The southern province of Dong Nai absorbed nearly US$690 million in 76 newly-licensed and existing foreign-invested projects this year to May 17, up 143% against the same period last year and fulfilling nearly 70% of the annual target.

The investors have disappeared at a string of foreign investment projects, prompting authorities to officially terminate the projects in the forthcoming period.

Leaders of the Mekong Delta city of Can Tho on May 18 held a working session with managers of AEON Vietnam Co. Ltd., an affiliate of AEON Japan, about the possibility of building a shopping mall in the locality.

The Red River Delta province of Bac Ninh ranks second nationwide in foreign direct investment (FDI) attraction in 2017, with US$3.5 billion poured into 270 new and existing projects in 2017. 

While some automobile assemblers have stopped domestic production and shifted to importing products, others have poured more money into production lines in Vietnam.

Cuba has emerged as the third biggest investment destination of Vietnamese enterprises after Laos and Cambodia.

The Prime Minister’s working group has asked the ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49% at enterprises where foreign investment is not restricted.

Vietnamese firms have had a lot of success while investing in foreign markets.

Deputy Prime Minister Vuong Dinh Hue has requested the Ministry of Planning and Investment and Ministry of Finance to monthly publicise the disbursement of capital for public investment projects by ministries, sectors and localities.

The northern province of Bac Giang is working out measures in an effort to attract US$2 billion in domestic and foreign investment in 2018.