Investment

Electronics industry with the presences of foreign investors has contributed significantly to the increase of Vietnam export. In order to continue attracting investors, one of the important factors is to have appropriate infrastructure to meet the demand of investors.

Samsung Electronics has expected to invest in Vietnam’s telecommunications industry after gaining significant success in the electronics production.

Japan’s Meiko Electronics, one of the world’s leading manufacturers of printed circuit boards and electronic assembly, will construct its third plant in Vietnam.

The Hanoi People’s Committee issued Decision 6818/QD-UBND, approving Ha Nam Clean Water Joint Stock Company as the investor of project on building water supply system for 28 administrative units in suburban district.

Foreign capital registered to invest in Vietnam will reach roughly US$28 billion this year, the Ministry of Planning and Investment (MPI) estimates.

The Embassy of Vietnam in India and the Confederation of Indian Industry (CII) held a seminar in New Delhi on October 10 to introduce business opportunities in the northern province of Vinh Phuc.

The PM has recently approved a master plan for construction of Quang Tri province’s Southeast Quang Tri Economic Zone (EZ) until 2035, with a vision to 2050.

Van Don island district in the northern province of Quang Ninh has received approval to set up a special administrative-economic zone. With open policies and incentives, the zone is set to become a dynamic area in the country.

With the advantage of participating in free trade agreements, Vietnam is becoming an attractive destination for foreign investors, especially world leading corporations such as Samsung, Microsoft, LG with plans to move their factories to the country. This has played a big part in expanding Vietnam’s export, and also increases demands for transportation.

The Ministry of Planning and Investment (MPI) has drafted an economic-socio development plan for 2018 with a GDP growth target of 6.5 per cent.

Recently, the government has encouraged Foreign Direct Investment (FDI) enteprises to increase cooperation with domestic enterprises, with an aim to spread the effect of FDI to the economy as a whole. After 30 years of the government’s effort in attracting FDI, there remains work to be done to increase the efficiency of this important fund to the economy.

The real estate sector has remained among Vietnam’s most attracted industries for foreign investors, just behind manufacturing, the Foreign Investment Agency under the Ministry of Planning and Investment reported.

Hanoi will take over three delayed transport projects from the Ministry of Transport to speed up efforts in curbing traffic jams in the city.

The relationship between banks and enterprises, especially medium and small enterprises (SMEs) has been improved and more open. However, difficulties in accessing banks’ capital remain challenges for enterprises, which requires a better connection between the two sides.

Over 50 local enterprises in tourism, and palm, rice, beverage, building materials and machinery production and business attended a ​workshop for Vietnam-Algeria trade and investment promotion in Biskra province on October 5.

Vietnam`s Ministry of Industry and Trade decided to cut business and investment red tape in half in an effort to simplify the administrative process, especially for private, small and medium enterprises.

Three trains which will be used for Cat Linh-Ha Dong elevated railway have been delivered to Hanoi.

Vietnam is committed to create favourable conditions for Japanese businesses to invest in the country, Prime Minister Nguyen Xuan Phuc stated while receiving Kanji Hayama, former President of the Japanese construction contractor Taisei Corp., in Hanoi on October 4.

The south central coastal province of Ninh Thuan is trying to create favorable conditions to lure investment in developing wind and solar power towards ensuring sustainable development of the power sector and contributing to national energy security.

Experts said, recently, the business environment of Hanoi has been significantly improved. The PCI Index in 2016 has increased 10 places and ranked 14 out of 63 provinces. This is one of the conditions for Hanoi to attract investment for development.