Vietnam’s Finance Ministry will continue to create favourable conditions for foreign direct investment (FDI) companies to operate effectively and sustainably in the country, Finance Minister Ho Duc Phoc said on January 10 when meeting Samsung Electronics President and Chief Financial Officer Park Hark-kyu.
Prime Minister Pham Minh Chinh applauded Intel’s decision to expand its investment in Vietnam while receiving its CEO Patrick Gelsinger in Hanoi on May 27.
The US was the top destination of plastic products from Vietnam in the first half of 2021, accounting for 36.5 percent of total shipments, according to the General Department of Vietnam Customs.
Improving labour productivity is vital for Vietnamese businesses in the context of the Fourth Industrial Revolution, with rapid increases in digitalisation, robotisation and intelligent automation, experts said.
About 22.7 percent of construction firms said they performed better in Quarter 3 while 40.9 percent said their business remained stable, according to the General Statistics Office (GSO).
Business confidence has increased among foreign direct investment (FDI) companies in Vietnam, according to a survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI).
About 130.29 million USD of foreign direct investment (FDI) has been poured into new and existing projects in the northern province of Bac Ninh since the beginning of 2018.
Vietnam recorded a trade surplus of over 3.3 billion USD in 10 months with FDI companies continuing to outpace domestic firms in export revenue, said the General Department of Vietnam Customs.
Nearly 400 FDI companies in the southern province of Dong Nai have increased their minimum monthly wages by about 500,000 VND (22.3 USD) for each worker on average.
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