Vietnam foreign investment agency

Deputy Minister of Planning and Investment Vu Dai Thang said while the global flows of foreign direct investment (FDI) could decline by up to 40 percent in 2020 due to the impact of the pandemic, the FDI attraction in Vietnam in the first six months remained positive. Specifically, in January-June, the total amount of capital registered by foreign investors reached 15.67 billion USD, a year-on-year drop of 15.1 percent. However, the newly-registered and added capital increased 13.8 percent and 26.8 percent to reach 8.43 billion USD and 3.72 billion USD, respectively. “These are positive signs, showing the confidence of foreign investors in the business environment in Vietnam,” Thang said. Particularly, Vietnam is home to over 32,000 projects worth 378 billion USD from 136 countries and territories. While countries across the world are still in the fight against COVID-19, Vietnam has resumed business activities as usual and become one of the first countries to diversify … [Read more...] about Foreign investors confident in Vietnam’s business environment: official

“The question of what a second wave might look like depends in large part on everyone’s actions,” wrote Melissa Hawkins, Professor of Public Health at American University for SciTech Daily. “The 1918 flu pandemic was characterised by a mild first wave in the winter of 1917-1918 that went away in summer. After restrictions were lifted, people very quickly went back to pre-pandemic life. But a second, deadlier strain came back in fall of 1918 and third in spring of 1919.” … [Read more...] about World walks tightrope in fear of second spike

Bac Ninh (VNA) – About 130.29 million USD of foreign direct investment (FDI) has been poured into new and existing projects in the northern province of Bac Ninh since the beginning of 2018. Of the total capital, 91.69 million USD has been channelled into 21 new projects while the remaining has been added to 35 existing ones, according to the Bac Ninh Industrial Zones Authority. The authority noted the businesses with new investment mainly operate in the processing and manufacturing sectors. It said the province has been working to boost the application of high technology in local industries, develop supporting industries to serve key sectors, and connect Bac Ninh businesses with FDI firms.  The provincial administration has also held regular meetings with enterprises to remove difficulties, thus promoting investment attraction in industrial parks and clusters. A business support team was also set up to immediately address problems facing companies whenever it receives … [Read more...] about Bac Ninh attracts over 130 mln USD of FDI capital in two months