The number of foreigners buying real estate products in Vietnam has increased, but the domestic property market needs policies to attract more foreign investment, according to experts.
Amid growing interest from foreign investors, Vietnam will soon consider cutting 50 per cent of personal income tax for employees in high-tech industries, paving the way to attracting more foreign investment in the sector.
An increasing number of youths in Vietnam’s Mekong Delta are seeking job opportunities in Japan for a better future.
Accumulated foreign direct investment (FDI) in the real estate sector reached US$51.1 billion as of the end of September, accounting for 16.5 percent of the total FDI in Vietnam, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Ho Chi Minh City was the most attractive destination for foreign investors, luring US$3.74 billion in the first nine months of this year, accounting for 14.6% of the country’s total US$25.4 billion.
The central city has attracted 43 new foreign direct investment (FDI) projects worth US$60 million in the first eight months this year, 4.6 times the amount in the same period last year, vice director of the the municipal Investment Promotion and Support Agency, Nguyen Ky Anh said.
Vietnam might, for the first time, allow 100 per cent foreign-invested firms in three logistics service areas, paving the way for an influx of foreign investment capital in the sector.
In the first eight months of the year Vietnam attracted foreign investment worth more than US$23.36 billion, a year-on-year increase of 45.1%.
The foreign investment is looking up, as the total capital pledged for investment in the country until August 20 was nearly equal to that for the entire 2016.
VOV.VN - At a recent forum in Hanoi, the country’s top economic experts gathered to exchange views on the goal of trade policy to reduce or eliminate the trade deficit with Thailand, reported the Vietnam Investment Review.
VOV.VN - The Economic Intelligence Unit of the Economist has forecast the GDP economic growth of Vietnam to be far below expectations for the five-year period 2017-2021.
The southern province of Binh Phuoc has attracted eight foreign direct investment (FDI) projects, with a combined registered capital of US$31.8 million in the first six months this year.
Foreign investors posted a net buy value of VND9.2 trillion in the first half of 2017, beating the record VND8 trillion made in the first seven months of 2008.
Foreign direct investment (FDI) inflow saw a significant 54.8% surge in the first half of this year against the same period last year, reaching US$19.22 billion, statistics from the Foreign Investment Agency revealed.
Former US Secretary of State John Kerry said he wants to assist Ho Chi Minh City in attracting foreign investment at a meeting with Secretary of the municipal Party Committee Nguyen Thien Nhan in Hanoi on June 21.
Minister of Planning and Investment Nguyen Chi Dung stressed improving the efficiency of public and foreign investment during a Q&A session at the 14th National Assembly’s ongoing third plenum in Hanoi on June 14.
The south central province of Binh Dinh saw a surge in both domestic and foreign investment in the first five months of 2017, said Nguyen Thuc Dinh, Director of the provincial Department of Planning and Investment.
Ho Chi Minh City attracted US$1.37 billion in foreign direct investment (FDI) in the first five months of 2017, a year-on-year increase of 45.8%.
Total foreign direct investment (FDI) in Vietnam reached US$11 billion from the outset of the year, a year-on-year surge of nearly 41 percent, said the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).
Vietnam is the first partner country for the Korea International Cooperation Agency (KOICA) in Asia. VIR talks with Kim Jinoh, the newly-appointed country director of KOICA, on his mission and the agency’s efforts toward supporting Vietnam’s education, healthcare, and green growth sectors.