Page 2 - Fdi Projects News Today

The physical absence of certain foreign investors is slowing down procedures and hampering planned construction projects.

Many localities are waiting for more specific criteria for the attraction of high-profile foreign-led initiatives.

Vietnam will set up a support fund to encourage and lure strategic investors and multi-national groups, making it more attractive in attracting foreign direct investment, as the National Assembly recently approved a resolution on applying additional corporate income tax in accordance with the Global Anti-Base Erosion Rules (global minimum tax).

Nearly 28.85 billion USD in foreign direct investment (FDI) was registered as of November 20, rising 14.8 per cent year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Huge projects are contributing to creating a rapid change in the provincial rankings for foreign-invested capital, with many emerging localities recording significant successes.

The southern province of Ba Ria-Vung Tau has attracted 20 foreign-invested projects worth 751 million USD since the beginning of this year, five projects higher and a 2.78-fold increase in capital compared to the same period last year.

While some southern localities have fulfilled their targets for FDI attraction, the clock is ticking for many others to complete their goals since there are only 1.5 months left to the end of 2023.

Vietnam’s overseas investment approximated 416.8 million USD during the first nine months of 2023, rising 4.6 per cent year on year. Over 244.8 million USD was registered for 84 new projects, equivalent to 70.5 per cent of the value posted in the same period last year. More than 170 million USD was added to 18 existing ones, surging 3.3-fold. Among the 24 countries and territories recording Vietnamese investments during the period, Canada took the lead. It was followed by Singapore, Laos, and ...

Despite difficulties and challenges, the capital city of Hanoi has still lead the nation in foreign direct investment (FDI) attraction over the past years, drawing 2.53 billion USD in the first nine months of this year.

The northern province of Thai Nguyen has been implementing diversified and synchronous solutions to engage foreign capital, making the province a successful destination for investors.