With an additional $10 billion for projects licensed and agreed in-principle in a single day, the foreign investment inflows into Vietnam in the first 10 months of 2018 are expected to hit a 10-year record, signalling bright prospects ahead. Interest in renewables drives foreign investment surge, photo source: shutterstock At last week’s conference on reviewing 30 years of foreign direct investment (FDI) attraction in Vietnam, the Ministry of Planning and Investment, cities and provinces announced memoranda of understanding on investment co-operation, investment certificates, and investment agreements for 24 foreign-invested projects with the total registered investment capital of more than $10 billion. The projects, with the majority focusing on renewable energy, making up over 50 per cent of the sum, reflect the country’s future strategy to promote renewable and environmentally friendly energy. The highlighted projects include the $4 billion liquefied natural … [Read more...] about Interest in renewables drives foreign investment surge
Foreign investment definition
Dong Nai Department of Taxation Holds Dialogue with Foreign-invested Enterprises (FDI)
On April 14 morning, at the Provincial Square, Dong Nai Department of Taxation held the conference to talk with FDI enterprises doing business across the province in order to hear their difficulties related to tax policies, their opinions on work attitude of taxation officials and employees in the spirit of "Accompanying with Enterprises." Questions raised by the firms at the conference focused on polices on types of tax, such as personal income tax, value added tax, corporate income tax, contractor and taxation administrative procedures. … [Read more...] about Dong Nai Department of Taxation Holds Dialogue with Foreign-invested Enterprises (FDI)
Foreign investment in China declines in July
Foreign direct investment in China fell 8.7 percent in July, the government said on Thursday, as the economy continues to feel the pinch of slowing global growth and the European debt crisis. Overseas companies invested US$7.58 billion in factories and other projects in China last month, the commerce ministry announced. For the first seven months of the year, FDI fell 3.6 percent on year to $66.67 billion. … [Read more...] about Foreign investment in China declines in July
How Vietnam should ride the new foreign investment wave that comes with TPP
A man works at a foreign-owned company which produces car and motorcycle parts in Vinh Yen, outside Hanoi. Photo: Reuters Even as the debate surrounding the pros and cons of the Trans-Pacific Partnership (TPP) continues, there appears to be a consensus that the massive trade pact will bring strong inflows of foreign investment into Vietnam. In its latest forecast about the TPP's impacts on Vietnam, the Hanoi-based Vietnam Institute for Economic and Policy Research said the country will see the biggest increase in foreign direct investment (FDI) thanks to the agreement, compared to the other 10 member economies. Nguyen Mai, chairman of the Vietnam Association of Foreign Investment Enterprises, said he strongly believes that FDI will surge, possibly with the strongest inflows into the sectors of manufacturing, textile, electronics, and software outsourcing. Mai said of all the TPP participants, the US seems to be the most eager to boost its investment in the country, considering that … [Read more...] about How Vietnam should ride the new foreign investment wave that comes with TPP
Mekong Delta plans strategy to lure local, foreign investments
Mekong Delta plans strategy to lure local, foreign investments (21-08-2006) Local officials and businessmen spoke with Thoi bao Kinh te Viet Nam (Vietnam Economic Times) about attracting investment to the Cuu Long (Mekong) Delta for socio-economic development. Huynh Phong Tranh, Southwest Region Steering Committee Deputy Chief The Mekong Delta with its abundant potential and resources is the country's biggest production zone in terms of agricultural and aquacultural products. The delta represents about 18 per cent of gross domestic product (GDP), 90 per cent of rice exports and nearly 70 per cent of aquacultural products' export value. Its GDP in the last five years increased by 11.5 per cent per year. With a large and young population of 17 million, accounting for 21 per cent of the national population, the Mekong Delta is not only a huge consumer market but also abundant in labour resources. To bring its potential and strengths into full play, the delta needs to set up a line of … [Read more...] about Mekong Delta plans strategy to lure local, foreign investments