The Foreign Investment Agency released data on newly registered, adjusted, and capital contributions or share purchases by foreign investors (FDI) after nine months of 2024.
According to the Ministry of Planning and Investment, in the first six months of this year, foreign direct investment (FDI) in Vietnam reached approximately USD 10.84 billion, marking an 8.2% increase compared to the same period last year. This represents the highest FDI inflow in the first half of the year over the past five years.
The global minimum tax is a matter of great concern for both the international investor community and the host countries. As a destination for significant foreign investment, Vietnam is expected to be significantly affected by the implementation of the global minimum tax, especially in terms of investment promotion, incentives, and support for foreign investors. The global minimum tax is expected to come into effect at the beginning of 2024, and Vietnam needs to quickly implement measures to respond and mitigate the adverse impacts of this new mechanism.
Vice Chairman of the Bac Ninh Provincial People's Committee, Mr. Vuong Quoc Tuan, has recently granted the adjusted investment certificate to Amkor Technology Vietnam Co., Ltd., reflecting an increase of USD 1.07 billion in capital. A Memorandum of Understanding (MoU) was also signed between the Bac Ninh Provincial People's Committee and the Korea Land and Housing Corporation (LH).
Foxconn has just been granted a certificate for a new project in Bac Ninh, continuing its expansion in Vietnam.
Vietnam's foreign direct investment (FDI) surged to $11.07 billion in the first five months of 2024, marking a 2% increase compared to the same period last year, as reported by the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).
The South Korean conglomerate, already a major investor in Vietnam, plans to further expand its presence in the country with new projects in advanced materials, biofuels and ATMs. The move comes as Vietnam solidifies its position as a manufacturing powerhouse in Southeast Asia.
Industrial parks in Bac Ninh province attracted $997.1 million in foreign direct investment (FDI) in the first four months of this year.
According to the Department of Planning and Investment of Nam Dinh Province, as of April 20, 2024, the province has issued new investment registration certificates for 11 FDI projects operating in the processing and manufacturing industry, with a total registered capital of 123.2 million USD.
According to the statistics from the Department of Planning and Investment of Vinh Phuc Province, as of April 15, 2024, the province has issued investment registration certificates for 34 FDI projects, with a total registered capital of $363.08 million USD. This represents a significant increase of 39.74% compared to the same period last year and has reached 90.77% of the set plan.
As of April 20, 2024, Hai Phong has 951 active projects with a total investment capital of $29.97 billion USD. Within industrial parks and economic zones, there are 547 projects with an investment of $26.3 billion USD, while outside of these areas, there are 404 projects with an investment of $3.67 billion USD.
Despite a Decrease in FDI Attraction, Hai Duong Sees a 38% Surge in Total Implemented Capital in the First 4 Months of 2024.
According to the Hanoi Statistics Office, in April 2024, the city had 20 new foreign direct investment (FDI) projects licensed with a total registered capital of $103,9 million. Additionally, there were 14 projects with increased investment capital totaling $57.4 million, and 27 instances of foreign investors contributing capital or purchasing shares, amounting to $15.5 million.
Foreign direct investment (FDI) realized in Vietnam in the first four months of 2024 is estimated at $6.28 billion, marking a 7.4% increase compared to the same period last year. This represents the highest FDI realization in the first four months of the year in the past five years.
According to a recent study by the International Monetary Fund and the University of Copenhagen, approximately 40% of global foreign direct investment is what's known as "phantom capital." This amounts to roughly $15 trillion, equivalent to the combined annual gross domestic product of China and Germany. Over the past decade, phantom investment has grown from 30% to 40%, outpacing the growth rate of global GDP.
From March 18th to 21st, the US-ASEAN Business Council (USABC) led the largest delegation of businesses to Hanoi since the upgrade of the comprehensive strategic partnership between the two countries.
According to the city's Statistical Office, Da Nang, located in central Vietnam, granted licenses to 104 new foreign investment projects with a total registered capital of $151.2 million in 2023.
According to the Da Nang Investment Promotion Agency, there are currently 230 foreign direct investment (FDI) projects from Japan in Da Nang, with a total investment capital of over 1 billion USD, accounting for 25% of the total FDI investment capital in Da Nang. Japanese enterprises have made significant contributions to the economic development and employment creation for thousands of local workers in the area.
Foreign Direct Investment (FDI) realized in Vietnam in 2023 is estimated at USD 23.18 billion, a 3.5% increase from the previous year, marking the highest FDI realization in the past 5 years.
Billions of U.S. dollars of foreign investment have fueled Vietnam’s economic growth over the years, but this has also left its economy dependent on outside forces.
In the first 11 months of 2023, the Index of Industrial Production (IIP) is estimated to increase by 10.5% compared to the same period last year: the manufacturing and processing industry increased by 0.6%; the mining sector decreased by 16.8%; the electricity production and distribution sector increased by 76.8%; and the water supply, management of waste, and wastewater treatment activities increased by 3.4%.
On the morning of December 2nd, Comrade Le Duy Thanh, Provincial Standing Committee Member, Vice Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, attended the groundbreaking ceremony of the new factory of Lioho Machine Works Vietnam Co., Ltd. at Thang Long Industrial Park, Binh Xuyen District. Also present at the ceremony were leaders from several departments and sectors.
As of November 20, 2023, Hai Phong has 913 active foreign-invested projects with a total registered capital of USD 29.42 billion (all-time number).
With strong infrastructure development in industrial zones and clusters, and an improved investment and business environment, Bac Giang continues to be the top choice for domestic and international investors.
Chery Automobile, a leading Chinese automaker, is set to commence large-scale production in Vietnam's Thai Binh province by the close of 2025. They are aiming to manufacture vehicles under its Omoda and Jaecoo brands.
As of July 20, total newly-registered capital, additional capital, and capital contributions and share purchase by foreign investors stood at nearly 16.24 billion USD, up 4.5% compared to the same period of 2022 and 8.8% compared to the first half of the year.
According to the latest data from the Ministry of Planning and Investment, there are currently around 563 industrial parks nationwide, as outlined in the planning of 61 out of 63 provinces and municipalities. Among these, 397 industrial parks have been established, with 292 already operational, covering a total natural land area of over 87,100 hectares, of which approximately 58,700 hectares are designated as industrial land. Additionally, 106 industrial parks are currently under construction, spanning a total natural land area of about 35,700 hectares, with an industrial land area of around 23,800 hectares. The current top five with the highest number of operational industrial parks are:
The foreign investment sector has made significant contributions to Vietnam's economy and society. During difficult economic periods in Vietnam, FDI inflow has been one of the important drivers of growth for the economy.
Until the end of March, 2023, Vietnam attracted in total a whopping of over $444 billion with nearly 36,900 projects. Let's have a look at the Investors which invested AT LEAST 10 billion USD from the start to the time point under consideration!
Vietnam's Q1 2023 FDI inflow saw a significant downturn, dropping by 40% compared to the same period last year, due to the impact of the global economic slowdown. The country's efforts to control the COVID-19 pandemic and maintain business activities have not been enough to counteract the after-effects of the pandemic and the political war on the global economy. Will this trend continue throughout the year?
Curious about Thailand's investment dominance in Vietnam? Discover the top 5 Thai companies making waves in Vietnam's business landscape and their impressive investment success stories. From manufacturing to real estate, these giants are reshaping the business landscape in Vietnam.
Vietnam has become one of the hottest investment destinations in Southeast Asia, attracting billions of dollars in foreign investment every year. But where exactly is all this money going? In this article, we'll take a closer look at the sectors that are receiving the lion's share of foreign direct investment (FDI) in Vietnam. Whether you're an investor looking for new opportunities or simply curious about Vietnam's economic landscape, this article is a must-read!
As the global economy continues to shift and evolve, foreign investors are always on the lookout for new opportunities to grow their portfolios. In this post, we'll explore the top 5 Vietnamese provinces that have attracted the most foreign investment. A range of key metrics are covered, including the total value of investments, the number of projects and some notable individual projects that are driving growth in each region.
Looking for information on foreign direct investment (FDI) companies in Hung Yen Province's industrial parks? Look no further than a comprehensive list of all FDI companies operating in the area. From multinational corporations to smaller businesses, the list provides a complete overview of the companies investing in the province. Whether you're a business owner or an investor looking to break into the market, this list is an essential resource for anyone interested in the economic landscape of the province in Vietnam.
Hung Yen Province in Vietnam has become a prime destination for foreign direct investment (FDI), attracting big investors from all over the world. In this post, we take a closer look at the top 5 FDI investors in the province. From Japan to Hong Kong, these investors are transforming Hung Yen into a hub for manufacturing, technology, and innovation.
According to a report from Reuters, BOE Technology Group Co., Ltd., a major Chinese display manufacturer that supplies companies such as Apple and Samsung, is planning to construct two factories in Vietnam. This move represents a significant investment in Vietnam's burgeoning tech industry, and is expected to provide new opportunities for local businesses and talent. With this development, BOE Technology Group is expanding its global presence and positioning itself for long-term growth in the region. Let's find out more about the news in the post below.
Vietnam saw more than $27.72 billion in foreign direct investments pumped into different sectors across provinces in 2022. Let's have a look at some of the outstanding industrial projects of the year.
Vietnam has emerged as a major destination for foreign investment in recent years, with investors from around the world flocking to the country to take advantage of its growing economy and favorable business climate. In this article, we'll explore the top 5 all-time foreign direct investment (FDI) investors in Vietnam, looking at which countries have invested the most in term of investment value, number of projects, etc.
Vietnam's first-ever foreign direct investment (FDI) project marked a turning point in the country's history, paving the way for its transformation into a major player in the regional economy. In this article, I delve into the story of this groundbreaking project, from its humble beginnings to its lasting impact on Vietnam's economic development. Join me on a journey to discover the origins of FDI in Vietnam and the key moments that made it a success.
Global semiconductor makers are betting on Vietnam as their next production destination with the country being considered ready for a move up in the value chain.
2022 marks the 34th anniversary of Vietnam officially opening its doors to the first wave of direct foreign investment and becoming a bright spot for attracting FDI investors from around the world.
On the morning of August 31, at the Presidential Palace, President Nguyen Xuan Phuc received Lotte Group Chairman, Mr. Shin Dong-bin, who is on a working visit to Vietnam.
In a recent report from The New York Times, Google plans to move assembly of its Pixel 7 phones from Foxconn’s facilities in southern China to Vietnam.
Many multinational conglomerates such as Panasonic, Boeing, and Bosch have been committed to expanding their investment and maintaining long-term business in Vietnam, while also recommending solutions to better the investment environment in the country, a conference heard.
On 27 July 2022, Huali Industrial Group finalized a land sublease agreement with WHA to open a manufacturing facility in Nghe An.