VOV.VN - Foreign direct investment (FDI) enterprises continue to view the nation as an attractive investment destination due to its political stability, improved administrative procedures, and its gradual reduction of inspections and unofficial costs, according to the provincial competitiveness index (PCI) 2020 survey.
VOV.VN - China tops the list of 14 countries who made investments into the Vietnamese wood industry, with a total of 23 projects throughout 2020.
Vietnam’s wood industry secured 63 new foreign direct investment (FDI) projects worth US$372.68 million in 2020, down 36% and 49% on-year, respectively.
More than 90% of domestic enterprises are small and medium-sized. The advantage of this business model is that it quickly responds to market fluctuations.
Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19.
VOV.VN - Numerous FDI enterprises have consistently reported losses over the course of several years, despite continuing to invest in and expand production and business activities, along with an annual increase in revenue, thereby causing losses and damage to the state budget.
Inspections against transfer pricing will be increased as per a proposal by the Ministry of Finance in the context that more than half of foreign direct investment (FDI) enterprises reported losses.