Disbursement of foreign direct investment (FDI) capital in 2016 was estimated at 15.8 billion USD as of December 26, a record high and up 9 percent on a yearly basis.
Medicines are produced at German-invested B. Braun Vietnam in Hanoi's Thanh Oai Industrial Complex Read (Source: VNA)
Hanoi (VNA) – Disbursement of foreign directinvestment (FDI) capital in 2016 was estimated at 15.8 billion USD as ofDecember 26, a record high and up 9 percent on a yearly basis, according to theForeign Investment Agency under the Ministry of Planning and Investment. The number of projects granted licences in the year toDecember 26 was 2,556 with 15.1 billion USD in total register capital, up 27percent year on year in project number but equal to just 97.5 percent ofcapital. In the same period, 1,225 projects asked to add 5.76 billionUSD to their capital. Meanwhile, foreign investors purchased stakes worth morethan 3.4 billion USD in 2,547 firms and economic organisations. All in all, FDI capital inflow in 2016 totalled 24.4 billionUSD. The FDI sector posted an estimated export value (includingcrude oil) of 125.9 billion USD for the year, up 10.2 percent from 2015 andaccounting for 71.55 percent of the country’s total export revenue. Non-oilexport value was estimated at 123.55 billion USD, an increase of 11.8 percentover 2015 and making up 70.2 percent of the nation’s total export revenue.
The Foreign Investment Agency said the drop in new registeredcapital and additional capital was attributable to a lack of large-scaleprojects.
♕ Two major projects, the 2.5 billion USD Nghi Son 2 powerplant and the 2.5 billion USD Vung Ang 2 power plant, were initially hoped toreceive licences this year, but they have now been delayed to 2017.
While FDI was poured into 19 sectors, the manufacturing andprocessing sector absorbed the biggest share of FDI capital with 63.7 percentor 15.53 billion USD, followed by the automobile and motorbike wholesale,retail and repair with 7.79 percent (nearly 1.9 billion USD), and real estatewith 6.9 percent (1.68 billion USD). Among 95 countries and territories investing in Vietnam in2016, the Republic of Korea led in the term of capital with 7 billion USD (28.8percent of the total). Japan came second with 2.58 billion USD (10.62 percent),and Singapore was third with 2.41 billion USD (9.9 percent). Ho Chi Minh City led cities and provinces nationwide inattracting FDI, absorbing 3.42 billion USD (14 percent of the total). Thenorthern port city of Hai Phong came next with 2.98 billion USD (12.26percent). Hanoi, Binh Duong and Dong Nai followed with 2.79 billion USD, 2.36billion USD and 2.23 billion USD, respectively. Most remarkable among new FDI projects licensed in 2016include the LG Display Hai Phong worth 1.5 billion USD invested by the RoK’s LGDisplay Co Ltd, the 550 million USD LG Innotek Hai Phong, invested by LGInnotek also of the RoK, and the Dam Nha Mac sea port-industrial park complexin Quang Ninh worth 315.46 billion USD invested by CDC of the Cayman Islands.-VNA
Ho Chi Minh City absorbed 3.7 billion USD in new foreign direct investment (FDI) so far this year, including expansion and acquisitions, according to the municipal People’s Committee.
Disbursement of foreign direct investment (FDI) this year in the southern province of Dong Nai has reached 1 billion USD, meeting the target set for the whole year.
The occupancy rate in operational industrial parks (IPs) across the country has reached 73 percent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.
The Solum Vina Company of the Republic of Korea officially inaugurated its factory at the Ba Thien II Industrial Park (IPs) in northern Vinh Phuc province’s Binh Xuyen district on December 26.
The northern province of Vinh Phu should become a development centre of the northern region and the whole country regarding industry, service, tourism, innovative ideas, and agricultural renovation, Prime Minister Nguyen Xuan Phuc has said.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Medicines are produced at German-invested B. Braun Vietnam in Hanoi's Thanh Oai Industrial Complex Read (Source: VNA) 
