FDI businesses attending a high-level session of the Annual Vietnam Business Forum (VBF) 2022 on February 21 spoke highly of the Vietnamese Government’s measures to control COVID-19 and maintain stable production and business activities.
Workers are returning to factories in the southern province of Binh Duong as firms gather pace to bring production back to normal after the nine-day Tet (Lunar New Year) festival, the country’s biggest and longest holiday.
The People’s Committee of the northern province of Thai Binh held a meeting with foreign enterprises in the province on January 27 on the occasion of Tet (Lunar New Year) festival.
While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.
Prime Minister Pham Minh Chinh has affirmed that the Vietnamese Government is always ready to create the best conditions for and do its best to accompany foreign investors in making long-term investment and doing business in Vietnam both during and after the COVID-19 pandemic.
FDI enterprises in Vietnam are joining hands with local counterparts to deliver much-needed reliefs to frontline medical workers and people hurt by the COVID-19 pandemic.
Up to 94 percent of the FDI enterprises in the manufacturing industry tend to step up the application of cutting-edge technologies and automation, thus requiring employees to equip themselves with new skills.
The northern province of Vinh Phuc recorded a decade-high economic growth rate in the first six months of this year, despite difficulties caused by the impacts of the COVID-19 pandemic, according to the provincial Statistics Office.
An employment promotion centre has been launched in Ho Chi Minh City offering job opportunities at foreign direct investment (FDI) businesses for students in central Vietnam after they graduate.
The Mekong Delta province of Tien Giang earned 1.6 billion USD in export value in the first six months of 2021, up 20.3 percent year on year, according to the provincial Department of Trade and Industry.
The industrial production in the Mekong Delta province of Tien Giang grew by 1.13 percent to over 32.86 trillion VND (1.42 billion USD) in the first half of 2021, according to deputy head of the provincial Industrial Zones Authority Nguyen Thanh Liem.
Vietnam’s leather and footwear export saw rosy signs in the first quarter of this year compared with the same period last year, with footwear export turnover reaching 4.74 billion USD, up 13.5 percent.
Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19.
The number of foreign direct investment (FDI) enterprises continues to increase in Vietnam, but more are reporting losses. The Ministry of Finance (MoF) said FDI firms' contributions were not yet commensurate with the preferential policies given to them.
Inspections against transfer pricing will be increased as per a proposal by the Ministry of Finance in the context that more than half of foreign direct investment (FDI) enterprises reported losses.
After the European Union-Vietnam Free Trade Agreement (EVFTA) was adopted in the second quarter of this year, there was a wave of investment in key manufacturing industries in Vietnam and job opportunities for labourers.
The State Audit of Vietnam (SAV), through its regular auditing activities, has discovered many violations of law by foreign-invested enterprises in various fields such as environmental protection, land use, and transfer pricing, said Deputy Auditor General Doan Xuan Tien.
A lack of raw materials and falling consumption demand in foreign markets are challenging enterprises in Ho Chi Minh City. Many of them are hoping for specific policies to help them overcome these difficulties and resume economic activities.
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