Vietnam encourages US investments in energy sector

NOV 16, 2019 / 22:02

The Hanoitimes – US-based Gen X Energy is considering a US$6-billion liquified natural gas (LNG) project in Vietnam.

Vietnam encourages and support US enterprises to invest in the country’s energy sector, said Deputy Prime Minister Trinh Dinh Dung in a meeting with Scott Kicker, CEO of US-based Gen X Energy, on November 15.

 Deputy Prime Minister Trinh Dinh Dung (R) and Scott Kicker, CEO of US-based Gen X Energy (L). Source: VGP.

Dung highly regarded Gen X Energy’s interest in a US$6-billion liquified natural gas (LNG) project in Vietnam.

According to Dung, Vietnam considers the US a top partner, saying the bilateral comprehensive partnership has been growing strong on bilateral, regional and international fronts.

Dung added trade and investment activities have laid the foundation and become a major motivation for the Vietnam – US relations. Tiếp tục đọc “Vietnam encourages US investments in energy sector”

Google to move Pixel smartphone production to Vietnam, report says

NBC

The move comes as labor costs are rising in China along with added pressure from spiraling tariffs due to the ongoing Sino-U.S. trade tensions.
Image: Google Pixel

A member of the media tries a Google Inc. Pixel 3 smartphone after its sales launch event at a SoftBank Corp. store on Nov. 5, 2018 in Tokyo, Japan.Tomohiro Ohsumi / Getty Images file

Báo cáo tình hình đầu tư trực tiếp nước ngoài 5 tháng đầu năm 2019

Bộ KH&ĐT

I. Về đầu tư nước ngoài tại Việt Nam

1. Tình hình thu hút ĐTNN 5 tháng đầu năm 2019

1.1. Tình hình hoạt động

Vốn thực hiện

Trong 5 tháng đầu 2019, ước tính các dự án đầu tư trực tiếp nước ngoài đã giải ngân được 7,3 tỷ USD, tăng 7,8% so với cùng kỳ năm 2018.

Tình hình xuất, nhập khẩu

Xuất khẩu: Xuất khẩu của khu vực ĐTNN (kể cả dầu thô) đạt 70,4 tỷ USD, tăng 4,7% so với cùng kỳ năm 2018 và chiếm 69,9% kim ngạch xuất khẩu. Xuất khẩu không kể dầu thô đạt 69,5 tỷ USD, tăng 4,7% so với cùng kỳ 2018 và chiếm 69% kim ngạch xuất khẩu. Trong 5 tháng đầu năm 2019, xuất khẩu của khu vực ĐTNN tăng về mặt giá trị, song lại giảm về tốc độ tăng so với cùng kỳ năm 2018 (5 tháng đầu năm 2018, xuất khẩu kể cả dầu thô tăng 15%; xuất khẩu không kể dầu thô tăng 15,8%). Tiếp tục đọc “Báo cáo tình hình đầu tư trực tiếp nước ngoài 5 tháng đầu năm 2019”

FDI paradox: the bigger incentives FIEs get, the bigger losses they incur

Last update 16:00 | 16/03/2019

VietNamNet Bridge – More and more foreign invested enterprises (FIEs) have reported losses, though they continue to enjoy attractive investment incentives. Economists say this is ‘abnormal’.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FIEs, FDI

There are 21,400 FIEs in Vietnam

A Ministry of Finance’s (MOF) report presented at a recent working session with Deputy PM Vuong Dinh Hue showed a high proportion of unprofitable FIEs.

There are 21,400 FIEs, which account for 3 percent of total existing enterprises in Vietnam. FIEs maintained high growth rates in revenue and profits from 2011 to 2017. In 2017 alone, FIEs’ turnover soared by 28 percent compared with the year before, while their asset growth rate reached 22 percent and stockholder equity 14 percent. Tiếp tục đọc “FDI paradox: the bigger incentives FIEs get, the bigger losses they incur”

Upbeat outlook for Vietnam’s FDI inflow in 2019

Last update 14:20 | 15/03/2019

Foreign investment in Vietnam is forecast to surge significantly in 2019 as many foreign investors, including big names, are showing their big interest in the country.

Upbeat outlook for Vietnam’s FDI inflow in 2019, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Reports from the Foreign Investment Agency under the Ministry of Planning and Investment showed that foreign firms registered to invest US$8.47 billion in Vietnam in the first two months of 2019, up 2.5 times against the same period of last year. The firms also disbursed US$2.58 billion in the period, marking a three-year record high for the January-February period.

The positive trend is continuing this month with many provinces and cities consecutively announcing licenses for foreign projects. Tiếp tục đọc “Upbeat outlook for Vietnam’s FDI inflow in 2019”

Ngành năng lượng Việt Nam đang đi ngược xu thế

Thứ Ba,  19/12/2017, 09:58 

Ống khói của một nhà máy nhiệt điện chạy than ở khu vực phía Bắc. Ảnh: laodong.vn

(TBKTSG) – Hơn 42% tổng nguồn vốn đầu tư trực tiếp nước ngoài (FDI) mới cam kết được cấp phép trong 11 tháng đầu năm 2017 là đăng ký vào lĩnh vực kinh doanh và phân phối điện. Đáng chú ý, cả ba dự án được cấp phép trong lĩnh vực này đều là xây dựng nhà máy nhiệt điện than.

Cấp phép ba dự án BOT nhiệt điện than

Ngoài tập đoàn Điện lực Việt Nam (EVN) là đơn vị chủ lực thực hiện đầu tư phát triển nguồn điện, Chính phủ đã từng bước hình thành, phát triển thị trường điện cạnh tranh, đa dạng hóa phương thức đầu tư và kinh doanh điện, nhằm khuyến khích các nhà đầu tư trong và ngoài nước tham gia đầu tư các công trình nguồn điện theo hình thức BOT (xây dựng – vận hành – chuyển giao).

Tiếp tục đọc “Ngành năng lượng Việt Nam đang đi ngược xu thế”

FDI: many figures, few explanations

Last update 12:00 | 15/12/2017

VietNamNet Bridge – By October 20, implemented foreign direct investment (FDI) had reached $14.2 billion and foreign portfolio investment (FPI) $4.7 billion, according to the General Statistics Office (GSO).

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FDI, FIA, GSO

By October 20, the implemented FDI had reached $14.2 billion

The public now can access figures about foreign investment monthly from the Foreign Investment Agency (FIA) and GSO, and quarterly from the State Bank of Vietnam (SBV), reflected in the Balance of Payments.

According to SBV, the disbursed FDI capital is estimated at $5.9 billion.

Foreign investors (both FDI and FPI) have disbursed $18.9 billion so far this year and commercial banks now hold $13 billion of the disbursed money. Tiếp tục đọc “FDI: many figures, few explanations”

Asia’s newest tiger clawing its way up

Last update 16:35 | 09/12/2017

Tim Harcourt, a JW Nevile Fellow in Economics at UNSW Sydney and former chief economist of the Australian Trade Commission (Austrade), said that Vietnam’s economy is surging, on track to become the newest tiger in Asia, going on to delineate the steps he thinks are required for Vietnam to become a more attractive destination for foreign investment.

Asia’s newest tiger clawing its way up, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Vietnam’s recent growth story has coincided with its opening to the world 

While making my TV show, “The Airport Economist”, I have visited over 60 economies in the past six years. And one that has always stood out to me was the enchanting land of Vietnam, one of the emerging ‘second generation’ tiger economies of Asia. Tiếp tục đọc “Asia’s newest tiger clawing its way up”

Investment incentives for FIEs: money goes to pockets of the rich

Last update 08:00 | 04/12/2017

VietNamNet Bridge – A total of VND35.3 trillion of corporate income tax has been exempted for foreign-invested enterprises (FIEs), according to the Ministry of Finance.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, tax incentives, FIEs, MPI

Vietnam offers big investment incentives to foreign investors

The ministry said that by 2016, the total value of tax incentives and revenue from land use in all economic sectors had reached VND64.278 trillion, or nearly $3 billion.

This includes VND46.829 trillion worth of incentives in corporate income tax (CIT), VND394.9 billion in personal income tax, VND7.875 trillion in land and water surface leasing fees and VND3.802 trillion in land use fees. Tiếp tục đọc “Investment incentives for FIEs: money goes to pockets of the rich”

Next-generation FDI: what’s the new strategy?

Last update 16:00 | 04/12/2017
 VietNamNet Bridge – The draft strategy on attracting FDI in 2018-2023 is being compiled by the Ministry of Planning and Investment (MPI) with support from the World Bank. 

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FDI, MPI, tax incentives

MPI is drafting the strategy on attracting FDI in 2018-2023

After 30 years of foreign investment, 24,000 projects with total investment capital of $313 billion have been implemented in Vietnam. FDI accounts for 25 percent of total investment capital and makes up 20 percent of GDP.

Vietnam, in an effort to attract FDI, has pursued an open policy, offering many incentives to investors. Tiếp tục đọc “Next-generation FDI: what’s the new strategy?”

Chinese capital flows to Vietnam’s infrastructure projects

Last update 08:00 | 22/09/2017
VietNamNet Bridge – The proposed Long Thanh Airport as well as many other huge infrastructure projects are attracting many Chinese investors.


vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Long Thanh, ADB, infrastructure development

Vietnam considers the upgrading of infrastructure as one of its top priorities. An ADB report shows that investment in infrastructure in Vietnam has been 5.7 percent of GDP in recent years, the highest level in SE Asia and second highest in Asia. Tiếp tục đọc “Chinese capital flows to Vietnam’s infrastructure projects”

Vietnam seeks higher-quality FDI: experts

Last update 17:00 | 27/11/2017
VietNamNet Bridge – While Vietnam needs foreign capital to develop the economy, it also requires advanced technologies to become involved more deeply in the global supply chain.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FDI, FIA, SSC

            The FDI capital would exceed the $30 billion threshold by year end



At a meeting with Japanese investors recently, director of the Binh Duong Planning and Investment Department Nguyen Thanh Truc said foreign investors pledged to invest $2.171 billion in the province this year.

Meanwhile, HCMC is leading the country in FDI (foreign direct investment) with total committed capital of $5 billion this year. Tiếp tục đọc “Vietnam seeks higher-quality FDI: experts”

Huge foreign-invested real estate projects remain on paper

Last update 12:00 | 29/10/2017
VietNamNet Bridge – The ‘super projects’ registered by foreign investors with huge investment capital of billions of dollars are still on paper. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Ha Long, FDI, Nguyen huu Thang

In 2008, when reporting about the Vietnam Financial Center (VFC) project licensed by HCMC authorities, local newspapers called it a ‘super project’. It was expected to include three high-rise 48-storey buildings for offices, shopping malls and 5-star international hotels.

However, the project remains on paper. In 2014, Berjaya, the investor, asked for the municipal authorities’ permission to scale down the project by half. Tiếp tục đọc “Huge foreign-invested real estate projects remain on paper”

Dự trữ ngoại hối tăng “sốc”: nên mừng hay lo?

Hà Đông Thứ Sáu,  20/10/2017, 08:36 (GMT+7)


Sự tăng giảm thất thường của dự trữ ngoại hối cho thấy môi trường kinh tế vĩ mô thiếu sự ổn định. Ảnh: Thành Hoa

(TBKTSG) – Số liệu chính thức cho thấy dự trữ ngoại hối của Việt Nam tính đến hết quí 3-2017 đạt 45 tỉ đô la Mỹ, tăng thêm 6 tỉ đô la Mỹ so với cuối năm 2016. Như vậy, dự trữ ngoại hối của Việt Nam đã có sự tăng trưởng “thần kỳ” trong năm 2016 và 2017.

Cần một sự tăng trưởng bền vững hơn

Theo đó, Ngân hàng Nhà nước (NHNN) đã mua được khoảng 11 tỉ đô la Mỹ trong năm 2016 và khoảng 6 tỉ đô la Mỹ trong chín tháng đầu năm 2017. Tuy nhiên, nếu nhìn lại dữ liệu lịch sử thì có lẽ chúng ta cần một sự tăng trưởng bền vững hơn của dự trữ ngoại hối thay vì tăng sốc như hai năm gần đây. Tiếp tục đọc “Dự trữ ngoại hối tăng “sốc”: nên mừng hay lo?”

Vietnam attracts foreign investment, but technology transfer remains low