Prime Minister Nguyen Xuan Phuc hosted separate receptions in Hanoi on October 3 for Youn Chul Kim, President of Hanwha Techwin, and Spencer Damian White, Managing Director of Delta Offshore Energy Pte Ltd.
The northern province of Thai Binh has employed a wide range of preferential policies for foreign investors, including those from Germany, said Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Nguyen Hong Dien.
Representatives of over 550 enterprises working in food and beverages and 400 others in medicine and pharmaceuticals from 350 countries will arrive in Vietnam from August 7 – 10 to explore business opportunities, according to the Ministry of Industry and Trade.
The northern province of Vinh Phuc has exerted various efforts towards international integration, attracting many foreign investors with high technology and helping to boost its socio-economic development.
Vietnamese startups in transport, homestay, fintech and other sectors have received millions of dollars from foreign investors in January.
Japan took the lead among 112 countries and territories invested in Vietnam in 2018, with US$8.59 billion, making up 24% of the nation’s total FDI.
The Vietnamese Government has given a range of priorities to foreign investors to develop production and do business in Vietnam, including those from Singapore, said Prime Minister Nguyen Xuan Phuc.
Foreign investors are planning to make electric cars in Vietnam, but the infrastructure for electric car development is poor, with no charge stations.
An increasing number of foreign investors are eager to invest in metro projects in Vietnam to cash in on the country's growing public transportation demands.
Hanoi — Financial experts have called for a better legal framework to curb policy-related risks so that projects, particularly road projects in Vietnam, could be made more attractive to foreign investors.