Business

Chinese daily affirms attractiveness of Vietnam’s investment environment

The International Business Daily, the mouthpiece of the Chinese Ministry of Commerce, recently posted an article highly valuing Vietnam’s investment and business environment, especially its efforts in and results of attracting foreign investment in recent times and future prospects.
Chinese daily affirms attractiveness of Vietnam’s investment environment ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – The International Business Daily, the mouthpiece ofthe Chinese Ministry of Commerce, recently posted an article highly valuing Vietnam’sinvestment and business environment, especially its efforts in and results ofattracting foreign investment in recent times and future prospects.

The article wrote that over recent years,with the stable development of the economy, Vietnam has attracted an increasingattention of investors, and always leads Southeast Asia in terms of foreign directinvestment (FDI) attraction.

Compared to other Southeast Asiancountries, Vietnam is more attractive to foreign investors because of its advantages - astable political institution and an abundant and skilled workforce. Over recentyears, Vietnam's semiconductor and high-tech industries have grabbed much attentionfrom the world.

It cited data from the Vietnamese Ministryof Planning and Investment’s Foreign Investment Agency as saying that by January 20, Vietnam had attracted more than 2.36 billionUSD in foreign investment, up 40.2% year-on-year.

The author forecast that Vietnam's FDIattraction will maintain good growth momentum this year and the next period,given the fact that the Vietnamese Government always creates favourableconditions for investors for mutual development and benefit, with a lot of incentives on tax, factories, labour, raw material supply, and infrastructure.

According to the author, Vietnam boasts richnatural resources, a rapidly growing consumer market, and a continuouslyimproving policy environment, thus creating huge market potential thatinvestors can exploit./.
VNA
# International Business Daily #Chinese Ministry of Commerce #Vietnam #investment and business environment #FDI #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Vietnam looks to remain strong competitor for global FDI

Vietnam looks to remain strong competitor for global FDI

Vietnam remained an exception in attracting foreign direct investment (FDI) on the global and regional scale last year. The Southeast Asian economy was expected to attract a large amount of FDI this year, said economists and analysts.
Vietnam’s FDI inflow surges nearly 39% in two months

Vietnam’s FDI inflow surges nearly 39% in two months

Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.

See more

Key export sectors such as textiles – garments, footwear and furniture, along with many signature products of Da Nang, have strong potential to expand their markets through online export channels. (Photo: VNA)

Da Nang seeks to boost online exports

To help businesses go global, Da Nang is shifting from supporting individual online activities to developing an integrated ecosystem covering products, branding, platforms, payments, logistics, legal issues and market information. This is also part of the city’s e-commerce development orientation for 2026-2030, which identifies e-commerce as an important component of the digital economy.

Deputy Minister of Foreign Affairs Le Thi Thu Hang receives Rolf Mutzenich, a member of the Foreign Affairs Committee of the German Bundestag, in Hanoi on August 18. (Photo: baoquocte.vn)

Vietnam welcomes German firms’ expansion

Vietnam welcomes and stands ready to create favourable conditions for German businesses to expand their investment and operations in the country, particularly in infrastructure, smart seaports, renewable energy, high-speed railways, science and technology, and high-quality human resource training.

Khanh Hoa province has the largest sheep population in Vietnam, with around 100,000 individuals. (Photo: VNA)

Khanh Hoa province explores Halal ecosystem development

Khanh Hoa aims to estabish itself as a Halal-friendly destination while supporting businesses in expanding export markets, attracting strategic partners and investors, and drawing projects from countries with strong Halal logistics, tourism, manufacturing, processing and agriculture sectors.

The proportion of Vietnamese goods remains high at supermarkets. (Photo: VNA)

Vietnamese brands win over domestic consumers to go global

Amid increasingly fierce global competition, the goal is no longer simply to increase domestic consumption of Vietnamese goods, but to develop strong Vietnamese brands capable of winning consumers through quality, innovation and added value, thereby creating a stepping stone for expansion into international markets.

Illustrative image (Photo: VNA)

Automated VAT refunds to be rolled out from December

As of August 11, VAT refunds rose 32% from a year earlier, reaching 64.4% of the full-year estimate. Tax authorities issued 11,627 refund decisions totaling 111.726 trillion VND (4.26 billion USD), up 9% by volume. The payouts improved cash flow for companies and supported production, trade and exports.

ST25 rice is the centrepiece of the Vietnam Goods Week at Selgros. (Photo: VNA)

ST25 rice officially enters Selgros wholesale supermarket chain in Germany

The placement of ST25 rice on Selgros shelves not only creates an additional opportunity for German consumers to access Vietnamese rice products, but also contributes to efforts to increase the added value of Vietnamese agricultural products by shifting the focus from volume to quality, branding and value.

Trains on the elevated section of the Cau Giay – Nhon route in Hanoi provide convenient transportation for local residents. (Photo: VNA)

Multimodal connectivity to drive Vietnam’s transport infrastructure

Under the proposed approach, roads would serve mainly as connectors and for first- and last-mile transport; railways would handle large volumes over long distances; maritime transport would serve import and export cargo; inland waterways would carry large volumes at low cost; and air transport would focus on fast delivery and high-value goods.

Amata Industrial Park in Dong Nai city (Photo: VNA)

Green shift powers investment in southeast Vietnam

The Amata Industrial Park in Dong Nai City, established 32 years ago and covering more than 500ha, is home to over 160 domestic and foreign businesses. Selected in 2020 as one of three national pilot sites for conversion into an eco-industrial park, Amata has raised its compliance with the international eco-industrial park framework from 41% to 86% in 2024, and is working towards becoming Dong Nai's first certified eco-industrial park.