Vietnam's FDI intake up by 11.6% [Yahoo! Finance]
INFINEON TECHS AG S/ADR (IFNNY)
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Source: Yahoo! Finance
11.6% for the same period in 2023, according to the country's Foreign Investment Agency. The government gave 2,492 investment registration certificates between January and September. FDI inflows seem to be concentrated in areas with good infrastructure, skilled human capital, efforts to streamline administrative procedures and investment promotion, according to the Ministry of Planning and Investment. The biggest foreign investor was Singapore, representing 29.7% of the total FDI intake with $7.35b. Vietnam and Singapore have a close bilateral relationship and, recently, have made more concerted efforts to drive cooperation. Vietnam Singapore Industrial Parks (VSIP) is a long-standing example of this relationship. VSIP is a major industrial park developer that is a joint venture between Vietnam's Investment and Industrial Development Corporation and Singapore's Sembcorp Development Group which was first established in 1996. At a September event at the Vietnamese Embassy in Sin
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