Participants said that many investors have thought Vietnam as a safe investment destination after the Southeast Asian country has driven the Covid-19 pandemic away. The country has therefore great advantages in post-Covid-19 but it must come up with good solutions to lure investment. … [Read more...] about Experts propose to set up special team to attract foreign investors
Foreign direct investor
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, bus is the world?
Hanoi (VNA) – Vietnam and Ho Chi Minh City in particular have remained appealing to foreign investors who are continuing to pour capital into the southern economic hub despite the COVID-19 pandemic. The municipal Statistics Office reported that from the beginning of this year to April 20, the city attracted more than 1.3 billion USD in foreign direct investment (FDI), including newly-registered and added capital, and share purchases. According to the HCM City Export Processing and Industrial Zones Authority (HEPZA), nearly 118 million USD worth of investment has been poured into HEPZA so far this year, up 86 percent year-on-year. Of the total, FDI reached 65.98 million USD, up nearly 2.58 times against the same period last year. With the favourable premise, HCM City is expected to welcome a big wave of investments post-COVID-19 when investors from the US, Europe and Japan move their production lines to Vietnam, said Nguyen Van Be, Chairman of the HEPZA Business … [Read more...] about HCM City gets ready for new foreign investment wave post-COVID-19
HCM City (VNS/VNA) - Vietnam has some great advantages while competing with regional countries in attracting capital flows after the COVID-19 pandemic, experts have said. A report by SSI Research said foreign projects set up in industrial parks in the country were up 32 percent year-on-year in the first four months of the year to 9.8 billion USD. The pandemic has shown that many large countries’ supply chains are heavily dependent on China, and they have taken drastic steps to cut this dependency. Many large US, Japanese and European companies are gearing up to shift production away from China. Vietnam is one of their destinations besides some others in the region such as Indonesia, Thailand and Malaysia. "Compared to Indonesia, which directly competes with Vietnam in attracting FDI, Vietnam has the advantage of proximity to China,” the report said. “Vietnam also offers support to businesses, with many incentives for large FDI projects, and has a lot of free … [Read more...] about Vietnam needs to change its ways to attract FDI: experts
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?