Fdi

Illustrative image (Photo: baoquocte.vn) Hanoi (VNA) - Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, a recent forum in Hanoi heard. The Ministry of Foreign Affairs and Vietnam Economic Times co-held the Connections for Development Forum 2021 held late last month, with the theme “Seizing New Opportunities for Localities and Businesses”. Addressing the forum, Deputy Prime Minister Pham Binh Minh said that Vietnam is emerging as an attractive investment destination in Asia and its nation brand value is growing at the fastest rate in the world, rising nine places to 33rd in the top 100 nation brand rankings. The FDI sector has become an important driver of Vietnam’s economic growth, with its contribution to GDP rising considerably, he noted. As of December 2020, Vietnam had a total of 33,070 FDI projects worth over 384 billion USD, with 231.86 billion USD, or … [Read more...] about Vietnam – A safe destination for development of FDI

The southern province of Tay Ninh has become a "promised land" for foreign investment, and at the same time, foreign direct investment (FDI) has contributed to the development of Tay Ninh's economy. Strictly implementing the Government's Resolution No. 02 on improving the business environment, Tay Ninh has applied the one-stop mechanism in business establishment to shorten the time for implementing administrative procedures, create a favorable business environment, support effective start-ups, and improve competitiveness of local businesses. Tay Ninh's investment environment has become more attractive in the eyes of domestic and foreign investors. Tay Ninh has been moving forward in the Provincial Competitiveness Index (PCI) in recent years. Compared to the previous period, the number of newly registered enterprises in Tay Ninh and the investment capital attracted by the province have both risen. Workers at a foreign-invested factory. As of April 2021, Tay Ninh had … [Read more...] about Tay Ninh: ‘promised land’ for foreign investors

Vinamilk invested US$150 million to build a dairy farm complex in Laos to proactively supply raw materials. (Photo: SGGP) Back to domestic supply Mr. Tran Viet Anh, Vice Chairman of Ho Chi Minh City Union of Business Associations, said that the prices of imported plastic materials delivered in April rose by more than 30 percent compared to the end of last year. In May, the price of ABS plastic pellets set a record high after advancing for 12 consecutive months, up about 130 percent-145 percent, depending on the market. In addition, other plastic materials, such as GPPS and HIPS plastic pellets, also increased from 100 percent to 120 percent. This price increase has stunned many enterprises amid the context that the purchasing power is declining. Mr. Nguyen Dang Hien, Vice Chairman of Ho Chi Minh City Food and Foodstuff Association, also informed similarly but said that there was good news. Previously, food processing enterprises had to import up to 60 percent of raw … [Read more...] about Many enterprises return to domestically-made raw materials

Malaysian International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali (Photo: Reuters) Kuala Lumpur (VNA) - The Ministry of International Trade and Industry (MITI) of Malaysia expects the country to achieve higher total approved investments in 2021 compared to last year. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said there were some positive signs showing that the economy was in a recovery stage and that the government's stimulus packages prove effective. By the second quarter of this year, the country has recorded almost 100 billion RM (24 billion USD) of approved investment in manufacturing, services and primary sectors, he said. This is a quite optimistic signal, he noted, adding that Malaysia will be able to achieve a very impressive investment level, including foreign direct investment (FDI). Last year, Malaysia managed to record 164 billion RM in total approved investments amid the global COVID-19 … [Read more...] about Malaysia hopes for higher investment in 2021

Rice – shrimp farming fields in Bạc Liêu Province’s Hồng Dân District. – VNA/VNS Photo Chanh Đa BẠC LIÊU – The Cửu Long (Mekong) Delta province of Bạc Liêu plans to expand large-scale production and the use of advanced techniques to improve agricultural yield and quality and raise farmers' incomes from now to 2025. The province’s People’s Committee targets production of 1.17 million tonnes of paddy, including 190,240 tonnes of organic paddy, a year by 2025. It plans to expand large-scale rice fields to 100,000ha, or about half of the province’s total rice area. Farmers participating in large-scale rice fields will have contracts with rice companies that will ensure stable prices. It also plans to produce 600,000 tonnes of seafood a year by 2025, with half of that being shrimp. About 20,500 tonnes of organic shrimp will be produced a year by 2025. It targets breeding more pigs, buffalo, cows and goats, and 3.5 million poultry a year by 2025. The province, which is the delta’s … [Read more...] about Bạc Liêu to expand large-scale agricultural production, raise farmers’ incomes