The launch of the stock market has helped improve the structure of the local financial market and create a channel to mobilise long-term capital for development and investment, thus facilitating the industrialisation and modernisation of the country. Under the leadership of the Party, the government, the direct guidance of the Ministry of Finance (MoF), and the coordination of ministries, as well as support from the press, the local stock market apparatus has overcome many difficulties and challenges to secure the great achievements that we can be proud of today. First of all, we have created an institutional framework for the stock market which is suitable to the development level of Vietnam, which is progressively catching up with international standards and international and regional markets. Second, we have been able to build and further develop a legal framework ranging from decrees, circulars, regulations to procedures in line with the current state of the economy in order to … [Read more...] about Widening channels to promote stronger foreign investment inflows to Vietnam
Foreign investment
Long An moves to attract more foreign investment
Long Hau industrial zone in Can Giuoc district - a bright sport in FDI attraction in Long An (Source: VNA) Long An (VNA) – The southern province of Long An is taking action to increase the efficiency of FDI attraction as this form of investment plays an important role in the locality’s socio-economic development, said Chairman of the provincial People’s Committee Tran Van Can. According to Can, the province has stepped up investment promotion both inside and outside Vietnam, targeting big groups. It has also implemented administrative reform well, improved the business and investment climate, and increased its ranking on the provincial competitiveness index, especially in the fields of investment, land, taxation, customs, and labour. In addition, Long An has regularly organised dialogues with investors to help them deal with difficulties and speed up the implementation of projects, while at the same time working to build a convenient, open, and transparent … [Read more...] about Long An moves to attract more foreign investment
Legal complications remain for foreign investment in Vietnam infrastructure
Vietnam’s infrastructure has struggled to keep up with its robust economic and population growth. Rapid economic growth and urbanization are driving demand for roads, power, airports, ports, waste and water treatment, hospitals, and other public infrastructure for goods and services. Meanwhile, public funding is unable to meet these needs. The gap would have to be made up from other sources including private investment in the form of public-private partnerships (PPPs). To put it simply, the public sector has the ‘users’ (or customers) and land and can provide other incentives such as tax breaks. The private sector can bring in technology, capital and efficiency through experience. Other countries have successfully implemented PPPs. In Vietnam, a number of tools have been created to assist the government in its support for PPPs, aiming to create a much improved legal framework for PPP to revitalize investment in infrastructure projects. Legal issues update The … [Read more...] about Legal complications remain for foreign investment in Vietnam infrastructure
Vietnam may reach new foreign investment record in 2018
M&A deals stand behind most of the FDI capital to arrive in Vietnam in 2018 According to statistics published by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, generally, in the first eight months of 2018, foreign investors spent a total of $24.35 billion to register new and added capital as well as to contribute capital and purchase shares, which is a 4.2 per cent increase compared to the corresponding period of 2017. Notably, as of August 20, 2018, the country granted investment certificates to 1,918 new projects, with $13.48 billion of newly registered capital, up 0.2 per cent on-year, and 736 capital adjustments with $5.58 billion, equalling 87.2 per cent of the figure from last year. Meanwhile, 4,551 M&A deals were signed with the total investment capital of $5.28 billion, up 50.9 per cent compared to last year. As of August 20, 2018, 4,551 M&A deals were signed with the total investment capital of $5.28 billion, up 50.9 per … [Read more...] about Vietnam may reach new foreign investment record in 2018
Japan leads the way for foreign investment in Vietnam
According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, foreign investors registered a total US$24.35 billion for new and existing projects and to buy shares in Vietnam during the period, a year-on-year rise of 4.2%. Up to August 20, US$11.25 billion worth of foreign direct investment (FDI) capital had been disbursed. Foreign businesses from 97 countries and territories have poured investment into 17 fields across 59 provinces and cities nationwide. The processing and manufacturing sectors attracted the lion’s share of investment with US$10.72 billion, accounting for 44% of the total registered capital. They were trailed by real estate with US$5.9 billion and the wholesale and retail sector with US$1.87 billion. The FIA reported that Hanoi took the lead in FDI attraction over the past 8 months with a total registered capital of US$5.93 billion, followed by Ho Chi Minh City with US$4.42 billion and Ba Ria-Vung Tau with more than US$2.17 … [Read more...] about Japan leads the way for foreign investment in Vietnam