Vietnam’s efforts in keeping foreign investors pay off
The disbursement of 4.42 billion USD of FDI in the first quarter of this year, a five-year high, is described as Vietnam’s successes in keeping foreign investors.
Hanoi (VNA) – The disbursement of 4.42billion USD of FDI in the first quarter of this year, a five-year high, is described as Vietnam’s successes in keeping foreign investors.
Although new FDI inVietnam dropped sharply, the capital added to existing projects as well as contributions and share purchases in the first three months rose significantly.
The Ministry of Planning and Investment said duringthe period, Vietnam attracted a total of 8.9 billion USD in FDI,equivalent to 87.9 percent of the amount recorded last year.
The country attracted 322 new projects worth over3.21 billion USD, up 37.6 percent in volume but down 55.5 percent in valueyear-on-year, of which the projects each with a registered capital of over 100million USD accounted for up to 75 percent.
Major projects include the Long An I and II LNGPower Plant with a combined capital of more than 3.1 billion, and the 1.3billion USD O Mon II Thermal Power Plant, according to Phi Thi Phuong Nga, deputyhead of the Department of Industrial and Construction Statisticsunder the General Statistics Office.
The billion-US dollar group saw only one new project- LEGO Manufacturing Vietnam plant, valued at 1.32 billion USD and invested byDenmark, in the southern province of Binh Duong.
Vietnam’s efforts in keeping foreign investors pay off. (Photo: VNA)
Since the beginning of this year, 228 projects registeredto raise their capital by 4.06 billion USD, up 41.6 percent in volume and 93.3percent in value year-on-year.
Meanwhile, capital contribution reached 1.63 billionUSD, an increase of 102.6 percent from the same period last year.
Such growth has proven foreign investors’ confidencein production and business in Vietnam, and their consideration of the SoutheastAsian nation a safe investment destination./.
Despite adverse COVID-19 impacts on the global economy, Vietnam’s selective investment attraction policy with priority to high-quality projects has proved effective, according to experts.
Disbursement of foreign direct investment in Vietnam rose by 7.8 percent compared to 2021 to 4.42 billion USD in the first quarter of this year, a five-year record.
Disbursement of foreign direct investment in Vietnam in the first quarter of this year rose by 7.8 percent compared to the same period last year to 4.42 billion USD, a five-year record.
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.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Illustrative image (Source: congthuong.vn) 
Vietnam’s efforts in keeping foreign investors pay off. (Photo: VNA) 
