Investment

EuroCham’s Whitebook makes recommendations for Vietnam to attract more foreign direct investment.

EVFTA takes effect at the right time as Vietnam is recovering from the Covid-19 pandemic and the deal is expected to boost the Vietnam-EU relations.

There will be enormous incentives in trade between Vietnam and the EU, including the Netherlands, especially as both sides have ratified the EU–Vietnam Free Trade Agreement (EVFTA).

IFC will work with Hanoi to formulate a new-generation FDI strategy in response to the government’s master plan on foreign investment promotion toward 2030.

Investors have poured money into 18 fields and sectors, in which manufacturing and processing led the pack with over US$8 billion, accounting for 51.1% of the registered tally.

This resulted in a total of 9,853 foreign-invested projects in the country’s industrial parks and economic zones with total registered capital of US$197.8 billion to date.

The funds will also be directed towards activities to enable economic recovery, including accelerating the execution of the investment program while deepening trade integration.

The majority of business conditions still allow state agencies to interfere deeply in enterprises’ rights to freedom of doing business, said an expert.

TTI wants to attract 180 – 200 local firms to join its supply chains to generate a combined revenue of US$2.5 billion per year.

Strong development of the night economy, including prize-winning games businesses, could help Vietnam’s tourism compete with regional peers.

This facility will be used to develop new mobile technologies and provide testing services for Vietnamese partners like VinSmart, BKAV and Viettel.

A shortfall of 25% compared to the initial financial plan would trigger the risk-sharing mechanism in public-private partnership (PPP) projects.

The total investment capital of the expressway project has now been raised to VND100.81 trillion (US$4.32 billion), including VND78.46 trillion (US$3.36 billion) from the state budget.

Provincial authorities are responsible for choosing investors and implementing the newly added projects.

Luxshare ICT announced they are still hiring 300 workers per day from June 18 to 20 for production expansion in North Vietnam.

This law version bans the debt collection service.

The Vietnamese property developer has long enticed foreign investors.

Foreign investors have been net buyers so far this month -- a first since January -- amid a stable currency.

In June 2020, Vietnam’s four state-owned mobile operators - Viettel, VNPT-Vinaphone, GMobile and MobiFone - agreed to share about 1,200 base transceiver stations (BTS).