Investment

Hanoi Department of Investment and Planning recently organized a conference to review its work in 2017 and deploy missions in 2018.

With advantages in agricultural technology and high-quality tourism, the Central Highlands province of Lam Dong is calling for investment in 53 projects, including three national-level projects and 50 provincial-level ones.

With significant contribution of 5 billion-dollar-projects, the year 2017 marks the record high of foreign direct investment (FDI) to Vietnam.

According to the Foreign Investment Agency of the Ministry of Planning & Investment, as of December 20, Vietnam has 2,591 newly approved projects with total registered capital of 21.27 billion USD, up 42.3% compared to the last year’s figure.

Vietnam`s central highlands province of Lam Dong gives priority to attract investment in developing modern agriculture in combination with agricultural tourism.

The northern province of Nghe An has planned to focus on attracting investment in the infrastructure development of its industrial zones (IZ) next years.

Vietnam`s north-eastern province of Quang Ninh is calling for an investment of 15 trillion VND (660.8 million USD) in five projects in the Van Don special administrative-economic zone.

Vietnam has announced a list of eight investment projects worth roughly VND104.1 trillion (US$4.6 billion) to build sections of the Eastern North-South Expressway for 2017-2021.

Japan has taken over Korea as the largest FDI investor in Vietnam with total investment of 9.11 billion USD, contributing to 25.4% of total investment to Vietnam.

Head of the Ministry of Finance`s Corporate Finance Department Dang Quyet Tien has announced that the government will sell the remaining 36% stake in Sabeco.

Vietnamese Prime Minister Nguyen Xuan Phuc has approved an adjustment plan to build Ho Chi Minh City into a major urban hub with dynamic and sustainable development, playing a crucial role in Southeast Asia`s development.

PM Nguyen Xuan Phuc affirmed that the Vietnamese Party, State and people attach importance to the relationship with Cuba at his meeting with newly-appointed Cuban Ambassador to Vietnam Lianys Torres Rivera on December 26 in Hanoi.

Deputy Prime Minister Trinh Dinh Dung has approved adjustments to the master plan for Vietnam’s inland container depot development to 2020, with a vision to 2030.

Transport regulations will be reviewed to ensure a fair business environment for firms, Deputy Minister of Transport Le Dinh Tho said at a recent conference to review a two-year pilot project of applying technology in passenger transport, including car and motorbike hailing services, such as Uber and Grab.

Vietnam has remained an attractive destination for foreign investors in 2017 as they registered to invest a record high of US$35.88 billion in the country, up 44.4 per cent against last year.

The Hanoi People’s Committee issued Official Letter No. 6456/UBND-DT dated December 19, requesting relevant agencies, departments, People’s Committees of districts, suburban districts and towns to increase management over sand, gravel exploitation and trade in the city.

Vietnam has remained an attractive destination for foreign investors in 2017 with total FDI capital registered in the country hitting a record high of 35.88 billion USD, up 44.4 percent against last year.

In overall for 12 months of 2017, total value of newly, additionally registered capital, capital contributed and shares bought by foreign investors of 35.88 billion USD, up 44.4% compared to the same period of 2016.

South Korea’s investment capital in Vietnam now increases to some US$60 billion, 120 times higher than that in 1992.

Experts said that transparency in the equitisation of State-owned enterprises (SOEs) must be enhanced to attract foreign strategic investment in the process.