Vietnam foreign investment agency

Illustrative image (Source: VNA) Hanoi (VNA) – Party General Secretary Nguyen Phu Trong has signed for issuing Resolution 50-NQ/TW on directions for improving institutions and policies to enhance the quality and effectiveness of foreign investment cooperation to 2030. The resolution expresses Vietnam’s viewpoints, policies and targets in attracting foreign investment in the new stage. It also provides the foundation to address the trend of developed countries exporting pollution to developing ones through FDI, as one of the guiding viewpoints mentioned in the resolution is to proactively attract foreign investment in a selective manner, based on the main criteria of quality, effectiveness, technology and environmental protection. One of the specific targets set by Resolution 50 is to attract 150-200 billion USD of foreign investment in the 2021-2025 period, or 30-40 billion USD each year, and 200-300 billion USD in the 2026-2030 period, or 40-50 billion USD each … [Read more...] about New Party resolution issued to direct flow of foreign investment

Participants at the seminar held on Tuesday to discuss the amendments to the laws of Enterprises and Investment. — Photo thoibaotaichinhvietnam.vn The stability of the regulatory system is key to luring foreign investment into Viet Nam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said. They urged that government agencies must acknowledge this when making amendments to the laws of Enterprises and Investment. Though many countries and territories have entered Viet Nam, the presence of high-tech enterprises was limited, vice chairman of the Vietnam Association of Foreign Investment Enterprises (VAFIE) Nguyen Van Toan said. European and American investors were concerned by the lack of rigid policies on corporate transparency and intellectual protection, he told a seminar on Tuesday. In addition, regulations had been changed constantly, making it harder for them to invest in Vietnamese assets, he said. … [Read more...] about Consistent policies key to draw foreign investment: officials

European and American investors were concerned by the lack of rigid policies on corporate transparency and intellectual protection. Participants at the seminar held on Tuesday to discuss the amendments to the laws of Enterprises and Investment. — Photo thoibaotaichinhvietnam.vn The stability of the regulatory system is key to luring foreign investment into Viet Nam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said. They urged that government agencies must acknowledge this when making amendments to the laws of Enterprises and Investment. Though many countries and territories have entered Viet Nam, the presence of high-tech enterprises was limited, vice chairman of the Vietnam Association of Foreign Investment Enterprises (VAFIE) Nguyen Van Toan said. European and American investors were concerned by the lack of rigid policies on corporate transparency and intellectual protection, he told a … [Read more...] about Consistent policies key to draw foreign investment into Vietnam: officials

Hong Kong retained its crown as Vietnam’s leading source of foreign direct investment (FDI) in the first seven months of this year, pouring US$5.44 billion in the Southeast Asia country, the Ministry of Planning and Investment’s Foreign Investment Agency said in its latest report. A corner of Hanoi. The capital city take the lead in term of FDI attraction in the first seven months of 2019. — Photo tripsavvy.com South Korea ranked second with more than $3.13 billion. Mainland China came third with $2.45 billion while Singapore and Japan followed with $2.29 billion and $2.25 billion, respectively, the agency said. In total, foreign investors pumped $20.2 billion into Vietnam in the seven-month period, down 13.5 per cent compared to the same period last year. Of the sum, nearly $8.27 billion came from 2,064 newly licensed projects, $3.42 billion came from 781 existing projects raising their capital and the remainder of more than $8.52 billion was spent … [Read more...] about Hong Kong the largest source of foreign investment in Vietnam in first 7 months of 2019

More than 4.15 billion USD of foreign investment was poured into Myanmar in the fiscal year 2018-2019 (Photo: AFP) Hanoi (VNA) – Myanmar attracted more than 4.15 billion USD of foreign investment in the fiscal year 2018-2019 that ended in September. The figure declined by over 1.5 billion USD from FY 2017-2018, when over 5.7 billion USD of foreign investment was poured into the country, according to the Directorate of Investment and Company Administration of Myanmar. From October 1, 2018 to September 30 this year, the Myanmar Investment Commission approved projects of over 282 foreign enterprises. The transport and communication sector topped the list with over 1.53 billion USD channeled into, followed by the manufacturing sector with over 1.34 billion USD, and other services with 650 million USD. From FY 1988-1989 to FY 2018-2019, Myanmar attracted 81.8 billion USD from 1,837 foreign businesses. Singapore, China and Thailand were the three leading investors./. VNA … [Read more...] about Myanmar draws over 4.15 bln USD of foreign investment last fiscal year