Seeking new challenges and opportunities

In his speech at the forum, Chairman of the provincial the People’s Committee Đặng Trọng Thăng said his province pays special attention to attracting strategic investors including those from Singapore and will create the best possible conditions for them to operate. … [Read more...] about Thái Bình seeks Singaporean investment

The redirection of investment flows opens up huge opportunities for HCM City in particular and Vietnam in general. It also entails certain risks, however, unless projects are carefully selected. Insiders have therefore advised local authorities to carefully weigh up the pros and cons of each FDI project prior to granting approval./. … [Read more...] about Redirection of FDI flows opens up opportunities for HCMC

MPI reported that 1,620 FDI projects were licensed in the first seven months, a 21.5 percent decrease compared with the same period last year, while the total registered capital was $9.46 billion, up by 14.4 percent. Bac Lieu province, for example, had one FDI project licensed, but still led the country in the amount of investment capital with $4 billion, which accounted for 21.3 percent of total registered capital. … [Read more...] about No new FDI in 12 provinces in first seven months of the year

After social distancing measures were suspended in late April, the domestic tourism industry strongly revived between June and early July. According to the VNAT, hotel room occupancy in mid-June reached 60 percent by mid-week and up to 90 percent by the end of the week. … [Read more...] about VN tourism sector works to recover market amid new COVID-19 outbreak

Of which, 27 new projects with registered investment capital of nearly $162 million, up 55.97 percent, and 22 projects with adjusted capital increased by more than $31 million, up 74.85 percent. In the context that foreign direct investment (FDI) attraction has not been satisfactory, the sudden increase in domestic investment capital is a good sign for HCMC. The most worrying issue is that the land fund for investors in the city has begun to be scarce. Ms. Le Bich Loan, Deputy Head of the Management Board of Saigon High-Tech Park, said that many foreign investors had come to learn and have investment needs, but the land fund of the high-tech park for large enterprises is no longer available. There is only a small land fund left to attract the model of product research and development centers. The Board has reported to the city’s People's Committee on the proposal of export processing zones and industrial parks to share difficulties with the high-tech park, contributing to … [Read more...] about HCMC paves way for investment attraction