EASIER ACCESS TO FINANCE FOR SMES IN VIETNAM
The Asian Development Bank (ADB) and Switzerland signed a co-financing agreement of up to US$5 million to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam, particularly among small and medium-sized enterprises (SMEs).
HANOI TOPS COUNTRY IN FDI ATTRACTION IN FIRST FOUR MONTHS
Hanoi led Vietnam in attracting foreign direct investment (FDI) in the first four months of this year, securing more than 1.7 billion USD in capital during the period, according to the Ministry of Planning and Investment.
NEW MEASURES ON TAP FOR FUNDING SWELL
At the largest conference ever to create stronger conditions for foreign investors in late April, Prime Minister Pham Minh Chinh emphasised the potential for overseas financiers to get involved in emerging fields such as digital transformation, green transition, circular economy, innovation, and climate change adaption.
FDI FLOW BOUNCES BACK
So far this year, foreign direct investment (FDI) channeled into Vietnam neared 8.9 billion USD, with new capital surging after a slight decrease in the first three months. According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), there were 750 new projects granted investment licences worth over 4.1 billion USD, up 65.2 per cent and 11.1 per cent annually, respectively.
VIETNAM TO ALLOW ONLINE BUSINESS REGISTRATION
Starting from July 1 this year, investors can register business online, making the business registration process simple and easy, particularly for household businesses. The Ministry of Planning and Investment has issued a circular amending and supplementing regulations on online business registration. According to the circular, file formats for online business registration include .doc, .docx and .pdf.
HCMC LACKS INDUSTRIAL LAND FOR FDI PROJECTS
The city is running short of industrial land for big foreign direct investment (FDI) projects, said HCMC Chairman Phan Van Mai.
Speaking during a hybrid meeting with foreign investors chaired by Prime Minister Pham Minh Chinh late last week, Mai said the city now lacks large locations of industrial land for strategic investors.
VIETNAM’S GREEN ECONOMY EXPECTED TO REACH 300 BILLION USD BY 2050
Vietnam has set a target of increasing its green economy's contribution to GDP from 6.7 billion USD in 2020 to 300 billion USD by 2050, which requires drastic and breakthrough steps, Minister of Planning and Investment Nguyen Chi Dung has said.
VIETNAM SEEKS SUPPORT FROM UK, EU IN CLEAN ENERGY TRANSITION
Deputy Prime Minister Tran Hong Ha has asked representatives of the UK and the European Union to share their experience and technologies in clean energy transition with Vietnam.
