British Virgin Islands (BVI) is an archipelago of about 153 km2, with GDP of more than US$1 billion but businesses registered here have invested US$19.3 billion into Vietnam.
The property market in Vietnam has seen an influx of Japanese capital recently, with many projects carried out under partnerships between the countries’ enterprises.
The Vietnamese Government and State agencies aim to create favorable conditions for foreign investors, including those from the Republic of Korea (RoK) to operate in Vietnam, said Deputy Minister of Industry and Trade Tran Quoc Khanh.
Government support is vital in tackling numerous delayed real estate projects in multiple hi-end areas in Ho Chi Minh City.
The Mekong Delta city of Can Tho has built a project on raising the provincial competitiveness index (PCI) for 2016-2020 and devised new policies to improve its competitiveness and attract more investors, especially those from foreign countries, heard a conference on May 10.
Localities in the Mekong Delta region have improved their rankings in the Provincial Competitiveness Index (PCI), particularly in business environment, according to the Vietnam Chamber of Commerce and Industry (VCCI).
With various free trade agreements coming into effect in the coming months and years, the southern province of Binh Duong is eager to build more industrial parks to attract foreign companies ramping up investment in Vietnam.
International organisation ActionAid Vietnam recently questioned the annual US$20-million loss of corporate tax income in Vietnam caused by the preferential tax system for foreign-invested enterprises, sparking a discussion on whether the generous treatment of those firms is justifiable.
Samsung Electronics Co., Ltd, the world’s top smartphone maker from the Republic of Korea, is planning a production run of 200 million smartphones in Vietnam this year.
More than 500 domestic and foreign experts and businesspeople were brought together at a conference on investment and tourism promotion in the northern mountainous province of Lao Cai on May 8.