With the addition, Samsung Electro-Mechanics has raised its total investment in the Yen Binh industrial park in Pho Yen town to nearly 52 trillion VND (2.27 billion USD).

A view of Thai Nguyen city.

Thai Nguyen attracted 924 million USD of FDI in January - February, accounting for nearly 18.5 percent of the total FDI poured into the country in the period.

Last year, Thai Nguyen granted new licenses to and approved the addition of capital for 27 foreign-invested projects with a total registered capital of over 1 billion USD, lifting the number of FDI projects in the locality to 170 valued at 9.67 billion USD.

Meanwhile, it is now home to 800 domestic projects totaling over 143 trillion VND (over 6.25 billion USD).

To promote investors’ confidence and attract more investment inflows, provincial authorities have focused on solutions to improve the investment environment, increase its provincial competitiveness and better the efficiency of foreign investment in the locality.

Attention has been paid to developing transport and industrial infrastructure, expanding industrial parks and clusters, building database serving investment promotion.

Expert highlights three factors helping Vietnam secure FDI inflows

Low labour cost, favourable geographic location and the expansion of investment abroad are three key factors helping Vietnam secure its foreign direct investment (FDI) attraction, according to Chief economist VinaCapital Michael Kokalari.

Bac Giang provincial leader extends Tet greeting to FDI enterprises

(BGO) – On January 10, Vice Chairman of Bac Giang provincial People’s Committee (PPC) Le O Pich led a delegation with several departments and sectors to visit and extend Tet greeting to some foreign direct investment (FDI) businesses in Bac Giang and Bac Ninh provinces.

FDI tops 31 billion USD in 2021

The total new, adjusted capital and share purchases by foreign investors reached 31.15 billion USD as of December 20, up 9.2 percent annually, reported the Foreign Investment Agency.

HCM City: FDI enterprise pays highest Tet bonus of nearly 1.3 billion VND

The highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at 1.3 billion VND (nearly 57,000 USD) in a foreign-invested business in Ho Chi Minh City, according to the municipal Department of Labour, Invalids and Social Affairs.

FDI firms optimistic about Vietnam’s economic recovery

Foreign-invested enterprises have shown optimism about the recovery of Vietnam’s economic and investment climate during a conference on supporting foreign investors to adapt to new normal business situation that took place in Ho Chi Minh City on December 17.

Source: NDO/VNA