Page 5 - Fdi Projects News Today

There had been 1,643 Vietnamese-invested valid projects in foreign countries with a total capital of 21.93 billion USD as of late April, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Foreign investors still put their trust in the Vietnamese economy, but it is important to take measures for sustaining the upward trend in foreign direct investment (FDI), an expert has said.

The northern port city of Hai Phong on May 9 granted investment registration licenses to a project to build Berths No.7 and 8 at Lach Huyen deep-water port area, and three others in the city’s industrial parks.

Vietnam’s legal framework and management mechanism related to foreign indirect investment have gradually developed to contribute to the completion and stabilisation of capital and financial markets.

Indonesia has amassed 328.9 trillion IDR (22.4 billion USD) in investment in the first quarter of this year, up 16.5 per cent year-on-year, according to the countrys Investment Minister Bahlil Lahadalia.

Three foreign groups unveiled their plans to pour 3.7 billion USD into Vietnam at the Prime Minister’s meeting with foreign investors in Hanoi on April 22, reported the Ministry of Planning and Investment.

The nation attracted approximately US$8.88 billion of foreign direct investment (FDI) during the opening four months of the year, equivalent to 82.1% of the amount recorded during the same period from last year, according to the Ministry of Planning and Investment (MPI).

The management board of industrial zones in the northern province of Bac Ninh on April 17 held an investment promotion conference to introduce to enterprises from Taiwan (China) the local business climate as well as policies to attract investors and develop industrial infrastructure.

Italy's watchdog temporarily blocked ChatGPT at the end of March over data privacy concerns, becoming the first Western country to take action against the popular artificial intelligence (AI) chatbot. ChatGPT caused a global sensation when it was released last year for generating essays, songs, exams and even news articles from brief prompts.

Attracting smaller foreign projects may be the path to take for Vietnam as a worldwide minimum corporate tax rate kicks in, affecting the plans of major corporations.