Fdi

In the first 10 days of the new year 2021, the southern province of Dong Nai attracted more than US$226 million in foreign direct investment (FDI), mostly from the Republic of Korea (RoK) and Japan. The Dong Nai Provincial People’s Committee on January 12 granted investment certificates to three new projects with a total registered capital of US$190 million, including US$100 million by Hansol Electronics Viet Nam Co., Ltd (RoK), specializing in assembling liquid-crystal display modules and electronic circuits, at Ho Nai Industrial Park in Trang Bom District, and US$60 million by Ojitex Viet Nam Co., Ltd (Japan), specializing manufacturing high-quality packaging, at Loc An-Binh Son Industrial Park in Long Thanh District. The remaining US$30 million is poured by Platel Vina Co., Ltd (RoK), specializing in producing plastic covers for electronic equipment and electric & electronic components, into Amata Industrial Park in Bien Hoa City. In 2021, Dong Nai targets to attract … [Read more...] about Dong Nai Province attracts US$226 million of FDI in first days of 2021

Hai Phong (VNA) – The northern port city of Hai Phong will make efforts to attract between 2.5 - 3 billion USD in foreign direct investment (FDI) in 2021, according to head of the management board of Hai Phong’s economic zones Le Trung Kien. Accordingly, the municipal authorities will focus on luring FDI to industrial and service projects using modern and environmentally friendly technologies. To that end, attention will be paid to promoting management and technical infrastructure development of industrial parks and clusters in the next five years. Adjustments will be made to the master plan for the construction of the Dinh Vu-Cat Hai Economic Zone, while more IPs will be established in accordance with the city’s action plan to attract investment to the three economic pillars of hi-tech industry, seaport-logistics, and tourism-commerce. Hai Phong will pilot the transformation of two operating industrial parks into eco-industrial parks, … [Read more...] about Hai Phong targets at least 2.5 billion USD in FDI in 2021

Meanwhile, the Ministry of Finance will continue to direct the General Department of Taxation and local Tax Departments in order to intensify the inspection and examination of FDI enterprises who show signs of transfer pricing in an attempt to avoid losses for the state budget revenue. VOV … [Read more...] about Tax evasion questions raised as 55% of FDI enterprises report losses

Adjustments will be made to the master plan for the construction of the Dinh Vu-Cat Hai Economic Zone, while more IPs will be established in accordance with the city’s hopes to attract investment to the three economic pillars; hi-tech industry, seaport-logistics, and tourism-commerce. … [Read more...] about Hai Phong  strives to lure up to $3 billion in FDI in 2021

Adjustments will be made to the master plan for the construction of the Đình Vũ-Cát Hải Economic Zone, while more IPs will be established in accordance with the city’s hopes to attract investment to the three economic pillars; hi-tech industry, seaport-logistics, and tourism-commerce.  … [Read more...] about Hải Phòng  strives to lure up to $3 billion in FDI in 2021