Vietnamese investors poured a total of US$490.4 million in projects abroad in the first 11 months of 2020, up 6.9% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

VOV.VN - Vietnam will need US$150 billion, equal to half of its current overall GDP, in order to invest in power projects nationwide over the course of the following decade, according to a seminar held on November 24 that discussed ways to mobilise international capital for independent power projects.

Vietnam has tremendous opportunities to attract foreign investment as global companies are seeking for a destination promising continuity, World Bank Country Director for Vietnam Carolyn Turk said during an interview with the Vietnam News Agency.

The disbursement of public investment sourced from the State budget reached VND354.6 trillion (nearly US$15.3 billion) during the past 10 months, an increase of 34.4% compared to the same period last year, according to the General Statistics Office (GSO).

Despite expectations to the contrary, Vietnam’s existing rules easing access to conditional business lines in civil aviation have been unable to improve the sector’s investment picture, with financiers calling for relaxation of foreign ownership limits.

VOV.VN - The UK’s former Prime Minister Tony Blair glowingly spoke of Vietnam’s achievements in the COVID-19 fight and being among economies enjoying positive growth in 2020 during his phone talks with Deputy Prime Minister and Foreign Minister Pham Binh Minh on October 27.

The southern province of Binh Duong, which is a major destination for foreign investment in Vietnam, has been focusing on developing industrial parks.

As the Government is focusing on accelerating the privatisation and divestment of State-owned enterprises (SOEs), attracting foreign investment is important to the success of the progress, according to the Committee for Management of State Capital at Enterprises (CMSC).

VOV.VN - By September 20 the total amount of foreign investment capital in new and existing projects through adjustment, capital contribution, and share purchases reached a figure of over US$21 billion, equal to 81.1% from last year’s corresponding period, according to the Foreign Investment Agency.

The 2020 Sourcing Fair Supporting Industries (SFS 2020) was held on September 17 to help companies in supporting industries expand their markets and join global supply chains.