Attendees the event included 30 enterprises on the list of those receiving funding from the Japanese government to diversify their supply chains.

Along with a warm welcome for pouring their capital into the industries that Vietnam is looking to promote, Japanese enterprises also received Prime Minister Nguyen Xuan Phuc’s pledge to create every favourable condition for their business in Vietnam in order to bring benefits to both sides.

Significant progresses and increasing fruitfulness have witnessed in Vietnam-Japan economic cooperation in recent years.

Significant progresses and increasing fruitfulness have witnessed in Vietnam-Japan economic cooperation in recent years, especially in the area of investment. Japan has always been one of the largest foreign investors in Vietnam, with more than 2,500 companies currently operating in Vietnam, including many large economic groups with great success and which are showing interest in expanding their investment in Vietnam.

Therefore, the Vietnamese government leader’s direct involvement in investment promotion activity with Japanese enterprises at a time when foreign direct investment and the global supply chain are seeing a strong shift has shown Vietnam’s proactiveness and readiness to seize on this good opportunity.

Moreover, successes in Vietnam-Japan investment cooperation in recent years have further strengthened the international business community’s confidence, as well as bolstered high-quality investment flows, considering Vietnam as a destination. Vietnam currently has a huge demand for development investment towards becoming a wealthy country and FDI is one of the resources to realise this aspiration.

Along with prompt revisions to investment and business laws, Vietnam is also changing its FDI strategy to focus on quality instead of quantity. Although global FDI is likely to plummet by up to 40% this year, investment in Vietnam in the first eight months of 2020 fell by just 13.7%.

Since its establishment two months ago, the special working group on FDI has worked with many global technology companies planning to invest from US$500 million and above in Vietnam. It has been suggested that quarantine will be waived for executives travelling to Vietnam on private planes in order to facilitate the negotiation process.

Investors from around the world are turning their attention to Vietnam as a destination for the post-coronavirus new normal period. With strong efforts and determination to enhance its competitiveness with other neighbouring countries in receiving a wave of shifting FDI flows, the Vietnamese market is large enough for ambitious investment plans.

Public investment aims towards sustainable development and benefits for people

The public investment plan for 2021 and the 2021-2025 period should aim towards sustainable development and bring benefits to the people.

Investment attraction to Bac Giang province increases 27.8 percent in first 8 months

(BGO) – According to the Department of Planning and Investment in Bac Giang province, the province attracted total investment of 77.7 million USD in August 2020, accounting for 52.5 percent of the same period last year.

German newspaper highlights Vietnam as attractive investment destination

German tape manufacturer Tesa plans to build a EUR55 million factory in Northern Vietnam in an effort to expand its production as from 2023, according to Germany’s Handelsblatt newspaper.

Public investment disbursement accelerates in July

The amount of public investment disbursed in July reached a record high, raising the total disbursement figure for the first seven months of 2020 to VND194.2 trillion (US$8.4 billion).

Luc Ngan prioritises investment in transport - urban infrastructure, raising value of key fruit areas

(BGO) - After the 5-year implementation of the Resolution of the 24th district Party Congress for the 2015-2020 tenure, despite numerous difficulties, with high determination, solidarity and creativity, the Party Organisation, authorities and people of ethnic groups in Luc Ngan district have achieved comprehensive results in all areas, basically meeting and surpasing the targets set by the Congress.

Source: NDO