NDO – Hanoi disbursed VND26.6 trillion worth of public investment in the first eight months of 2020, equivalent to 58.6% of the yearly plan. The city authorities have asked all relevant agencies to implement synchronous measures to overcome the tough times caused by the COVID-19 pandemic and strive to disburse 97-100% of public investment in 2020. 

NDO/VNA – Public investment in August and the first eight months of this year increased 45.4% and 30.4% year-on-year, respectively, according to the General Statistics Office (GSO). 

NDO - Vietnam attracted foreign direct investment (FDI) of US$19.54 billion in the first eight months of 2020, down 13.7% from the same period of 2019, according to the Ministry of Planning and Investment (MPI). 

NDO/VNA – German tape manufacturer Tesa plans to build a EUR55 million factory in Northern Vietnam in an effort to expand its production as from 2023, according to Germany’s Handelsblatt newspaper. 

NDO - Instead of investing in large-scale projects abroad as in the previous period, Vietnamese enterprises are focusing on small and medium-sized projects in diverse destinations. This is an important transition towards higher added value in the fields of commerce and services in conformity with Vietnamese enterprises’ capital capacity, management capacity and international investment experience. 

NDO – The 18th Hung Yen Provincial Party Congress, tenure 2015-2020, has determined that mobilising resources for the construction of socio-economic and urban infrastructure, especially transportation, is one among the three breakthroughs of the province. 

NDO/VNA – An online conference was jointly organised in Hanoi on July 9 by the Ministry of Planning and Investment (MoPI), the Japanese Embassy in Vietnam, the Japan External Trade Organisation (JETRO) and the Japan Bank for International Cooperation (JBIC) to promote Japanese investment flows into Vietnam. 

NDO – Positive signs in foreign direct investment (FDI) began to appear in June, reflecting the increase in the amount of new FDI capital and the gradual improvement of capital disbursement. 

NDO – The total foreign direct investment (FDI) into Vietnam between the beginning of this year and June 20 reached US$15.67 billion, equivalent to 84.9% of the figure for same period last year, according to the Ministry of Planning and Investment. 

NDO – The southern province of Dong Nai has attracted nearly VND15.4 trillion (over US$660.5 million) from domestic investors so far this year, a 29% rise over the same period last year, as reported by the provincial Department of Planning and Investment. 

NDO/VNA – Prime Minister Nguyen Xuan Phuc told President of Exxon Mobil LNG Market Development Inc. Irtiza Sayyed during a phone talk on June 11 that Vietnam welcomes the group’s plans of investment in Vietnam. 

NDO - As global companies look to relocate their manufacturing facilities after the coronavirus pandemic, the Prime Minister has decided to set up a special working group to formulate a plan to attract this important source of capital. 

NDO - Foreign investment pledges in the northern province of Thai Nguyen have reached US$45 million since the start of 2020, despite the impact of the coronavirus outbreak, according to a provincial official. 

NDO - The attraction of foreign direct investment (FDI) in the first months of 2020 has slowed down due to the COVID-19 pandemic, but there are signs that FDI inflows in Vietnam will ‘boom’ in the last few months of the year. To accommodate the movement of investment, Vietnam must be ready to become the ‘factory of the world’ accompanied with a favourable environment regarding business, labour and supporting industries.