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.
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.
FDI capital increases sharply in July

FDI capital increases sharply in July

Foreign direct investment (FDI) capital in July increased strongly compared to the previous months, only lower than that in April and higher than the same period last year.
The production of electrical equipment at Nidec Tosok Company in Tan Thuan Export Processing Zone in Ho Chi Minh City. (Photo: SGGP)

FDI capital flow heads to Vietnam

The Japanese Government has just announced a list of 30 Japanese enterprises receiving support packages when relocating their investments to Vietnam. Most of them are enterprises operating in the field of manufacturing, processing, and medical equipment. Of which, there are large-scale enterprises, such as Hoya Group, Matsuoka Group, Meiko Co., Ltd., and Nikkiso Co., Ltd.
HCMC miraculously posts positive growth in first six months

HCMC miraculously posts positive growth in first six months

Amid several difficulties due to the Covid-19 pandemic and decreasing oil price that have caused many countries to fall into a crisis, the fact that Ho Chi Minh City still managed to post positive economic growth in the first six months of this year is a miracle, said Mr. Huynh Van Hung, Director of the Department of Statistics of HCMC, at a press conference to announce the city’s socio-economic data in the first six months of this year.
Foreign investment capital thrives in June

Foreign investment capital thrives in June

According to the Foreign Investment Agency under the Ministry of Planning and Investment, foreign investment in Vietnam in the first six months was only US$15.67 billion, accounting for 84.9 percent of that in the same period last year. Of these, $8.44 billion came from 1,418 newly registered projects, up 13.8 percent over the same period.