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COVER STORY

A SHARE OF THE SPOILS

The recent signing of large-scale cooperative agreements with foreign
partners confirms the positive prospects for FDI attraction.

NHI HOA Reports

PHOTO: VIET TUAN
ingaporean investors committed to Group in researching investment oppor- According to figures from the Foreign
investing more than $11 billion in tunities and implementing a logistics project Investment Agency at the Ministry of Plan-
S Vietnam at the Vietnam-Singapore on over 70 ha in Can Giuoc district in the ning and Investment (MPI), as of March
Business Dialogue held within the frame- Mekong Delta’s Long An province, and 20, total newly-registered capital, additional
work of State President Nguyen Xuan TH Group working with HAO Mart on capital, and capital contributions for share
Phuc’s visit to Singapore at the end of Feb- consuming and promoting the former’s purchases by foreign investors had reached
ruary. The Sovico Group and partners, for fresh milk and safe and organic products $8.9 billion this year. There have been 322
example, now have a number of cooperative in the Singapore market. new projects granted investment certificates,
agreements worth a total of some $5.2 bil-
lion. According to Mr. Wee Ee Cheong,
Deputy Chairman and CEO of United FDI CAPITAL ATTRACTION, 3M 2022 (AS OF MARCH 20)
Overseas Bank (UOB), Vietnam is attracting
greater attention from foreign investors Additional capital:
as it continues to benefit from the Regional $4.06 billion
Comprehensive Economic Partnership
(RCEP), and foreign investment in the
region and in Vietnam is likely to increase Newly-registered capital:
strongly into the future. $3.2 billion
TOTAL
$8.9 billion
POSITIVE SIGNS
Other major cooperative agreements Paid-in capital for share purchases:
include HDBank teaming up with the $1.6 billion
Thought Machine Group on advanced
technological solutions for digital banking Source: Foreign Investment Agency (Ministry of Planning and Investment)
services, the T&T Group joining the YCH

10 | VIETNAM ECONOMIC TIMES | APRIL 2022 www.en.vneconomy.vn