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In the first seven months of this year, Vietnam’s total investment abroad neared 358.76 million USD, or about 63% against the figure in the same period of 2021.
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About 46.2 trillion VND (nearly 1.98 billion USD) of investment sourced from the State budget was disbursed in July, up 22.5% from a year earlier, according to the General Statistics Office (GSO).
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Prime Minister Pham Minh Chinh chaired a dialogue with the Republic of Korea (RoK)’s Ambassador Park Noh-wan and representatives of Korean associations and businesses in Vietnam in Hanoi on July 30.
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FDI disbursement in Vietnam reached 11.57 billion USD in the first seven months of this year, up 10.2% compared to the same period last year and over 1.3 percentage point against the first half of this year.
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Vietnam’s process manufacturing sector has to date attracted 252 billion USD in foreign direct investment (FDI), accounting for nearly 60% of the total foreign capital poured into the Southeast Asian country.
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A group of large enterprises of Thailand is to make a visit to Vietnam to seek investment opportunities, Kongkiat Opaswongkarn, General Director of Thailand’s Asia Plus Group Holdings PCL said at an event on July 26.
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Low wages are a large reason why so many manufacturers have moved to Vietnam in the last decade.
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The province aims to lure investment to fields suitable to the potential and advantages of each country.
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The leaders of the two localities agreed to increase delegations working back and forth and strengthen exchanges and cooperation in the spirit of the signed memorandum and agreement.
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A delegation from Hai Duong province, led by Chairman of the provincial People’s Committee Trieu The Hung, is attending many investment and trade promotion activities in Japan.
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That was the direction of Mr. Pham Xuan Thang, Member of the Central Party Committee, Secretary of the provincial Party Committee, Chairman of the provincial People's Council, at the 67th meeting of the provincial Party Committee’s Standing Board on July 1 morning.
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An increase in project investment was proposed in the context of rising costs of site clearance and raw materials.
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The South Korean businesses are expected to invest in hi-tech agriculture and preliminary processing to heighten the value of the province's agricultural products.
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Hai Duong is completing the provincial planning, integrating many locations whose strengths in energy production and logistic investment can be exploited.
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Vietnam has about 335 industrial parks across the country together with 17 economic zones, which play an important role in investment attraction and State budget collection.