Foreign investments in vietnam

As many as 126 foreign projects were granted investment licenses with total registered capital of $3.31 billion, a year-on-year fall of 33.9 percent. Meanwhile, 115 existing projects adjusted their investment capital with a total additional sum of $1.61 billion, or 2.5 times higher than the same time last year. Capital contributions and shares purchases by foreign investors stood at $543.1 million, down 34.4 percent. Foreign investors pumped capital in 17 sectors, with processing and manufacturing holding the lead with over $3 billion or 55.7 percent, followed by power production and distribution with $1.44 billion (26.5 percent), real estate $485 million, and science-technology nearly $153 million. Japan topped the list of 46 countries and territories landing investment in Vietnam, with $1.64 billion, equivalent to nearly 30 percent of the total. Singapore came second with $1.07 billion (19.6 percent), and the Republic of Korea third with $1.05 billion (19.3 percent). The … [Read more...] about Vietnam lures US$5.46 billion in foreign investment

Dr. Craig Emerson, director of the Australian APEC Study Centre Vietnam’s success in containing COVID-19 with minimal economic fallout compared to other nations has improved its already-strong reputation for competent governance. The government has been liberalising Vietnam’s economy for decades and is now reaping the benefits of rapid growth. Vietnam has stood to gain from the recent US-China trade conflict with many companies relocating at least some of their production facilities there. Vietnam is also rapidly adopting digital technologies to deploy automation, smart manufacturing, and big data analytics. Competent economic management, consistent reforms, swift digital uptake, and effective COVID-19 containment make Vietnam a very attractive destination for trade and investment in 2021 and beyond. Economically, Vietnam is becoming a manufacturing powerhouse, particularly for electronics and apparel. It is also becoming a focal point for regional value chains with … [Read more...] about Mutual merit in Australian investment

Foreign investors are seeing great prospects in Vietnam Foreign investor Foxconn Singapore Pte., Ltd. has recently decided to pour an additional $23 million into the Fukang Technology Factory in the northern province of Bac Ninh, bringing the total investment capital of this project to $293 million. The project was granted investment licenses in mid-January. Foxconn is recruiting 1,000 electronic assembly workers for its factories in Vietnam. Workers will work at the industrial parks (IP) of Dinh Tram, Quang Chau, and Van Trung in Bac Giang and Que Vo IP in Bac Ninh. Besides, the company is recruiting 14 supplier quality engineers. According to Zhuo Xianhong, general director of Foxconn in Vietnam, the Taiwanese electronics contract manufacturer has invested $1.5 billion in Vietnam, including $900 million in the northern province of Bac Giang alone, creating jobs for over 35,000 local workers. It aims to pour an additional $700 million and create 10,000 jobs in the country … [Read more...] about Foreign investors remain upbeat about Vietnamese market

Head of the Vietnam representative office of Genesia Venture s Hoang Thi Kim Dung speaks at a workshop on attraction of venture investment capital for innovative startups (Photo: hoilhpn.org.vn) Hanoi (VNA) - Investor s are confident in the potential of Vietnam's innovative startup ecosystem, and believe the country will become a big investment market in the region and the world, according to head of the Vietnam representative office of Genesia Ventures, an investment fund of Japan, Hoang Thi Kim Dung. According to a report published by Do Ventures - a venture capital fund that focuses on making investments in tech startups in Vietnam and Southeast Asia -  in 2020, Vietnam's innovative startup ecosystem ranked third in Southeast Asia, after Singapore and Indonesia. Vietnam’s national innovation startup ecosystem is likely to earn a berth in the top 15 emerging ones in the Asia-Pacific region by 2030, the report said. The Prime Minister in 2016 approved a project … [Read more...] about Investors confident in Vietnam’s innovative startup ecosystem

Buddhists pray online due to COVID-19 outbreak Blood shortage warned as donations postponed due to COVID-19 outbreaks The resurgence of the COVID-19 pandemic in many cities and provinces in recent weeks has seriously affected the blood supply for medical treatment. Although many people and organisations responded to the call of blood donation by the National Institute of Hematology and Blood Transfusion (NIHBT) on February 19, the amount of blood received per day was still only a few hundred units while the average need for treatment each day is from 1,200 to 1,500 units. There is usually a shortage of blood during the Tết (Lunar New Year) holiday as the holiday lasts long while blood has a short shelf life and many patients still need blood transfusions during Tết. This year, the pandemic's resurgence has made the shortage after Tết even worse. Before Tết, 30 entities requested to postpone or cancel blood donation plans which meant the NIHBT missed out on … [Read more...] about VIETNAM NEWS HEADLINES FEB. 25