Vietnam is witnessing a significant shift in the quality of foreign direct investment (FDI) projects pour into the country as an increasing number of high-tech and pioneering industrial companies move into the country to expand operations.
Ho Chi Minh City attracted 2.9 billion USD in foreign direct investment (FDI) from the beginning of this year to June 20, a year-on-year increase of 30.7%.
Hanoi has compiled a plan on attracting between 30 and 40 billion USD worth of foreign direct investment (FDI) during the 2021-2025 period, Deputy Director of the municipal Department of Planning and Investment Vu Duy Tuan told a working session with local authorities on April 19.
Hanoi authorities have requested that the management board of local industrial parks (IPs) inspect all IPs and make appropriate development recommendations in line with the capital’s planning, Nguyen Manh Quyen, Vice Chairman of the municipal People’s Committee, has said.
The Vietnamese Government always rolls out red carpet for US-based Gen X Energy’s high-tech projects which are friendly with the environment, said Deputy Prime Minister Vuong Dinh Hue on September 9.
The northern province of Vinh Phuc has worked to improve business environment and enhance provincial competitive capacity in a move to attract more foreign and domestic investments to the locality.
The southern provinces of Binh Duong and Dong Nai have given top priority to projects with high added value and rolled out the red carpet for investors with technological breakthroughs.
The northern province of Vinh Phuc has exerted various efforts towards international integration, attracting many foreign investors with high technology and helping to boost its socio-economic development.
Leading destinations for the flow of foreign direct investment (FDI) such as Ho Chi Minh City, Dong Nai, Binh Duong and Ba Ria-Vung Tau provinces, have been shifting their focus to investment quality after 30 years attracting foreign capital.
The southern province of Dong Nai attracted 902 million USD in foreign direct investment (FDI) in the first six months of the year, accounting for over 90 percent of the yearly plan and up 48 percent from the same time in 2017.
The Mekong Delta city of Can Tho will host an investment promotion conference in August to introduce its economic development achievements and potential, as well as policies on investment attraction.
Central Quang Tri province is prioritising investors who want to invest in highly efficient projects in local industrial parks and economic zones, particularly in Quang Tri Southeast Economic Zone.
Dong Nai province called on Japan to land investments in hi-tech projects, support industry development, energy saving, agricultural and industrial processing at an investment promotion conference.
