The report highlights that Vietnam, along with Thailand and India, is considered the Asian country that has made the most progress in terms of business environment development.

Vietnam shows significant improvement in the business environment.

Thailand leaped 10 places and India six. Meanwhile, Singapore topped the rankings.

In the first four months of this year, FDI channeled into Vietnam neared 8.9 billion USD, with new capital surging after a slight decrease in the first three months.

According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), there were 750 new projects granted with investment licences worth over 4.1 billion USD, up 65.2% and 11.1% annually, respectively.

A total of 386 projects had their capital added for a total of 1.66 billion USD, a 19.5% increase in quantity and reduction of 68.6% in value against the same period last year. The growth, despite the associated decrease, reflected investors’ confidence in Vietnam’s business climate and decisions to expand their existing projects.

Also in the four months, foreign investors did 1,044 transactions of capital contribution and share purchases, with their contributed capital exceeding 3.1 billion USD, up 70.4% year-on-year. They invested in 18 economic sectors, mostly in processing and manufacturing with over 5.1 billion USD or 57.8% of their total investment.

The number of countries and territories investing in Vietnam in the period amounted to 77. Singapore took the lead by pouring close to 2.2 billion USD into the market, followed by Japan with nearly 2 billion USD and China with 752 million USD.

Over 21,270 farmer households in Bac Giang city recognized as good production and business

(BGO) – More than 21,270 out of 23,447 registered turns of farmers in Bac  Giang city (Bac Giang province) have been qualified as good production and business households at all levels since 2018.

Bac Giang urged to remove difficulties in business, production and public investment

(BGO) – The Government working delegation led by Member of the Central Party Committee, Minister of Industry and Trade Nguyen Hong Dien on May 11 paid a visit to Bac Giang province about the business, production, public investment, infrastructure construction, export and import. 

Registered capital for business establishment increased by 31%

(BGO) – According to the Department of Planning and Investment, 595 new businesses were established in the first four months in Bac Giang province with registered capital of over 11.7 trillion VND (499 million USD), up 31 percent year on year.

Reducing loan interest rates an important policy to support businesses: central bank deputy governor

The State Bank of Vietnam (SBV) has been drastically implementing measures, particularly those to reduce loan interest rates, said its deputy governor Dao Minh Tu at a regular government press conference on May 5, calling it one of the important and practical policies to help businesses.

Newly registered businesses peak in April

The number of new businesses set a record high in April at 15,967, according to the General Statistics Office of Vietnam.

Source: VNA