Vietnam looks to support FDI firms as global minimum tax looms
The move is aimed at attracting foreign capital from future investors and protecting existing businesses.
The move is aimed at attracting foreign capital from future investors and protecting existing businesses.
The positive trend of foreign capital in the M&A market this year follows the momentum of 2023, where the top five largest deals involved foreign investors.
The strategy to attract more FDI should begin with understanding and assessing the competitive landscape between Vietnam and other Southeast Asian countries.
Samsung's R&D center currently employs 2,400 engineers, with Vietnamese engineers playing a crucial role in researching AI features for the new Galaxy S24 phone series.
2024 is a pivotal year, opening up new opportunities for Vietnam to attract high-quality foreign investment.
By February 20, the total foreign direct investment (FDI) reached nearly US$4.3 billion, a 39% increase compared to the same period last year.
Thailand's fourth-largest bank has agreed to acquire all the equity of Home Credit Vietnam for US$865 million.
As of February 20, Vietnam has attracted more than 39,500 FDI projects with a total registered capital of nearly US$473.1 billion.
Beyond production, VinFast aims to create 3,000-3,500 jobs for residents and contribute to the region's economic growth.
Kim Huat Ooi, Vice President of Manufacturing, Supply Chain and Operations and General Manager of Intel Products Vietnam, spoke to The Hanoi Times about Vietnam's semiconductor ambitions and Intel's contribution to making the country a global manufacturing and R&D hub.
Resolving the challenges of gas and offshore wind projects is critical to achieving the goals of the Power Development Plan VIII (PDP8) and ensuring energy security to support economic and social development.
The goal is to develop Vietnam's economy and become a regional powerhouse in Asia.
Vietnamese enterprises are gradually gaining a significant position in the global supply chain of Japanese companies.
The No.2 urban railway line is expected to play a crucial role in the public transportation network, easing the ever-increasing severe traffic congestion in the capital's central area.
Leaders from both sides also reaffirmed their commitment to creating a "peace of mind" investment environment for investors.
Vietnam promised to balance the interests of the government, the general public, and businesses while sharing risks to ensure the legitimate rights of investors.