 31, 2020, with 660,100 enterprises, accounting for 96.4% of the total number of enterprises nationwide. The sector attracted 8.6 million employees, accounting for 58.6% of the total number of employees. The FDI enterprise sector has the fastest growth rate in the number of enterprises among the three industries. It accounts for an increasingly large share of the … [Read more...] about Enterprises, workers in non-State, FDI sectors rise rapidly

Kuala Lumpur capital of Malaysia (Illustrative photo: themalaysianreserve) Kuala Lumpur – Malaysia recorded 836.2 billion RM (over 188.1 billion USD) in foreign direct investment (FDI) at the end of the second quarter, up 24.1 billion RM from Q1, according to the Department of Statistics Malaysia. The manufacturing sector remained the largest recipient with a value of 360 billion RM or 43.1%, followed by financial activities 189.8 billion RM (22.7%) and wholesale and retail trade 53 billion RM (6.3%). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the FDI sources were largely from Asia, which amounted to 431.1 billion RM or 51.6%, mainly from Singapore and Hong Kong (China), followed by Europe and the Americas. Singapore was still the biggest source of FDI, with an accumulated 174.1 billion RM (20.8%), followed by Hong Kong with 91.1 billion RM (10.9%), the United States 90 billion RM (10.8%) and Japan 84.2 billion RM (10.3%). Meanwhile, Malaysia’s direct … [Read more...] about FDI flows into Malaysia top 188 billion USD in Q2

VAFIE Chairman Nguyen Mai said the first report in 2021 was highly evaluated, and now VAFIE is compiling the 2022 version, which will focus on green growth and economic structure. This year’s report is set to consist of three chapters: the global and ASEAN situation, foreign investment in Vietnam, and orientations and solutions. The annual report aims to provide an objective and scientific assessment of foreign investment in Vietnam and the country’s overseas investment, in comparison with annual, medium-term, and long-term orientations and targets. This gives an all-round view of the FDI sector’s role and impact on Vietnam’s economy and society. Mai noted it is a source of reference for the National Assembly, the Government, the Ministry of Planning and Investment, and other ministries and sectors. It is also made use of by administrations of provinces and cities, management boards of industrial parks and economic zones, business associations, as well as FDI and domestic firms … [Read more...] about FDI report 2022 to focus on green growth, economic structure

The Federation of Trade Unions of Seoul and the Hanoi Confederation of Labor are set to strengthen cooperation in the coming time. Hanoi has asked the Federation of Trade Unions of Seoul to support and strengthen exchanges with South Korean businesses on protecting the rights of Vietnamese laborers as well as accompanying the businesses' operation through trade unions. Delegates between Seoul and Hanoi attend the meeting. Photo: The Hanoi Times Speaking at the meeting with the high-ranking delegation of the Federation of Trade Unions of Seoul (South Korea) on August 5, Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong gave remarks when emphasizing the important role of trade unions in foreign-invested enterprises. The Deputy Secretary of the City Party Committee welcomed the Seoul delegation’s visit to Hanoi on the 30th anniversary of Vietnam - South Korea diplomatic relations. He affirmed the deepening and widening development in all … [Read more...] about Hanoi, Seoul to promote trade unions’ cooperation

A production line at Toyota in the northern province of Vinh Phuc. (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese enterprises currently have limited participation in the global supply chain , and are not deeply involved in the value chain of multinational corporations in Vietnam. Pham Tuan Anh, Deputy Director of the Industry Agency at the Ministry of Industry and Trade , said that Vietnam currently had about 5,000 processing and manufacturing enterprises engaged in providing spare parts for the automotive and mechanical industries. In which 70% of enterprises supply domestic manufacturers, 8% supply exporters and 17% are involved in providing both. Only about 30% of supporting industry enterprises have joined the global supply chain and value chain. This linkage is loose for many reasons, the main one being the limited internal resources of the industry, said Anh. Do Thi Thuy Huong, Vice President of the Vietnam Association for Supporting Industries, said that … [Read more...] about Vietnamese enterprises limited in global supply chain

Vice Chairman of the municipal People’s Committee Le Anh Quan speaks at the meeting. (Photo: VIR) Hai Phong (VNA) – Hai Phong administration remains committed to creating a favourable and fair environment for foreign investors, including those from the Republic of Korea , an official of the northern port city said on August 16. Vice Chairman of the municipal People’s Committee Le Anh Quan made the pledge at a meeting with domestic and Korean businesses held by the municipal Department of Planning and Investment. He noted that Hai Phong has been among the top destinations for foreign direct investment for several recent years. The city by far is home to 827 valid FDI projects with total registered capital of nearly 24 billion USD. The RoK is a strategic investment partner of Hai Phong, maintaining its position as the top foreign investor in the city for years. The LG group alone has poured 7.24 billion USD in a complex of factories at Trang Due Industrial Park. … [Read more...] about Hai Phong reiterates commitment to fair investment, business environment

Vietnam matters to the US-ASEAN relations for its functions as a leading role, bridge, and active agent in promoting the relationship. Vietnam, as a member of the Association of Southeast Asian Nations (ASEAN), has contributed to shaping policy in the relations with the US and in the US-ASEAN Strategic Partnership, Prof. Carl Thayer has said. In the US-ASEAN relations, Vietnam has played a leading role, a bridge, and an active agent in promoting the development of the relationship, said Southeast Asia regional and Vietnam country specialist who is Emeritus Professor of the University of New South Wales (UNSW), Canberra. Vietnam’s roles have evolved over time depending on Vietnam’s status in ASEAN, which is demonstrated through the ASEAN Chair in 2020 with its strong role in combating Covid-19 regionally; Country Coordinator for dialogue relations (9 more years until Vietnam become coordinator of relations with the US); ASEAN country coordinator for dialogue relations with … [Read more...] about [Vietnam-US relations] Vietnam helps shape US-ASEAN Strategic Partnership: Carl Thayer