Investment a project

Da Nang has so far lured 496 projects worth nearly 2.9 billion USD in the High-Tech Park and industrial parks (Photo: VNA) Da Nang (VNA) – The central city of Da Nang on February 23 granted investment licences to six investment projects in local Hi-Tech Park and industrial parks, including three foreign-invested projects . US investors . They are a 110-million-USD semiconductor factory, a 35-million-USD Fujikin Da Nang research-development-production centre, and a 300,000-USD packaging factory. The three domestically-invested projects have a total capital of 73.4 billion VND. Da Nang Hi-Tech Park has attracted 24 projects, including 12 domestically-invested projects worth 6.29 trillion VND (273 million USD) and 12 FDI projects worth 545.1 million USD. Meanwhile, Da Nang has lured 496 projects worth nearly 2.9 billion USD in the High-Tech Park and industrial parks./. VNA … [Read more...] about Da Nang grants licences to six investment projects

The Hanoitimes - In addition to current incentives, Vietnam also offers tailor-made ones for hi-tech projects that help local firms further integrate into global value chains, said a senior government official. A government’s task force on promoting foreign direct investment (FDI) in Vietnam has been in contact with a number of global tech firms that are considering investing in large scale projects of up to US$1 billion each in Vietnam, according to Do Nhat Hoang, director of the Ministry of Planning and Investment’s Foreign Investment Agency. Overview of the online conference. Photo: VGP. Details of those in discussion, however, remained classified, Mr. Hoang, who is also a member of the task force, said at an online discussion on attracting FDI to Vietnam on September 4. According to Mr. Hoang, Vietnam remains a favorite investment destination for foreign businesses. While global FDI is projected to decline by 40% year-on-year in 2020, FDI commitments to … [Read more...] about World major tech firms consider billion-dollar investment projects in Vietnam

The importance of IPV to Intel Intel invested another $475 million in IPV - the single assembly and test plant with the largest cleanroom facility within Intel Assembly and Test (ATM) network based in SHTP . This is a new investment besides the $1-billion investment of Intel to build the most modern chip assembly and test plant at SHTP, first announced in 2006. Thus, the total investment of Intel at SHTP is now nearly $1.5 billion. With this additional investment, IPV will increase the production of Intel's 5G products, Intel Core processors with Intel Hybrid technology, and the 10th generation Intel Core processors. In November 2006, Intel announced a $1 billion investment to build a 47,000-square-meter cleanroom facility in SHTP. It is a project with strategic importance, associated with the establishment and development of SHTP in particular, and high technology in HCMC in general. It is also the largest US high-tech investment project in Vietnam. Up to now, IPV is the … [Read more...] about Intel Products Vietnam increases value of high-tech investment SHTP

Real estate attracted most of the sum, US$145.1 million or 43 percent of the total. It was followed by science - technology (US$57.5 million, 17 percent) and processing - manufacturing industry (US$41 million, 12.1 percent), the municipal Department of Planning and Investment said. The southern economic hub lured only three new foreign investment projects worth US$115 million in January and February, it said, citing complex developments of the COVID-19 pandemic around the world as the reason. Up to 99.7 percent of the new capital was channeled into real estate, with 29.6 percent from Singapore and 70.1 percent from the Netherlands. From the year’s beginning to February 20, HCM City saw 22 existing projects have US$53.3 million added to their registered capital. Foreign investors also spent US$169.5 million on capital contributions to or share purchase in local firms during the time, data showed. Vietnamplus … [Read more...] about HCM City: Two-month foreign investment stands at US$337.8 million

The Hanoitimes - Both governments are advised to take a proactive approach to trade and investment and realize this potential. The year 2020 marks the 42nd anniversary of India-Vietnam bilateral trade. Vietnam and India have shared strong bilateral relations historically, and for the past two decades, trade between the two countries has risen considerably. These economic ties have materialized into several Indian investments in Vietnam in various sectors. India's Prime Minister Narendra Modi and Vietnam's counterpart Nguyen Xuan Phuc The enormous volatility in the global trade environment has pushed businesses into diversifying their supply chains away from China, which has increased the importance of the India-Vietnam trade route for international business. India, which is one of the fastest-growing economies in the world, currently ranks fifth globally in terms of GDP. The ASEAN-India Free Trade Area (AIFTA), which Vietnam is a part of, was established in … [Read more...] about Vietnam – India: Increasing trade and investment relations