Vietnam attracted 24,397 foreign direct investment (FDI) projects worth US$312.9 billion from 128 countries and territories in the first 10 months of this year. However, experts said that the projects’ influence on the economy is still modest, necessitating a change in mindset to lure investment.

Foreign investors were once the buyers in M&A deals five years ago, but in many deals made recently, the buyers have been Vietnamese.

VOV.VN - A delegation of German businesses held a working session with leaders of the southern province of Dong Nai on November 21 to seek investment opportunities in the field of environmental treatment. 

Preferential treatments including tax and land use incentives are a key factor in the Vietnamese government’s bid to attract foreign investment; however, domestic enterprises are beginning to voice their complaints.

As local salaries rise and global trends shift, Vietnam is drafting a new foreign direct investment attraction strategy for the upcoming years, with a focus on some prioritised sectors to bring added value to the economy.

Few venture funds have been set up in Vietnam, and few startups have successfully called for capital from the funds.

The Koyu & Unitek Company, based in the southern province of Dong Nai, plans to develop a second chicken processing factory to meet the demand for chicken products of the Japanese market.

Japan-based fashion apparel retailer Stripe International Inc. remains hungry after acquiring NEM Fashion and is now planning to seize other apparel brands in Vietnam to expand faster.

VOV.VN - Six businesses from the Republic of Korea have been granted licences to invest in Dung Quat Economic Zone in the central province of Quang Ngai.

Kimmo Tuppurainen, sales director for Southeast Asia for Watrec, said his company has launched a clean energy project worth EUR30 million (more than US$33 million) in Hanoi.