FDI businesses play a significant role to Vietnam's economy
According to the Foreign Investment Agency under the Ministry of Planning and Investment, foreign direct investment (FDI) businesses play an important role to the country`s economy as they create jobs for nearly 3 million workers and account for over 20% of the country’s total investment capital.
Minister of Planning and Investment Bui Quang Vinh said that FDI projects have been generating jobs for millions of workers.
According to the statistics of the Foreign Investment Agency, the country attracted more than 22.7 billion USD in newly registered and additional capital in 2015, increasing by 12.5% against 2014.
Foreign investors have been pouring their capital into 19 sectors, especially industrial processing and manufacturing, which draw 955 newly-registered investment projects and 517 with additional capital worth a combined 15.23 billion USD in 2015, accounting for 66.9% of the total registered investment.
Sixty-two nations and territories have implemented investment projects in Vietnam. The Republic of Korea tops with 702 newly-registered projects and 269 with additional capital totaling 6.72 billion USD, making up nearly 30% of the country's total investment capital.
Malaysia and Japan rank the second and third with 2.47 billion USD and 1.84 billion USD, accounting for 10.9% and 8.1% of the total investment capital in Vietnam.
In 2015, the foreign investment sector also recorded 115.1 billion USD in exports (including crude oil), rising annually by 13.8%, making up 70.9% of Vietnam’s total export turnover.
At present, the country, that is a partner of 55 global economies in free trade agreements, with over 90% of tariff lines having been cut to zero percent, has favourable conditions to become a strategic investment destination for both multi-national groups and small and medium-sized firms.
Head of the Foreign Investment Agency Do Nhat Hoang revealed that there will be more preferential policies for businesses, particularly regarding corporate income tax, import tax and land lease costs.
The Ministry of Planning and Investment will continue to call on foreign enterprises to invest in high-quality projects, as well as embrace links between FDI businesses and domestic partners, he stressed.
According to the statistics of the Foreign Investment Agency, the country attracted more than 22.7 billion USD in newly registered and additional capital in 2015, increasing by 12.5% against 2014.
Foreign investors have been pouring their capital into 19 sectors, especially industrial processing and manufacturing, which draw 955 newly-registered investment projects and 517 with additional capital worth a combined 15.23 billion USD in 2015, accounting for 66.9% of the total registered investment.
Sixty-two nations and territories have implemented investment projects in Vietnam. The Republic of Korea tops with 702 newly-registered projects and 269 with additional capital totaling 6.72 billion USD, making up nearly 30% of the country's total investment capital.
Malaysia and Japan rank the second and third with 2.47 billion USD and 1.84 billion USD, accounting for 10.9% and 8.1% of the total investment capital in Vietnam.
Samsung Electronics Vietnam Thai Nguyen employs over 200,000 workers.
|
At present, the country, that is a partner of 55 global economies in free trade agreements, with over 90% of tariff lines having been cut to zero percent, has favourable conditions to become a strategic investment destination for both multi-national groups and small and medium-sized firms.
Head of the Foreign Investment Agency Do Nhat Hoang revealed that there will be more preferential policies for businesses, particularly regarding corporate income tax, import tax and land lease costs.
The Ministry of Planning and Investment will continue to call on foreign enterprises to invest in high-quality projects, as well as embrace links between FDI businesses and domestic partners, he stressed.
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
- Foreign companies confirm investment expansion in Vietnam in 2025
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses