Investment to vietnam

Foreign investors poured nearly US$1.7 billion into Vietnam as of January 20. In the first month of 2023, newly-registered capital is estimated to have increased 3.1 times over the same period last year, showing that foreign investors still maintain confidence in Vietnam's investment environment. Hanoi ranks among the top localities in foreign direct investment (FDI) in 2022. Photo: Thang Long Industrial Park The Foreign Investment Agency under the Ministry of Planning and Investment reported that there were 801 newly-registered projects totaling $1.2 billion and 89 projects increasing capital with a combined amount of $306.3 million. In addition, 204 transactions of share purchases by foreign investors were worth $174 million, representing a year-on-year decline of 60.7%. Meanwhile, the disbursement of foreign investments dropped by 16.3% to $1.35 billion. The agency attributed the decrease in registered and disbursed FDI to the national holiday (the … [Read more...] about Foreign investors remain confident about Vietnam’s business environment

Deputy Minister of Foreign Affairs Ha Kim Ngoc (Photo: VNA) Hanoi (VNA) - After a year implementing the strategy on cultural diplomacy to 2030, issued by the Prime Minister in November 2021, Vietnam has achieved marked results in the field, helping promote its relations with other countries across all channels of the Party, Government, National Assembly, and people, affirmed Deputy Minister of Foreign Affairs Ha Kim Ngoc. In an interview granted to the Vietnam News Agency, the official noted that Vietnam has focused on including the cultural content into the activities of high-ranking leaders during their overseas trips and the country’s reception of foreign leaders; and on promoting deep and wide integration in the fields of culture, science and education at international forums. According to him, Vietnam hosted significant regional and international conferences and events last year, including the 31st SEA Games and the Vietnam day programme in the Republic of Korea, … [Read more...] about Cultural diplomacy raises Vietnam’s position worldwide

According to its latest report on Southeast Asia, HSBC said Thailand will benefit the most from China’s reopening. It said further that tourism in Vietnam was also expected to perform well as Chinese tourists account for some 30% of international arrivals to the country. This month Khanh Hoa Province is expected to have nine charter flights which will bring Chinese visitors to Vietnam after a 3-year suspension due to the pandemic. Hotels in Hoi An, in the central province of Quang Nam, have also received bookings from Chinese tourists. Regarding trade, since 2020 ASEAN has surpassed the E.U. to become China’s largest trading partner. Last year Vietnam was one of three Southeast Asian countries, along with Indonesia and Malaysia, reporting increases in exports to China. Vietnam is also benefiting from more favorable trade ties with China because exports no longer have to undergo strict Covid testing. Concerning FDI, Japan and South Korea are the leading countries in terms of … [Read more...] about Vietnam’s tourism, trade, FDI rosy amid China’s reopening: HSBC

Vietnam remains an attractive destination for foreign investors (Photo: VNA) Hanoi (VNA) - According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), Vietnam is likely to attract 36-38 billion USD in foreign direct investment (FDI) in 2023. The figure was nearly 22.4 billion USD in 2022. Deputy Director of the FIA Do Van Su said disbursement of foreign investment this year is expected to hit 22-23 billion USD,. Su acknowledged that the opening of China’s economy might affect Vietnam's foreign investment attraction, adding that China remained the leading investment destination in the region, so when they opened up, capital will flow into this market while that to Vietnam and other economies in the region will be limited. On the contrary, the investment capital movement of the Republic of Korea (RoK) , Japan, and Taiwan (China) will be accelerated. This shift will be accelerated until 2025, and Vietnam will be a preferred investment … [Read more...] about Vietnam’s FDI projected to reap up to 38 bln USD in 2023

A garment factory in Vietnam (Illustrative photo: VietnamPlus) Hanoi (VNA) – In its Vietnam Marco Monitoring report released in November, the World Bank (WB) noted several positive economic signs recently, including the strong rebound of FDI commitment, thanks to a jump in greenfield investment. Industrial production moderates, FDI bounces back The WB said FDI commitment bounced back strongly thanks to a jump in greenfield investment in electricity, gas, and water supply, while FDI disbursement maintained robust growth. Total investment commitment jumped to 3.7 billion USD in October, up 133% year on year and the second highest level in 2022. This improvement was driven by a lump sum greenfield investment of 2 billion USD in electricity, gas, and water supply. FDI disbursement remained strong, growing by 8.1% (y/y) in October and 15.2% (y/y) over the first 10 months. The industrial production index increased by 6.3% from a year earlier in October, … [Read more...] about FDI commitment rebound driven by greenfield investment surge

PM Pham Minh Chinh inspects progress of the project (Photo: VNA) Dong Nai (VNA) – Prime Minister Pham Minh Chinh on January 29 asked the southern province of Dong Nai to complete the handover of cleared ground for the first-stage construction of Long Thanh international airport by the end of this first quarter. During a working session with ministries, agencies, localities and stakeholders of the project after making a fact-finding trip earlier the same day to the construction site, he assigned them to responsibility for the work under their watch and solve existing issues. The Government has directed the establishment of a working group led by Deputy Prime Minister Tran Hong Ha to oversee and speed up the project, PM Chinh revealed. At the construction site, he asked ministries, agencies, localities and investor to hasten the implementation of the project, with quality guaranteed. Covering a total area of more than 5,580 hectares, the Long Thanh international … [Read more...] about Problems must be settled for Long Thanh airport construction: PM

EXHIBITION HCMC-Exhibition ‘No more, not yet’ Opening: Feb 3, 06:30 pm EMASI Nam Long, 147 Street No.8, Nam Long Residential area, D7, Display: Feb – June, Wed & Fri, 10 am – 04 pm EMASI Nam Long (D.7) Tues & Thurs, 10 am – 04 pm EMASI Vạn Phúc (D.Thủ Đức) *and every last Saturday of the month From the organizer: Nguyen Art Foundation (NAF) proudly invites you to the opening of ‘No more, not yet’, an exhibition that looks back on Nguyen Thi Thanh Mai’s shapeshifting artistic practice in all its multiplicity. Winner of the Artist Excellence Award (inaugural edition, initiated by The Factory Contemporary Arts Centre and managed by in-tangible institute), her work is presented here alongside nearly 20 artists whom she calls her colleagues and friends. The exhibition will be on display from February to June 2023 across the campuses of EMASI Nam Long and EMASI Van Phuc. Hanoi-Exhibition “This is not A Dream” Exhibition: Until Mar … [Read more...] about What’s on January 30-February 5/2023

A showroom displays and sells products under the country’s One Commune-One Product (OCOP) programme and other products in the Cuu Long (Mekong) Delta province of Tra Vinh. (Photo: VNA) HCM City (VNS/VNA) - The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme. Launched in 2018, the OCOP programme focuses on developing specialty products and high-quality products in rural areas to increase incomes for locals and boost the sustainability of economic development in rural areas. OCOP products are commercial products and services such as food and beverages, handicrafts and rural tourism services. They are classified as having one to five stars. Under the programme, the Cuu Long delta, which is the country’s largest rice, seafood and fruit producer, has developed more OCOP products and increased their value. Can Tho recognised 18 new OCOP products last year, including 10 three-star … [Read more...] about Mekong Delta develops more OCOP products

Nguyen Thanh Tam from the northern city of Hai Phong was browsing Facebook last month when she came across a post seeking child models to promote a "major fashion brand’s" spring 2023 collection. Her daughter, who is almost 4 four years old, loves having her photo taken. She often strikes poses when her mother brings out her camera phone. Meanwhile, the single mom is too busy with work and has little time to spend with her child. So, she’s been wanting to find an extracurricular activity for her child. After signing her daughter up for the modeling gig, Tam was added to a private chat group on the messaging app Telegram where a fake talent scout asked for the baby's age, height and weight. This person later instructed her to contact a male coworker in a different chat group who would help her complete her daughter's application. The admin of the second chat group said the models could make VND7-15 million ($298-640) a month if the outfits used by the child commercial photo … [Read more...] about Parents fall for child modeling scams on social media

In the month, local authorities granted licenses for 153 new FDI projects worth $1.2 billion, up 48.5% in number and 3.1 times in value. Among these projects, those related to wholesale, retail, and repair of automobiles and motorized vehicles accounted for the lion’s share of the total registered sum, at 54.1% or $651.9 million. They were followed by those in the processing and manufacturing industry, which together registered $351.2 million in capital. Also in January, 28 foreign countries and territories invested in Vietnam. Singapore was the largest with $767.6 million, followed by China with $198.2 million. Meanwhile, Vietnamese investors poured $126.7 million on their projects overseas, increasing by 3.4 times against the same month in 2022. … [Read more...] about January FDI nears $1.7B