Vietnam foreign investment agency

Amid the Covid-19 pandemic, the global investment flow is likely to contract by 40% in 2020, but in Vietnam, newly registered capital has risen 6.6% and the number of new FDI projects inched up over 22% during the pandemic, Do Nhat Hoang, head of the ministry’s Foreign Investment Agency (FIA), said while addressing a dialogue on FDI attraction held today, September 4. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

Of these, some new billion-dollar projects were licensed in the first months of the year like Singapore’s $4 billion liquefied natural gas-fired power plant, while Taiwan’s $273 million Victory Electronics factory in the northern province of Ha Nam and the $246 million high-end office for lease project of Singaporean investor in Hanoi added millions of US dollars in capital. … [Read more...] about Gliding over brief hush in FDI flows

The Prime Minister stressed that with a population of nearly 100 million and being part of the dynamic 650 million-strong bloc of ASEAN, Việt Nam is big enough for business plans and suitable for restructuring and the shift of regional and global supply chains by foreign investors, especially those from Japan. … [Read more...] about Prime Minister welcomes Japanese firms’ investment in Việt Nam

Hanoi (VNS/VNA) - Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April. At a recent Government meeting, Prime Minister Nguyen Xuan Phuc said the country’s forex reserve was expected to hit 100 billion USD by the end of this year, five times higher than the level recorded at the beginning of his term. Statistics of the General Department of Customs showed that August saw a trade surplus of 2.5 billion USD and a surplus of 10.93 billion USD in the January-August period, providing a plentiful supply of foreign currencies which enabled the central bank to purchase foreign currencies from the beginning of this year. Financial expert Nguyen Tri Hieu said that high reserves would be an important buffer to help the economy withstand external shocks, which would contribute to stabilising the macroeconomy, strengthening foreign … [Read more...] about Vietnam’s forex reserve sets new record

Hanoi (VNS/VNA) - The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on September 8 issued an additional 300,000 certificates to raise the total amount of certificates to 148.3 million. The issuance helped boost the value of certificates listed on the Ho Chi Minh Stock Exchange to 1.483 trillion VND (63.9 million USD) from 1.48 trillion VND. As of September 6, the net asset value (NAV) of the fund was 1.9 trillion VND, equal to 12,884.58 VND (0.56 USD) per certificate. The fund debuted on HoSE on May 12 at 11,693.36 VND per certificate with charter capital of 102 billion VND. The fund has recently become a target for foreign investors, especially Taiwan-based investment fund CTBC Vietnam Equity Fund. The Taiwanese fund will buy 21 million certificates of VFMVN Diamond between September 7 and October 6. The Taiwanese fund in late August reported it had raised 160 million USD to invest in the Vietnamese equity market, targeting high-potential listed companies … [Read more...] about Local ETFs draw foreign attention