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The first phase of the project, estimated at VND99 trillion (US$4.25 billion), is set to be completed within 60 months and become operational by December 2025.

Many challenges are causing a delay in the development of a startup ecosystem in Vietnam.

Startups that fully comply with business integrity, including financial transparency, would have higher chances of attracting investors.

The number of newly established enterprises in 2020 would be around the figure recorded a year ago.

The State Bank of Vietnam would provide refinancing loans for Vietnam Airlines to maintain current operation.

As of present, the Ministry of Planning and Investment has completed setting up a list of major projects which are vital for economic development in the Mekong Delta Region.

This year, due to the Covid-19 pandemic, the M&A value may decrease 51.4% year-on-year to US$3.5 billion.

IPs and EZs in Vietnam have attracted a total of 10,055 foreign-invested projects with total registered capital of nearly US$198 billion to date, 70% of which has been disbursed.

All projects financed by ODA or preferential loans from foreign donors are expected to have sufficient counterpart funds, especially those that are set to be completed in 2021.

Samsung Vice Chairman is scheduled to meet Vietnam’s Prime Minister Nguyen Xuan Phuc during the visit to discuss business and investment opportunities.

Vice Chairman of Samsung Lee Jae-yong is set to meet Prime Minister Nguyen Xuan Phuc during his trip to Vietnam.

While global FDI is projected to decline by 40% year-on-year in 2020, FDI commitments to Vietnam in the first eight months dropped 13.7% year-on-year to US$19.54 billion.

FDI commitments in the January – September period totaled US$21.2 billion, down nearly 19% year-on-year.

Vietnam is home to 32,539 valid foreign direct investment (FDI) projects with registered capital of a combined US$381 billion, of which US$233 billion has been fully disbursed.

The plant, considered one of the most important projects of Hyundai, is invested with an estimated VND3.2 trillion (US$137.44 million) and able to produce 100,000 vehicles per year.

These projects are expected to create 22,500 direct jobs and manufacture products that are supplied to Microsoft, Sony, Lenovo and Apple.

In the first eight months of 2020, Singapore was Vietnam’s largest investor with US$6.54 billion, accounting for 33.5% of total commitment.

This is one of large-scale projects of European investors after the EU – Vietnam Free Trade Agreement (EVFTA) came into force in early August.

The country is set to score 102 and 94.6 out of the maximum of 250 in 2020 and 2021, staying behind only the US with its respective scores of 108.9 and 112.5.

The move would make Samsung's global production more efficient, stated the company.