New foreign direct investment (FDI) approvals have been very modest this month, but total FDI in Vietnam in the year to date has reached over US$8.5 billion, higher than the same period last year, said the Foreign Investment Agency (FIA). FIA’s latest report shows that FDI has dropped sharply this May with registered capital of only some US$300 million, down 85% from April and a hefty 94% from March. However,... 

While the nation’s foreign direct investment (FDI) has markedly picked up this year, HCMC, which was among the top localities with high FDI attraction in previous years, has seen a sharp decline in FDI inflow. A recent report of the city’s Department of Planning and Investment shows that both fresh and additional investment capital in the city only reached US$348 million in January-April, shrinking... 

The amended Corporate Income Tax Law reintroduces tax incentives for investment expansion, which is expected to encourage foreign-invested enterprises (FIEs) to raise their investment capital in the near future. Applause from FIEs It is not until May that the Ministry of Finance will submit the draft amended law to the National Assembly (NA), but many entrepreneurs have expressed their joy at the news... 

Foreign direct investment (FDI) has grown strongly in the first quarter after a long period of decline in both FDI pledges and disbursements. So far in the first quarter, Vietnam has lured 191 new FDI projects with total registered capital of over US$2.9 billion, up 2.2% year-on-year. However, 71 projects have raised capital by a combined US$3.1 billion, 3.7 times higher than the same period last year. In... 

HANOI – The bad debt ratio of the banking system has dropped to 6%, versus 8.6% a few months ago, heard a regular press briefing of the Government on Thursday. Vu Duc Dam, minister-chairman of the Government Office, said the Government was concerned about the slow credit growth in the first two months. However, given the aims for both economic growth and inflation restraint this year, credit will... 

HSBC Global Research in a just-released report says Vietnam’s effort to eliminate bad debts in 2013 is not enough as the fundamental issue is to improve the efficiency of the economy to lure foreign capital for long-term development. HSBC expects a fiscal stimulus to spur growth is unlikely in 2013 as tax revenue has been decreased and state expenditure must be cut. Tax revenue collected dipped to... 

Foreign investment through both direct investment and M&A (mergers & acquisitions) deals is expected to keep flowing into the local market this year despite challenges ahead, experts said. Economic expert Pham Chi Lan said that capital flow from ASEAN enterprises will run strongly into Vietnam to take advantage of opportunities from the ASEAN+1 market in 2015. Businesspeople from the Philippines,... 

This year’s fresh foreign direct investment (FDI) attraction has continued falling sharply compared to last year but additional capital poured into operational FDI projects has surged, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. FIA said in a recent report that the nation as of the middle of this month had attracted more than US$13 billion of FDI including... 

Operational foreign-invested enterprises in HCMC are still expanding operation in the face of the gloomy outlook, as many of them have registered to increase their foreign direct investment (FDI) capital. Meanwhile, the amount of fresh FDI projects is plunging. Recent statistics unveiled by the HCMC Department of Planning and Investment indicated that 50 FDI projects operating in the city have registered... 

The foreign direct investment (FDI) inflow into Vietnam has fallen significantly due to the global economic woes, but it is not a matter of concern yet, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. The country has attracted nearly US$6.4 billion of newly-registered and additional FDI capital in the year to date, down 27.3% year-on-year, whereas the Government...