175 new projects get licences in January

As of January 20, 175 new projects were licenced with a total investment of 1.244 billion USD, a rise of 23 percent over the same period last year, according to the Ministry of Planning and Investment Investment’s Foreign Investment Agency.
175 new projects get licences in January ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – As of January 20, 175 new projects were licenced witha total investment of 1.244 billion USD, a rise of 23 percent over the sameperiod last year, according to the Ministry of Planning and InvestmentInvestment’s Foreign Investment Agency.

During January, 179.1 million USD was added to 76 underwayprojects, equivalent to 55.4 percent of that in the same time in 2016, whileforeign investors also poured 165 million USD to buy shares in companies.

The results pushed total investment made in January to 1.58billion USD, a rise of 9.5 percent over the same period in 2016.

In the reviewed period, total disbursement of directforeign-invested projects was 850 million USD, up 6.3 percent compared to thatin the same time last year.

The agency also reported that the foreign investment sector’sexports (including crude oil) reached 10.291 billion USD, a rise of 9.7 percentyear on year, making up 70.4 percent of total export revenue.

Among 16 areas attracting foreign investment, the processingindustry drew the highest amount of 1.04 billion USD, accounting for 65.5percent of total investment in the first month of 2017. Real estate ranked secondwith 314.8 million USD, followed by the wholesale and retail sector withcombined 66.75 million USD.  

Singapore takes a lead in 50 countries and territoriesinvesting in Vietnam with total capital of 477.8 million USD, accounting for30.1 percent of total investment, followed by the Republic of Korea with 471.2million USD and China with 338.3 million USD.

In January, foreign investors injected their money in 37province and cities, with the largest investment of 696.3 million USD poured intothe southern province of Binh Duong, 201.2 million USD into Ho Chi Minh City,and 159.4 million USD into the northern province of Bac Giang.

Major projects licenced during the month include theVietnam-Singapore Industrial Park 3 in Binh Duong worth 284.75 million USD, andthe 220 million USD KTV-1 tire fabric project invested by Kolon Industries inBinh Duong.

In February, after the week-long Lunar New Year (Tet)holiday, enterprises in many localities have seen an increasing demand forlabourers. About 600 businesses located in Binh Duong reported a need of nearly2,000 new workers, including 18,000 unskilled labourers.

Meanwhile, local firms in the southern province of Dong Naiwill recruit over 30,000 labourers, nearly 40 percent of their demand for 2017,according to the municipal Labour, Invalids and Social Affairs Department.

This year, Dong Nai’s businesses need about 79,000labourers, including over 60,600 unskilled ones.

At the same time, firms in local export processing zones andindustrial parks in Ho Chi Minh City have seen no noticeable changes in theiremployees after the long Tet holiday.

Currently, the firms are employing about 285,000 workers,over 70 percent of whom are from other localities.-VNA
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.