Investment

Workers at Hoa Cam industrial zone (Photo: VNA) Da Nang (VNA) – The central city of Da Nang has attracted 11 investment projects into its industrial and hi-tech parks since the beginning of this year, including three FDI projects worth 145.3 million USD and eight domestic-invested ones totaling 188.4 billion VND (8.2 million USD). This is an encouraging achievement for the city’s investment promotion amidst complicated developments of the COVID-19 pandemic, which has greatly affects domestic and international production and business, said Pham Truong Son, head of the management board of Da Nang ’s industrial and hi-tech parks, on June 23. To date, industrial and hi-tech parks in the city have attracted 499 projects, of which 368 are domestic-invested, with a total capital of nearly 26.7 trillion VND, and 131 are foreign-invested, with a total investment of 1.74 billion USD. To help enterprises maintain production and business but still ensure the safety of employees, … [Read more...] about Da Nang draws 11 more investment projects in industrial, hi-tech parks

Electronic component production at a foreign-invested company. The disbursement of FDI capital in the first five months of 2021 was estimated at US$7.15 billion.— Photo congthuong.vn The Ministry of Planning and Investment (MPI) has announced plans to issue more specific criteria for special investment incentives to better attract foreign direct investment (FDI). The ministry is collecting opinions to finalise the draft of the Prime Minister's decision on special investment incentives, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc. Viet Nam needs more specific regulations on special investment incentives, especially for sectors seeking investment under Viet Nam's development plans, create more advantages when negotiating with foreign investors and competing to attract foreign investment, she said. The decision also aims to institutionalise the provisions of the Investment Law and Government Decree No 31/2021/ND-CP on issuing detailed regulations and … [Read more...] about Viet Nam to issue more specific criteria in special investment incentives

Vietnamese investors poured a total of US$21.81 billion into 1,420 valid projects abroad during the opening five months of the year, according to the Ministry of Planning and Investment. Their numerous investment projects largely focus on mining and agro-forestry-fisheries sectors, with Laos, Cambodia, and Russia emerging as the top destinations for Vietnamese capital, making up the lion’s share with 23.7%, 13.1%, and 12.9%, respectively. Total newly and additional investment capital abroad during the reviewed period reached US$546.7 million, a three-fold increase in comparison to the same period from last year. Of the total, there were 21 projects which received investment certificates with a total registered capital of US$143.5 million, equivalent to 88.7% of the figure recorded during the same period last year. Furthermore, local financiers adjusted investment capital for nine projects, with combined additional investment capital reaching US$403.2 million, … [Read more...] about Vietnamese firms invest US$21.81 billion in overseas projects

Police raid the headquarters of ANT Group One Member Co, Ltd, headquartered at 7 CTM Complex Building in Cầu Giấy District.  — VNA/VNS Photo HÀ NỘI  — Police have raided an online foreign exchange investment company for allegedly appropriating property of hundreds of thousands of participants. Initial investigations showed the financial investment platform namely Hitoption.net attracted nearly 970 people who have invested around hundreds of thousands of US dollars. On Tuesday, the police launched criminal proceedings and arrested Nguyễn Thế Dương and Nguyễn Văn Quyền, the leaders of the company, for using computers, telecommunications networks and electronic means to appropriate property. On April 7, the city police discovered the forex and cryptocurrency platform was showing signs of property appropriation. The city police, in co-operation with the Department of Cyber ​​Security … [Read more...] about High-tech police bust virtual investment fraud ring

Electronic component production at a foreign-invested company. The disbursement of FDI capital in the first five months of 2021 was estimated at US$7.15 billion.—  Photo congthuong.vn HÀ NỘI — T he Ministry of Planning and Investment (MPI) has announced plans to issue more specific criteria for special investment incentives to better attract foreign direct investment (FDI). The ministry is collecting opinions to finalise the draft of the Prime Minister's decision on special investment incentives, said Deputy Minister of Planning and Investment Nguyễn Thị Bích Ngọc. Việt Nam needs more specific regulations on special investment incentives, especially for sectors seeking investment under Việt Nam's development plans, create more advantages when negotiating with foreign investors and competing to attract foreign investment, she said. The decision also aims to institutionalise the provisions of the Investment Law and Government Decree No … [Read more...] about Việt Nam to issue more specific criteria in special investment incentives