Vietnam attracts US$20 billion FDI in six months

SGGP
The country has attracted more than US$20 billion in foreign direct investment (FDI) in the first six month of this year, according to the Ministry of Planning and Investment at a conference on technology transfer in the FDI sector in Hanoi on June 25.

Manufacturing precision products in Saigon Precision Company Ltd. Misumi Group Inc

Manufacturing precision products in Saigon Precision Company Ltd. Misumi Group Inc

There were over 1,300 projects newly granted investment certificates, 507 projects registered to adjust investment capital, and 2,700 capital contributions and share purchases by foreign investors.
To date, the country has attracted nearly 26,000 projects with a registered capital of US$326 billion USD. Disbursement is estimated at 180 billion USD.
Over the past 30 years of foreign direct investment (FDI) attraction, the FDI sector has had an important role in the economic growth of the country, said Deputy Minister of Planning and Investment Nguyen The Phuong.
58 percent of foreign investments focus on processing and manufacturing, representing 50 percent of industrial production value.
The relationship between FDI and Vietnamese businesses have not been closely to boost the supporting industries of Vietnam. Technology transfer, management experience and contribution to the State budget did not meet the expectation.

By HA MY – Translated by Kim Khanh

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.