Da Nang (VNA) - Administrative reform outcomes in the central city of Da Nang have helped the city secure foreign investors’ confidence, contributing to attracting more FDI in the locality. According to the municipal Department of Home Affairs, Da Nang has simplified more than 300 administrative procedures over the past 10 years while implementing 15 projects linking procedures in different sectors and shortening the time for responding to administrative requests by 20 percent in many areas. Thanks to this success, the city has enjoyed fruitful results in FDI attraction. Most recently, authorities granted an investment licence to a semiconductor manufacturing project worth 110 million USD - the second largest foreign-invested project at the Da Nang Hi-tech Park. Called United States Enterprises, the factory will cover a total area of 102,200 sq. m, with the first stage covering more than 61,000 sq. m and costing 66 million USD. Construction is scheduled to commence in the … [Read more...] about Da Nang’s administrative reform efforts pay off
Attract fdi
Vietnam needs high-quality human resources to keep giant investors
Foxconn will manufacture and outsource tablets and laptops at this factory, with a scale of more than 8 million items per year. The project with a total investment of US$270 million is expected to come into operation in the third quarter of 2022. According to the Ministry of Planning and Investment, this $270-million project is just the beginning of the following equally impressive plans of Foxconn. By December last year, Foxconn had invested in Vietnam US$1.5 billion. This year, the company plans to add $700 million and recruits 10,000 new workers. On the same day, the People's Committee of Bac Giang Province also granted investment registration certificates to three other projects. They were the project of Ja Solar PV Vietnam photovoltaic cell technology of Hong Kong’s investor Ja Solar Investment Limited, Risesun New Material Vietnam Factory project, and Kodi New Material Vietnam Factory project of Singapore’s Risesun Investment Pte. Ltd. The total investment capital of … [Read more...] about Vietnam needs high-quality human resources to keep giant investors
Bình Dương is a magnet for foreign investors
Workers inside TPR Việt Nam Limited Company at the VSIP II Industrial Park in Bình Dương Province, which is among the locomotives driving the southern key economic zone.—VNA/VNS Photo Hải ÂuViet Nam News BÌNH DƯƠNG – As one of the fastest growing provinces in the key southern economic zone, Bình Dương is among the hottest investment destinations in the country. … [Read more...] about Bình Dương is a magnet for foreign investors
