Today: 21/09/2023 15:57:40 (GMT+7)

Enterprises accelerate investment to anticipate new opportunities

As 2023 is forecast to be a difficult year driven by increasing inflation and economic recession at the global level, enterprises in Vietnam have actively built scenarios to adapt to market recovery and anticipate new business opportunities.

According to the General Statistics Office (GSO), Vietnam attracted foreign direct investment (FDI) worth 1.69 billion USD as of January 20 this year, down 19.8% annually.

accelerate investment, anticipate new opportunities, market recovery, foreign direct investment, high requirements, choosy markets

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However, in the month, local authorities granted licences for 153 new FDI projects worth 1.2 billion USD, up 48.5% in number and 3.1 times in value.

This is considered a new signal that opens up more chances for businesses in 2023.

Duong Nguyen Thanh, deputy director of Haast Industries Vietnam Co., Ltd, said that the number of new electronics orders in the world has declined sharply since late 2022, mainly in the consumer electronics sector.

The decrease is affecting Haast’s operation and output. However, the factory has taken different measures to ensure flexible adaptation such as strengthening connectivity with existing partners, seeking new customers to maximise production capacity, and increasing the governance capacity and human resources quality to meet high requirements of choosy markets.

Trinh Van Quang, Vina CPK-Project Development Manager, said that his company is investing in building Ba Thiet II industrial park in Binh Xuyen district in the northern province of Vinh Phuc with an area of 308 hectares.

At present, the occupancy rate at the cleared area reaches 100% with many large enterprises from the Republic of Korea, Japan, the US, Sweden, and Taiwan (China), which operate mainly in high-tech and environmentally-friendly production and business industries.

Over 421 million USD allocated to implement public investment plan and national target programme
(BGO) – The People’s Committee in Bac Giang province (PPC) has decided to assign the public investment plan and national target programme in 2023 to the department and organization under the People’s Committee in the province, districts, city and investors.
Bac Giang attracts two more investment projects worth 761 million USD
(BGO) – On January 2, the People’s Committee in Bac Giang province (PPC) held a ceremony to hand over the Investment Registration Certificate (IRC) and Memorandum of Understanding (MoU) to the investors to projects in local industrial parks.
Nearly 693 million USD of registered investment added to FDI projects in Bac Giang
(BGO) – Bac Giang province approved to increase registered capital of 44 foreign direct investment (FDI) projects in 2022 to add nearly 693 million USD, representing 1.7 fold increase year on year.
Investment for creative startups to reach 5 billion USD in 2023 – 2025
As many as 39 investment funds committed to invest 1.5 billion USD for creative startups in Vietnam in 2023 – 2025, lifting the total investment for the field in the period to 5 billion USD, heard the Vietnam Venture Summit 2022 on December 19 in Hanoi.
Foreign investors continue to pump investment into Vietnam
Many global companies have invested or announced plans to invest billions of dollars in Vietnam this year as they show continued interest in making the country a manufacturing hub.

Source: VNA

accelerate investment, anticipate new opportunities, market recovery, foreign direct investment, high requirements, choosy markets
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