Disbursement of FDI projects totaled US$9.1 billion in the six-month period, representing an increase of nearly 8% year-on-year.
The Politburo of the Communist Party of Vietnam, the supreme decision-making body in the country, is considering a resolution on perfecting the institutional framework and attracting high quality foreign direct investment (FDI) projects until 2030, the governmental portal reported.
Secretary General of the Communist Party of Vietnam and State President Nguyen Phu Trong on July 5 chaired a monthly meeting of the Politburo discussing Vietnam’s vision to attract high quality FDI and efficient utilization of foreign capital until 2030.
Prior to the meeting, Prime Minister Nguyen Xuan Phuc stressed the necessity to continue attracting foreign investors and supply chains looking to Vietnam as alternative destination for investment.
Phuc said the proposal on FDI attraction being submitted to the Politburo would focus on encouraging top multinationals using modern and environmentally-friendly technologies.
The government would set up a special panel specialized on receiving the next wave of FDI to Vietnam, and building up a set of criteria to select foreign companies investing in Vietnam.
FDI commitments in the January – June period totaled US$18.47 billion, down 9.2% year-on-year, while disbursed FDI totaled US$9.1 billion in the six-month period, representing an increase of nearly 8% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed.
According to the agency, 1,723 new projects have been approved with total commitments of US$7.41 billion in the first six months, down 37.2% from the corresponding period last year, while 628 existing projects have been injected an additional US$2.94 billion, down 33.8% from the same period last year.
During this period, 4,020 projects have had US$8.12 billion in capital contributed by foreign investors, up 98.1% year-on-year and accounting for 44% of total registered capital.
Overview of the meeting. Source: Vietnam News Agency.
|
Prior to the meeting, Prime Minister Nguyen Xuan Phuc stressed the necessity to continue attracting foreign investors and supply chains looking to Vietnam as alternative destination for investment.
Phuc said the proposal on FDI attraction being submitted to the Politburo would focus on encouraging top multinationals using modern and environmentally-friendly technologies.
The government would set up a special panel specialized on receiving the next wave of FDI to Vietnam, and building up a set of criteria to select foreign companies investing in Vietnam.
FDI commitments in the January – June period totaled US$18.47 billion, down 9.2% year-on-year, while disbursed FDI totaled US$9.1 billion in the six-month period, representing an increase of nearly 8% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed.
According to the agency, 1,723 new projects have been approved with total commitments of US$7.41 billion in the first six months, down 37.2% from the corresponding period last year, while 628 existing projects have been injected an additional US$2.94 billion, down 33.8% from the same period last year.
During this period, 4,020 projects have had US$8.12 billion in capital contributed by foreign investors, up 98.1% year-on-year and accounting for 44% of total registered capital.
Other News
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- North-South high-speed railway to open up new economic opportunities
- Prime Minister calls on China to pilot border economic cooperation zone
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
- Vietnam news in brief - August 24
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
Trending
-
Hanoi to lead national digital transformation efforts
-
Vietnam news in brief - November 23
-
Are Vietnamese people living healthier lives?
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hang Ma Street gears up for festive season
-
A Hanoi artisan turns straw into appealing tourism product
-
“Look! It’s Amadeus Vu Tan Dan” workshop - an artistic journey for kids
-
Vietnam news in brief - November 15
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024