Illustrative image (Source: VNA) Hanoi (VNA) – Foreign direct investment (FDI) from the EU and US has been pouringinto southern localities like Ho Chi Minh City, Dong Nai, and Binh Duongprovinces.
According to statistics from the southernprovince of Dong Nai, 27 US businesses are investing in the locality, mainlyoperating in the field of industrial production with total registered capitalof over 207 million USD, ranking 10th among countries and territories investing in theprovince.
After recent exchanges with Dong Naiauthorities, US Consul General in HCM City Mary Tarnowka said that USbusinesses want to invest in the province’s industry, infrastructure, aviation,and high technology sectors.
A large number of US firms will come to Dong Naiin the near future to study the local investment environment, she revealed.
According to the provincial Department ofPlanning and Investment, more than 70 projects worth over 2.8 billion USD from13 EU countries have been registered so far, focusing on industry and machineequipment production, spare parts, electronics, and garment and textiles.
In Dong Nai, 80 percent of goods produced bybusinesses are exported, with the remaining used for domestic consumption.
Nations with the largest investment capitals inDong Nai include Germany, Switzerland, and the Netherlands.
One of the topreasons for the EU and US’ investment interest in Vietnam is due to theSoutheast Asian country’s engagement in a number of free trade agreements(FTAs), according to representatives from EU and US businesses.
At a conference on FDI attraction in thesouthern economic hub of Ho Chi Minh City, Vice Chairman of the EuropeanChamber of Commerce (EuroCham) in Vietnam Tomaso Andreaatta said the planned signingof the EU-Vietnam Free Trade Agreement (EVFTA) will strongly increaseinvestment attraction from European businesses.
Alongside investing in infrastructure and hightechnology, EU firms are looking to join projects on smart city building andgreen growth, he said.
Carlos Dominguez Agulleiro, deputy head ofSpain’s Economic and Commercial Office in HCM City, said the number of Spanishbusinesses deciding to invest in Vietnam is increasing.
Michele D’Ercole, Chairman of the ItalianChamber of Commerce in Vietnam, told reporters from the Dau tu (Investment)newspaper that the investment flow from Italian businesses in Vietnam willsurge this year. He noted several fieldsof their strengths such as food processing, garment and textiles,pharmaceutical products, infrastructure, and tourism.–VNA
According to statistics from the southernprovince of Dong Nai, 27 US businesses are investing in the locality, mainlyoperating in the field of industrial production with total registered capitalof over 207 million USD, ranking 10th among countries and territories investing in theprovince.
After recent exchanges with Dong Naiauthorities, US Consul General in HCM City Mary Tarnowka said that USbusinesses want to invest in the province’s industry, infrastructure, aviation,and high technology sectors.
A large number of US firms will come to Dong Naiin the near future to study the local investment environment, she revealed.
According to the provincial Department ofPlanning and Investment, more than 70 projects worth over 2.8 billion USD from13 EU countries have been registered so far, focusing on industry and machineequipment production, spare parts, electronics, and garment and textiles.
In Dong Nai, 80 percent of goods produced bybusinesses are exported, with the remaining used for domestic consumption.
Nations with the largest investment capitals inDong Nai include Germany, Switzerland, and the Netherlands.
One of the topreasons for the EU and US’ investment interest in Vietnam is due to theSoutheast Asian country’s engagement in a number of free trade agreements(FTAs), according to representatives from EU and US businesses.
At a conference on FDI attraction in thesouthern economic hub of Ho Chi Minh City, Vice Chairman of the EuropeanChamber of Commerce (EuroCham) in Vietnam Tomaso Andreaatta said the planned signingof the EU-Vietnam Free Trade Agreement (EVFTA) will strongly increaseinvestment attraction from European businesses.
Alongside investing in infrastructure and hightechnology, EU firms are looking to join projects on smart city building andgreen growth, he said.
Carlos Dominguez Agulleiro, deputy head ofSpain’s Economic and Commercial Office in HCM City, said the number of Spanishbusinesses deciding to invest in Vietnam is increasing.
Michele D’Ercole, Chairman of the ItalianChamber of Commerce in Vietnam, told reporters from the Dau tu (Investment)newspaper that the investment flow from Italian businesses in Vietnam willsurge this year. He noted several fieldsof their strengths such as food processing, garment and textiles,pharmaceutical products, infrastructure, and tourism.–VNA
VNA
