Foreign investments act of 1991

Illustrative image (Source: VNA) Hanoi (VNA) – Party General Secretary Nguyen Phu Trong has signed for issuing Resolution 50-NQ/TW on directions for improving institutions and policies to enhance the quality and effectiveness of foreign investment cooperation to 2030. The resolution expresses Vietnam’s viewpoints, policies and targets in attracting foreign investment in the new stage. It also provides the foundation to address the trend of developed countries exporting pollution to developing ones through FDI, as one of the guiding viewpoints mentioned in the resolution is to proactively attract foreign investment in a selective manner, based on the main criteria of quality, effectiveness, technology and environmental protection. One of the specific targets set by Resolution 50 is to attract 150-200 billion USD of foreign investment in the 2021-2025 period, or 30-40 billion USD each year, and 200-300 billion USD in the 2026-2030 period, or 40-50 billion USD each … [Read more...] about New Party resolution issued to direct flow of foreign investment

Participants at the seminar held on Tuesday to discuss the amendments to the laws of Enterprises and Investment. — Photo thoibaotaichinhvietnam.vn The stability of the regulatory system is key to luring foreign investment into Viet Nam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said. They urged that government agencies must acknowledge this when making amendments to the laws of Enterprises and Investment. Though many countries and territories have entered Viet Nam, the presence of high-tech enterprises was limited, vice chairman of the Vietnam Association of Foreign Investment Enterprises (VAFIE) Nguyen Van Toan said. European and American investors were concerned by the lack of rigid policies on corporate transparency and intellectual protection, he told a seminar on Tuesday. In addition, regulations had been changed constantly, making it harder for them to invest in Vietnamese assets, he said. … [Read more...] about Consistent policies key to draw foreign investment: officials

Participants at the seminar held on October 15 to discuss the amendments to the laws of Enterprises and Investment. (Photo: thoibaotaichinhvietnam.vn) Hanoi (VNS/VNA) – The stability of the regulatory system is key to luring foreign investment into Vietnam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said. They urged that government agencies must acknowledge this when making amendments to the laws of Enterprises and Investment. Though many countries and territories have entered Vietnam, the presence of high-tech enterprises was limited, Vice Chairman of the Vietnam Association of Foreign Investment Enterprises (VAFIE) Nguyen Van Toan said. European and American investors were concerned by the lack of rigid policies on corporate transparency and intellectual protection, he told a seminar on October 15. In addition, regulations had been changed constantly, making it harder for them to invest in … [Read more...] about Consistent policies key to drawing foreign investment: officials

More than 4.15 billion USD of foreign investment was poured into Myanmar in the fiscal year 2018-2019 (Photo: AFP) Hanoi (VNA) – Myanmar attracted more than 4.15 billion USD of foreign investment in the fiscal year 2018-2019 that ended in September. The figure declined by over 1.5 billion USD from FY 2017-2018, when over 5.7 billion USD of foreign investment was poured into the country, according to the Directorate of Investment and Company Administration of Myanmar. From October 1, 2018 to September 30 this year, the Myanmar Investment Commission approved projects of over 282 foreign enterprises. The transport and communication sector topped the list with over 1.53 billion USD channeled into, followed by the manufacturing sector with over 1.34 billion USD, and other services with 650 million USD. From FY 1988-1989 to FY 2018-2019, Myanmar attracted 81.8 billion USD from 1,837 foreign businesses. Singapore, China and Thailand were the three leading investors./. VNA … [Read more...] about Myanmar draws over 4.15 bln USD of foreign investment last fiscal year

Nghe An Province is working hard to create business-friendly conditions to woo foreign investors, local authorities say. — VNS Photo Van Chau Four hundred foreign and local enterprises took part in a conference to promote investment in the central province of Nghe An in HCM City on Friday. The north-central province has attracted 927 domestic and 53 foreign projects worth VND276 trillion (US$12.1 billion) in the last 10 years, including a $1.2 billion dairy farm by TH Milk Food JSC, a VND1 trillion high-tech pig farm by Masan Nutri – Farm of and some major hydropower plants, a province People’s Committee’s report said. Thai Thanh Quy, chairman of the People’s Committee, said the province would promote investment by providing investors with information about its potential, strengths and policies and the list of projects requiring investment. It would also speed up construction of industrial zones and clusters to attract major projects, he promised. It … [Read more...] about Nghe An Province eyes foreign investment