The global corporate minimum tax is unlikely to impede Viet Nam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Viet Nam.
According to the Ministry of Planning and Investment (MPI), in the 2021-25 period, the region expects to be allocated VND320 trillion (about US413.65 billion) of State capital for infrastructure projects, up 23.3 per cent over the 2016-20 period.
An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts.
Viet Nam is looking to work closely with foreign firms such as Samsung and Toyota to boost the supply of parts within the country, according to the Ministry of Industry and Trade.
Foreign investment inflows into Viet Nam during the first nine months of this year rose 4.4 per cent year-on-ear to US$22.15 billion despite the impact of COVID-19, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and...
This is the biggest fall in FDI inflows since the COVID-19 pandemic broke out again in the country in late April, wreaking havoc on multiple industrial parks in the northern provinces of Bac Giắng and Bắc Ninh.
With the increasing foreign investment in Việt Nam, the human resource structure will see a fundamental change since FDI generally goes into industries that require medium to very skilled workers, experts have said.
A new wave of foreign direct investment driven by global events such as the US-China trade war and the COVID-19 pandemic is imminent in Viet Nam, and it will have a much bigger impact on the economy than previous FDI...
Viet Nam’s economy is on a more positive growth momentum than last year, with strong foreign direct investment (FDI) capital inflows, increased foreign exchange reserves and strictly controlled foreign debts, according to Fitch Ratings.
Remittance inflows to HCM City in the 11 months of this year reached US$4.55 billion, Nguyen Hoang Minh, deputy director of the State Bank of Viet Nam’s HCM City branch, said.
Credit Suisse says Viet Nam''s GDP will rise 6.3 per cent next year, the
third-fastest in emerging market economies after China (6.6 per cent)
and India (7.8 per cent).
Vietnamese enterprises have a big opportunity to enter the global value
chain with several investors entering the country, Nguyen Mai, chairman
of Viet Nam Association of Foreign Invested Enterprises said.