It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).
Ho Chi Minh City attracted 176.71 million USD in investment capital into the city's export processing and industrial zones in the first two months of 2024, equivalent to 32.13% of the target set for the whole year.
Nestlé Vietnam has decided to invest an additional 100 million USD in its Tri An factory in southern Dong Nai province, lifting total investment capital in the establishment to more than 500 million USD, according to its General Director Binu Jacob.
The gross regional domestic product (GRDP) of the southern province of Tay Ninh is expected to grow 5.5% this year to reach 59.23 trillion VND (2.44 billion USD), the municipal People’s Committee reported.
The attraction of large foreign direct investment (FDI) inflows from the US and Europe, especially into industries with high added value such as manufacturing, technology and pharmaceuticals, is a positive signal about Vietnam’s economic development and international cooperation as well as the country's efforts in improving its position on the global value chain, according to Savills Vietnam experts.
The capital city of Hanoi attracted nearly 2.3 billion USD of foreign direct investment (FDI) in the first seven months of this year, with 233 new projects worth 97.5 million USD and 108 projects permitted to increase investment capital by 193.5 million USD.
The central province of Nghe An attracted 725.4 million USD worth of foreign investment in the first half of this year, ranking 8th among the country’s 63 provinces and centrally-run cities, the provincial People's Committee has said.
The capital city of Hanoi attracted over 1.7 billion USD of foreign direct investment (FDI) in the first four months of this year with 103 new projects worth 35.2 million USD and 50 projects permitted to increase investment capital by 91.8 million USD.
An estimated 445.9 trillion VND (over 18.18 billion USD) of investment capital sourced from the State budget was disbursed in the first 11 months of 2022, equivalent to 74.9% of this year’s target and rising19.9% year-on-year, according to the General Statistics Office (GSO).
Hanoi attracted 1.28 billion USD in foreign direct investment (FDI) in the first 10 months of this year, a rise of 27% year on year, reported the city Department of Planning and Investment.
In view of the important contributions of investment capital to the local economy, Vietnam needs immediate solutions to attract more FDI and strengthen its sources, according to experts.
The inflow of foreign direct investment (FDI) into Ho Chi Minh City hit 3.74 billion USD in 2021, down 14.2 percent year-on-year, according to the municipal Department of Planning and Investment.
The southern province of Long An led the country in attracting foreign direct investment (FDI) capital in the first half of this year, despite the COVID-19 pandemic.
Total new and additional investment capital in Ho Chi Minh City’s industrial and processing zones reached 224.61 million USD in the first quarter of this year, an increase of 66.34 percent year-on-year and representing 40.84 percent of the annual plan.
Myanmar attracted investment capital of over 348 million USD from permitted foreign enterprises in the first quarter of the 2020-2021 fiscal year starting October, according to figures of the Directorate of Investment and Company Administration (DICA).
Investment capital for the first phase of the construction of Long Thanh International Airport in the southern province of Dong Nai was high compared to other international airports, said the State Appraisal Council.
Hanoi has attracted around 25 billion USD in foreign direct investment (FDI) over the last five years, with priority given to quality and sustainable development, figures show.
The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.