A garment-textile factory in Dong Nai province (Photo VNA)Dong Nai (VNA) - The southernprovince of Dong Nai attracted over 1.3 billion USD in foreign directinvestment (FDI) this year, 300 million USD higher than the set target.According to the provincial industrialzones’ management board, it has attracted 1,733 FDI projects, so far, withtotal investment of 31.3 billion USD. Investors from 45 countries andterritories have invested in the locality.The Republic of Korea is the largest foreigninvestor in the province, following by Taiwan (China) and Japan. The board saiddespite laying down stricter conditions for investment projects, FDI capitalthat poured into the province still increased this year. In particular,disbursement reached 1.1 billion USD, equivalent to 88 percent of the totalregistered capital.In recent years, Dong Nai has givenpriority to FDI projects using hi-tech, skilled labourers and environment-friendly.Mai Van Nhon, deputy head of the board,said investors believed … [Read more...] about Dong Nai attracts 1.3 billion USD in FDI in 2017
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FDI inflow predicted to be lower than last year
FDI inflow predicted to be lower than last year Le Hoang By Le Hoang - The Saigon Times Daily Part of Samsung’s plant in the northern province of Bac Ninh is seen in this file photo - Photo: Hung Le HCMC – The fact that Vietnam only attracted US$11.18 billion in foreign direct investment (FDI) in the January-September period, a year-on-year fall of 25.5%, has prompted predictions about a lower FDI inflow than last year. As of now, Samsung CE Complex (SECC) in HCMC’s Saigon Hi-Tech Park (SHTP) has become the most capital-intensive project approved in the country. The US$1.4-billion project is hoped to boost the FDI flow. Samsung’s project is expected to fuel the city’s economic development as it is the second billion-dollar project at SHTP after a US$1-billion project of Intel licensed in 2006. However, both SECC and a US$140-million integrated business park Onehub Saigon of Ascendas Saigon Bund Co. Ltd. in SHTP have yet to push up the FDI … [Read more...] about FDI inflow predicted to be lower than last year
Vietnam not to attract FDI projects by any means: Minister
Vietnam will continue offering incentives for foreign direct investment (FDI) projects, but will tighten control over the selection process, so as not to try to attract the investment flow by any means. According to the minister, FDI currently accounts for one fourth of the country's total social investment. Besides, FDI enterprises are among major factors increasing the nation's exports. However, the massive withdrawal of FDI projects over the past two years has raised questions about the wisdom of the use of FDI capital as well as Vietnam's competitiveness in drawing from these capital source. "Two decades ago, Vietnam remained a golden land for foreign investors for its abundant natural resources and cheap labour. The country even offered to pay for site clearance. However, these advantages have gradually lost their attraction. Now we have to scrutinise FDI projects and choose high-tech ones of large value to mitigate environmental pollution. Meanwhile, infrastructure in Vietnam … [Read more...] about Vietnam not to attract FDI projects by any means: Minister
Dong Nai attracts $1.3 billion FDI in 2017
According to the provincial industrial zones’ management board, it has attracted 1,733 FDI projects, so far, with total investment of $31.3 billion. Investors from 45 countries and territories have invested in the locality.South Korea is the largest foreign investor in the province, following by Taiwan (China) and Japan.The board said despite laying down stricter conditions for investment projects, FDI capital that poured into the province still increased this year. In particular, disbursement reached $1.1 billion, equivalent to 88 per cent of the total registered capital.In recent years, Dong Nai has given priority to FDI projects using hi-tech, skilled labourers and are environment-friendly.Mai Van Nhon, deputy head of the board, said investors believed in the province’s support for businesses.The provincial Department of Industry and Trade also said the province’s export turnover this year reached $17 billion, posting 11.8 per cent year-on-year increase. It … [Read more...] about Dong Nai attracts $1.3 billion FDI in 2017
Vietnam looks for more FDI into pharmacy sector
VietNamNet Bridge - The Ministry of Health (MOH) estimates that Vietnam has to remit $2 billion abroad to import foreign drugs but could retain more money in-country if it could attract FDI (foreign direct investment) into the pharmaceutical industry. Vietnam spends $2 billion a year on drug imports Vietnam is the fastest-growing medicine market in Asia, ranked 17th out of 175 countries in the world with a CAGR (compound annual growth rate) of 14.1 percent in the 2010-2015 period. With 160 factories meeting WHO-GMP standards, the domestic drug output just can meet 45 percent of the demand. Therefore, experts believe that the drug market would witness a growth rate of no less than 17 percent per annum in 2017 and the next few years, and a CAGR of 11.8 percent in 2016-2020. Experts believe that the drug market would witness a growth rate of no less than 17 percent per annum in 2017 and the next few years, and a CAGR of 11.8 percent in 2016-2020. By the end of … [Read more...] about Vietnam looks for more FDI into pharmacy sector