The southern region has received 1.7 billion USD worth of foreign direct investment (FDI) in the first quarter of 2016, according to the Ministry of Planning and Investment’s Foreign Investment Agency
The electronic motor production line of the Japanese-funded Mabuchi Motor Vietnam in southern Dong Nai province's Bien Hoa 2 Industrial Zone. (Photo: VNA)
Hanoi (VNA) – The southern region has received 1.7 billion USD worth of💧 foreign direct investment (FDI) in the first quarter of 2016, according to the Ministry of Planning and Inℱvestment’s Foreign Investment Agency.
This value accounted for 51.6 percent of the total FDI registered in the country, making the region the leading performer in terms of FDI attraction. The agency said in its recent report that the positive results were due to the region’s huge potential in developing industries such as hi-tech, IT, oil and gas, in addition to several services in banking, finance and tourism sectors.
During the three-month period, 246 new foreign-invested projects received licences while 305 existing ones were approved to raise capital in the region, which include HCM City, Ba Ria – Vung Tau, Dong Nai, and Binh Duong, in addition to Tay Ninh and Binh Phuoc.
Among large projects included 115 million USD steel mill emissions processing facility, developed by Zincox Resources PLC from the United Kingdom in Ba Ria- Vung Tau Province; a 55 million USD-garment factory, invested by Brunei’s Promax Textile Vietnam Co in Dong Nai Province’s Nhon Trach 3 Industrial Zone and a Brunei-funded furniture manufacturing project, worth 38 million USD, in Dong Nai’s Giang Dien Commune.
There were 41 countries and territories making investments in the region in the reviewed period. Of them, Japan ranked first with 309.3 million USD or equivalent to 18.1 percent of the region’s total FDI. The Republic of Korea and Brunei came second and third with about 270 million USD, or 15.7 percent, and 148.2 million USD, or 8.6 percent, respectively.
Among six localities, Dong Nai attracted the lion’s share of FDI with 585.4 million USD, making up 34.2 percent of the region’s total FDI. It was followed by Binh Duong with 376 million USD, or 22 percent, and HCM City with 354.2 million USD, or 20.7 percent.
From January to March, the manufacturing and processing sector was the most attractive sector to foreign investors as it absorbed 1.29 billion USD, totalling 76 percent of FDI pledged in the region. Water supply and waste treatment ranked second with 115 million USD while wholesale and retail came third with 105.7 million USD.-VNA
Belgian businesses are expanding investment activities in Vietnam to grab opportunities when free trade agreements (FTAs) the country has signed come into effect.
The southern province of Dong Nai has topped the country in attracting foreign direct investment in the first two months of 2016, said the provincial Industrial Zones Authority (DIZA).
The southern province of Dong Nai attracted 448 million USD of foreign direct investment (FDI) in the first three months of this year, an increase of 311 percent against the same period last year.
An additional 481 million USD in foreign direct investment (FDI) landed in the southern province of Binh Duong in Quarter I, representing a year-on-year increase of 19 percent.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
The electronic motor production line of the Japanese-funded Mabuchi Motor Vietnam in southern Dong Nai province's Bien Hoa 2 Industrial Zone. (Photo: VNA)
