Higher-quality FDI flows expected to pour into Vietnam
It is forecast that higher-quality FDI will pour into Vietnam in the near future, mostly in clean energy, hi-tech agriculture and mechanical engineering.
Hanoi (VNA)ౠ – It is forecast that higher-quality FDI will pour intoVietnam in the near future, mostly in clean energy, hi-tech agriculture andmechanical engineering.
Asmany as 15.4 billion USD in FDI was disbursed in the first ninemonths of 2022, up 16.2% year on year and 5.7 percentage points from the figure in the pasteight months. Asof September 20, the total new, adjusted and contribution of capital for sharepurchases by foreign investors topped 18.7 billion USD, down 15.3% from the sameperiod last year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. In the nine months of this year, there were 1,355 new licensed projects with a totalcapital of 7.12 billion USD, up 11.8% in volume but down 43% in value. FIA attributed the decrease in capital to limited travelling during COVID-19 pandemic at thebeginning of this year, making it difficult for foreign investors from flying to Vietnamto seek opportunities. The geo-political conflict in Europe, mounting inflationpressures, and disruption in global supply chains have also badly affected majoreconomies’ outbound capital flows, especially Vietnam’s investment partners. Meanwhile,adjusted capital and contribution of capital for share purchase recordedincreases. Up to 769 projects were permitted to adjust capital worth 8.3 billion USD in total, marking a13.4% rise in volume and 29.9% increase in value. Foreign investors made 2,697 capitalcontributions to buy shares with 3.28 billion USD, down 4.7% in volume and up1.9% in value. Ministerof Planning and Investment Nguyen Chi Dung affirmed many times that in order towelcome new investment flows, Vietnam needs to stay ready in terms of land, humanresources, infrastructure while keep improving its institutions andbusiness environment. Accordingto the minister, it is necessary to launch investment promotion campaigns to assureinvestors that Vietnam is a safe and trustworthy investment destination. State management agencies, localities andbusiness associations need to evaluate opportunities and challenges, businessand market trends to offer consultancy to member enterprises, he said./.
A recent strong influx of foreign direct investment (FDI) to Vietnam has prompted the government to design long-term policies and create a favourable and transparent environment for foreign investors to operate in a long term in the country, according to experts.
Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown.
Processing - manufacturing and real estate are the biggest magnets for foreign direct investment (FDI) in the first nine months of 2022, statistics showed.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Photo: VNA) 
