Challenges will overwhelm opportunities for Vietnamese part suppliers if they are unable to find ways to upgrade technology and meet international production standards, business executives said on July 24.
Units, organisations or companies that use internal transport will have to obtain transport business licences if the proposed revised law on road traffic from the Ministry of Transport is passed.
Foreign direct investment (FDI) into electronics should aim to promote local companies and enable them to engage in the global value chain, industry insiders have said.
About 84.8 percent of businesses in the processing – manufacturing sector predicted expansion and stability in their production for the first quarter of 2020, the General Statistics Office (GSO) said.
Leaders of northern Ha Nam province had a meeting with nearly 300 foreign direct investment (FDI) businesses on January 9 to inform them about local development achievements and listen to their opinions to facilitate the firms’ operations.
Vietnam is seeking to develop its information and communications technology industry (ICT) with a focus on domestic firms to make it a key economic sector in the next decade, according to experts.
In recent years, Foreign Direct Investment (FDI) capital flow into Viet Nam keeps increasing and has become an important factor in the economic growth of Viet Nam.
Foreign direct investment inflows into Vietnam’s textile and garment industry mounted to 19.5 billion USD over the last three decades with the Republic of Korea (RoK) being the top investor.
In eleven months of 2019, total newly registered and additional capital and share purchase by foreign investors reached 31.8 billion USD, up 3.1 percent compared to the same period last year.
Reuters and Regnum highlighted Vietnam's economic performance, while Bloomberg said Vietnam has really made a more-than-expected breakthrough and is expected to continue to grow rapidly.
An assessment by the Vietnam Chamber of Commerce and Industry (VCCI) shows that currently, less than 40 percent of Vietnam’s firms can join the global supply chain.
The Vietnam Textile and Apparel Association (VITAS) said the total export value of textiles, fiber, and cloth reached 25.7 billion USD in the first eight months of the year, up 8.6 percent year on year, including 60.6 percent from foreign direct investment (FDI) enterprises.
The State budget’s domestic revenue in the first eight months of 2019 is estimated at 808.8 trillion VND (34.8 billion USD), according to the Ministry of Finance.
A recently issued resolution of the Politburo stated that the foreign direct investment (FDI) sector is equal to and has to comply with Vietnamese law like other economic sectors.
Taiwanese FDI firms in the southern province of Binh Duong reported that they are having troubles recruiting workers, in a meeting with local administration on August 21.
About 89.4 percent of surveyed processing and manufacturing enterprises expected their production output would increase and remain stable in the third quarter of 2019, according to the General Statistics Office (GSO).
Vietnam encourages high-quality projects invested by Japanese corporations, Prime Minister Nguyen Xuan Phuc said, pledging to organize regular dialogues to tackle difficulties for Japanese investors.
It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hanoi on May 15.
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