A view of HCM City (Photo: VNA) HCM City – Ho Chi Minh City has drawn 497.5 million USD of foreign direct investment (FDI) in the first three months of this year, up 22.4 per cent year on year, according to the city’s Statistics Office. The office reported that in the first quarter of this year, the city issued new investment licences to 216 projects worth 133.2 million USD, a rise of 30 per cent over the same period last year, mostly in construction sector (53.7 million USD). Singapore remained the leading investor in the city with 47 projects with a total capital of 86.7 million USD, accounting for 65.4 per cent of the total FDI the city attracted in the period. Hong Kong (China) came second with 15 projects worth 9.5 million USD, accounting for 7.1 per cent, and Japan with 19 projects worth 9.0 million USD. At the same time, investors also injected additional 87.1 million USD into 37 underway projects. Of the total, 35.5 million USD, or 40.8 per cent, came from the … [Read more...] about HCM City sees over 22 per cent rise in FDI inflows in Q1
Fdi inflows
Global minimum tax should not impact investors’ benefits: Conference
At the conference (Photo: VNA) Hanoi (VNS/VNA) - Vietnam needs to develop appropriate policies to adapt to the global minimum tax and remain an attractive FDI destination , heard a seminar in Ho Chi Minh City on March 29. Dr Tran Du Lich told the seminar, titled "Global Minimum Corporate Tax - Prospects and Challenges in attracting FDI in HCM City", that the global minimum corporate tax rate of 15%, which is set to be applied next year in Vietnam , is forecast to have a significant impact on Vietnam in whose economy FDI plays a significant role. The tax applies to multi-national corporations with revenues of at least 750 million euros (870 million USD). When a company invests in a foreign country but pays corporate income tax of less than 15% in that country, it will have to pay the difference in the country where it is headquartered. As of today, 141 countries and territories have signed up to implement the tax. “It is estimated that 1,015 FDI companies in … [Read more...] about Global minimum tax should not impact investors’ benefits: Conference