Selecting high-quality foreign direct investment (FDI) projects is essential to economic growth, Minister of Planning and Investment Bui Quang Vinh has said.
Hanoi (VNA) ๊– Selecting high-quality foreign direct investment (FDI) projects is essential to economic growth, Minister of Planning and Investment Bui Quang Vinh has said.
FDI has been generating jobs for millions of workers, he said, citing as an example Samsung Electronics Vietnam Thai Nguyen (SEVT) which employs over 200,000 workers.
According to the Ministry of Planning and Investment’s Foreign Investment Agency, FDI businesses play a crucial role in the local economy as they create jobs for nearly 3 million workers and make up over 20 percent of the country’s total investment capital.
FDI firms active in the northern province of Bac Ninh, Ho Chi Minh City and Binh Duong province are significant contributors to domestic GDP.
Statistics from the Foreign Investment Agency show that Vietnam drew more than 22.7 billion USD in newly registered and additional capital in 2015, up 12.5 percent against 2014.
Foreign businesses are pumping investment into 19 sectors, especially industrial processing and manufacturing, which attracted 955 newly-registered investment projects and 517 with additional capital worth a combined 15.23 billion USD last year, accounting for 66.9 percent of the total registered investment.
Sixty-two nations and territories are running investment projects in Vietnam. The Republic of Korea leads with 702 newly-registered projects and 269 with additional capital totaling 6.72 billion USD, making up 29.6 percent of the total investment capital in Vietnam.
Malaysia and Japan are in second and third with 2.47 billion USD and 1.84 billion USD, accounting for 10.9 percent and 8.1 percent of the total investment capital in Vietnam.
The foreign investment sector also recorded 115.1 billion USD in exports (including crude oil) last year, an annual increase of 13.8 percent, making up 70.9 percent of Vietnam’s total export turnover.
Experts said Vietnam has favourable conditions to become a strategic investment destination for both multi-national groups and small and medium-sized enterprises as the country is a partner of 55 global economies in free trade agreements, with over 90 percent of tariff lines having been cut to zero percent.
Head of the Foreign Investment Agency Do Nhat Hoang revealed that there will be more preferential policies for businesses, particularly regarding corporate income tax, import tax and land lease costs.
The Ministry of Planning and Investment will continue to call on foreign companies to invest in high-quality projects while embracing links between FDI businesses and domestic partners, he noted.-VNA
The southern province of Dong Nai attracted 57 foreign direct investment (FDI) projects with registered capital of over 1.1 billion USD in the first seven months of this year.
The supporting industry makes up approximately 80 percent of newly-licensed FDI projects in southern Dong Nai province, said the provincial Department of Planning and Investment.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
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.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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.
Samsung Electronics Vietnam (Source: baodautu.vn)
