Wind turbine construction in Bac Lieu Province. (Photo: SGGP)

Investment attraction in Mekong Delta flourishes

Recently, the situation of investment attraction in the Mekong Delta has had positive changes. Many large projects with investment capital from trillions of Vietnamese dong to tens of trillions of Vietnamese dong have landed in the rice granary in the West, creating new directions, contributing to promoting economic development.
Agricultural exports to EU increase

Agricultural exports to EU increase

According to the Ministry of Agriculture and Rural Development (MARD), after implementing the EU-Vietnam Free Trade Agreement for two months, the export of agricultural products to the EU has seen positive changes with the total agricultural export value from August 1 to the end of September estimated at US$711 million. 
Mr. Nguyen Thanh Phong, Chairman of the Ho Chi Minh City People's Committee, exchanges with domestic enterprises about the capability of supplying supporting industry products for FDI enterprises. (Photo: SGGP)

Foreign direct investment capital into Vietnam increases thanks to FTAs

Generally, in the first nine months of this year, the total foreign investment capital into Vietnam reached US$21.2 billion. Of which, there were 1,947 newly-licensed projects. Many economic experts affirmed that the free trade agreements (FTAs) that Vietnam has already signed and will sign this year are accelerating the flow of foreign investment to Vietnam.
People go shopping at Aeon Mall, a supermarket invested by a Japanese enterprise. (Photo: SGGP)

FTAs lure foreign investment capital into Vietnam

As of early September this year, the total foreign investment in Vietnam reached US$19.5 billion, down 13.7 percent over the same period last year. However, among 1,797 newly-licensed projects, the registered capital reached $9.7 billion, up 6.6 percent in registered capital over the same period last year. This shows that the new-generation investment attraction policies have been gradually brought into play.
A Japanese-invested firm in Vietnam (Photo: SGGP)

Singapore institute: Int’l trade, FDI turn VN into one of most open economies

Vietnam’s robust economic performance over the past three decades has been heavily dependent on exports and foreign direct investment (FDI), with foreign invested companies accounting for 67.8 percent of the country’s total export turnover in 2019, according to the Institute of Southeast Asian Studies (ISEAS) of Singapore.

Garment production for export at Nha Be Garment Corporation. (Photo: SGGP)

Several optimistic signs support Vietnam’s stock market

Although the Covid-19 pandemic still negatively affected Vietnam’s stock market, as well as many countries around the world, Vietnam's stock market is recovering with good liquidity, showing that many positive factors have appeared.
The Samsung Vietnam project in the Saigon Hi-tech Park in Ho Chi Minh City. (Photo: SGGP)

New ways of foreign investment attraction needed

The representative of Samsung Vietnam recently confirmed that it is not true that Samsung may transfer a part of its smartphone production from Vietnam to India. Samsung's factories located in Bac Ninh and Thai Nguyen provinces are operating normally and Samsung Vietnam continues to be the group's global production base.
Handbag production at Binh Tien Company in Dong Nai Province. (Photo: SGGP)

Optimistic signs for leather, footwear industry

Like other industries, the leather and footwear industry has also encountered many difficulties due to the influence of the Covid-19 pandemic. However, according to many experts, with the pandemic being controlled fairly well and the EU-Vietnam Free Trade Agreement (EVFTA) taking effect from the beginning of August, the leather and footwear industry will recover soon.
Producing barcode reading equipment at Datalogic Vietnam in Saigon Hi-tech Park. (Photo: SGGP)

Opportunities to welcome high-quality FDI capital with EVFTA

The capital flows from Europe are expected to move into Vietnam more when the EU-Vietnam Free Trade Agreement (EVFTA) takes effect from August 1. However, to attract capital from this area, it requires the Government to improve the investment environment further.