Foreign investment poured in Vietnam despite Covid-19

Despite impacts of the Covid-19 pandemic, Vietnam is still attracting foreign investment in its electronic industry, technology website Digitimes, based in Taiwan (China), has reported.

According to the website, foreign electronic companies have been maintaining their factories in Vietnam's northern region despite the pandemic. Vietnam's semiconductor industry is expected to grow strongly in the next five years.

Workers manufacture electronic components at the Japan-invested Canon Electronics Vietnam Company Limited at Pho Noi A Industrial Park in Van Lam District, Hung Yen Province.

According to Fitch Solutions, amid Covid-19, Vietnam is still chosen by many foreign investors as a destination to build production bases, especially in the electronic industry.

As many as 65% of foreign electronic enterprises set up their production bases in northern localities of the country, while about 30% of them built facilities in the southern region, and a few in the central region.

According to a report by global technology research and advisory company Technavio, the Vietnamese semiconductor market is poised to grow by almost 19% in 2020-2024 to US$6.16 billion.

Meanwhile, Vietnam’s smart phone shipments witnessed an 11% year-on-year growth in the second quarter of 2021 with Chinese original equipment manufacturers capturing around half of the market, according to Counterpoint Research’s Monthly Vietnam Channel Share Tracker.

PM orders law revision to solve difficulties in investment, business

Prime Minister Pham Minh Chinh has sent a dispatch to several ministers, ordering a revision of laws to address difficulties in investment and business amidst complex developments of the Covid-19 pandemic.

 

Project approved to enhance effectiveness of investment attraction to Bac Giang by 2030

(BGO) - The Bac Giang provincial People’s Committee has recently issued Decision No.797/QD-UBND to approve for the Project to enhance the effectiveness of investment attraction to Bac  Giang province by 2030, with focal points of opinion, orientation, tasks and solutions in the upcoming time.

 

US receives Vietnam's largest overseas investment in seven months

Vietnam’s total investment abroad reached US$570.1 million in the first seven months of this year, nearly 2.3 times higher than the same period last year, with the largest investment poured into the US, according to Foreign Investment Agency.

 

Bac Giang attracts 34 investment projects in 7 months

(BGO) – Bac Giang province attracted total investment of about 30.6 million USD in July 2021, accounting for 13.2 percent and 775.94 million USD in seven months, making up 87 percent comparing to the figure at the same period last year.

 

Bac Giang speeds up implementation of public investment projects

(BGO) - In the first half of this year, a series of works and projects using public investment capital in Bac Giang province were affected by the pandemic, even many of them were halted. To complete the disbursement plan for the whole year, these days, on construction sites, the working atmosphere is urgent with a determination to overcome difficulties.

 

Source: NDO/VNA