FDI FIRMS CONTINUE TO RECOVER AND SHIFT INTO HIGH-TECH INDUSTRIES
According to the report on Provincial Competitiveness Index 2022 (PCI 2022) released by the Vietnam Chamber of Commerce and Industry (VCCI), the majority of foreign-invested enterprises (FIEs) in Vietnam can be classified as small- and medium-sized enterprises in terms of capital, employment, and revenue.
BUDGET REVENUE NEARS US$28 BLN IN FOUR MONTHS
The State Budget collected VND645.4 trillion (US$28 billion) in the first four months of 2023, equal to 39.8% of the target and down 5% year on year, said the Ministry of Finance. The central budget revenue was estimated to fulfill 42.9% of the target and the local budget revenue was forecast to achieve 36.3%.
POTENTIAL DESTINATION AND INCREDIBLE OPPORTUNITY FOR INVESTORS
“Dak Nong province is opening up many incredible investment opportunities in various industries and fields and calling for qualified businesses with big projects, so as to create a remarkable transformation in the local socio-economy,” said Ms. Ton Thi Ngoc Hanh, Vice Chairwoman of Dak Nong Provincial People's Committee.
VIETNAM ATTRACTS NEARLY 8.88 BILLION USD IN FDI IN FIRST 4 MONTHS
As of April 20, foreign investors had invested nearly 8.88 billion USD in Vietnam, or 82.1% of the figure in the same period of 2022.
NEW BELIEF AROUND THE CORNER FOR REAL ESTATE
A survey released in early 2023 carried out by batdongsan.com.vn showed that out of 1,000 Vietnamese people, up to 68 per cent intend to buy real estate within the next year and up to 87 per cent of those who already own three or more real estate still want to buy more.
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.
