Meanwhile, disbursed FDI stood at 21.07 billion US dollars, the highest nine-month figure in the past five years. Manufacturing and processing continued to be a key sector attracting high-quality foreign investment.
This 15,000-square-metre factory is nearing completion in Hung Yen Province, ahead of its planned launch in October to produce gift wrapping paper and festive paper bags for export. With total investment of 7 million US dollars, the project has already disbursed half of its first-phase capital to complete its factory and office facilities.
Chen Jin Bao, chairman of the board of Glitter Vietnam Festival Products Co., Ltd., said: "We chose Hung Yen because it is only 70 kilometres from Hai Phong Port, making it convenient to import materials and export our products. With active support from the industrial park management board, we expect to begin stable commercial operations soon and create around 1,000 jobs for local workers."
Alongside its strategic location and infrastructure, attractive tax incentives are also encouraging international companies to invest. At Hai Long Industrial Park, eligible projects can benefit from a four-year corporate income tax exemption, a 50% reduction for the following nine years, and a preferential tax rate of 10% for 15 years from the point at which taxable income is generated.
Nguyen Van Kiem, a board member of Hai Long Industrial Park, said: "The Vietnamese Government’s support for the economy, including corporate income tax incentives benefiting our industrial park, is of great interest to international businesses. We see these policies as a key factor in attracting major projects to Vietnam".
With disbursed FDI reaching a five-year high, Vietnam continues to strengthen its appeal as a destination for long-term investment. The focus is increasingly shifting towards projects that bring capital, jobs and deeper links with global supply chains.
