According to the Foreign Investment Agency under the Ministry of Planning and Investment, there are currently 34,898 valid FDI projects worth 426.14 billion USD in Vietnam.

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In the first half of this year, the country lured 16.03 billion USD in FDI, of which the sector accounted for 8.84 billion USD, or 63% of the total.

The sector has been attractive to the world’s major groups such as Samsung, LG, Canon, Honda, and Toyota, reflected through their continuous expansion of investment in Vietnam.

Notably, the Republic of Korea (RoK)’s Samsung Group, which was officially licensed to invest in Vietnam with the Samsung Electronics Vietnam factory in Bac Ninh province, has expanded their operations to other localities, including Hanoi, Thai Nguyen province, and Ho Chi Minh City.

Andrew Lee, Korean Desk Manager at Savills Vietnam, said that the Korean business community appreciates Vietnam’s process manufacturing sector thanks to the country’s advantages in labour force, political stability, and inclusive and extensive international integration.

To make FDI projects in the sector effective, economists are advising Vietnam to be stricter in selecting projects to attract those with good financial potential, less labour intensive, and bringing about high added value.

Bac Giang lures total investment of 995 million USD

(BGO) – Since early this year, Bac Giang province has attracted total newly and added investment capital of 995 million USD, expanding 1.3 folds year on year, reported local competent sector.

Vietnam – attractive investment destination for RoK investors

Vietnam is a destination chosen by investors from the Republic of Korea (RoK) in the spheres of technology, environment and high-tech industry, heard a conference in Ho Chi Minh City on July 22.

Bac Giang grants investment registration certificate for project worth over two trillion VND

(BGO) – The Industrial Park Management Board in Bac Giang province has issued Investment Registration Certificate to Hongkong investor Ja Solar Investment Limited (China).

Bac Giang enhances trade promotion and investment attraction

(BGO) - The Young Entrepreneur Association (YEA) in Bac Giang province has recently held trade and investment promotion conference in 2022 to enhance activities to connect business persons and member businesses of the YEA; exchange experience in trade and investment promotion between enterprises toward higher production and business efficiency.

Overseas Vietnamese businesses in Thailand seek investment opportunities in Bac Giang

(BGO)- The provincial People’s Committee of Bac Giang province on July 10 received the delegation of overseas Vietnamese entrepreneurs in Thailand seeking investment opportunities in the province. The delegation was headed by Phan Chi Thanh, Vietnam’s ambassador to Thailand. 

Source: VNA