Vietnamplus

Vietnam invested 49.3 million USD abroad in the first three months of 2020, with the US being the biggest recipient.

Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of 2020, according to a survey conducted by the General Statistics Office (GSO).

Authorities of the northern province of Ha Nam have strived to ease difficulties for foreign businesses operating in the locality in the face of the novel coronavirus disease (COVID-19). ​

Not only domestic businesses but also foreign direct investment (FDI) enterprises saw a two-digit drop in their export turnover in the first month of 2020.

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’s foreign trade is forecast to hit 500 billion USD at the end of 2019, according to the General Statistics Office of Vietnam.

Ho Chi Minh City’s exports are still growing, but slowing down, and so it needs to take measures to boost them if it wants to retain its position as the country’s economic hub, a conference heard on October 17.

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).

According to the Ministry of Industry and Trade, currently many industrial firms of Vietnam have not mastered the core technology, and they mainly join sections of low technological contents.

Hanoi’s Department of Industry and Trade expects foreign direct investment (FDI) firms will team up to develop key industrial products to benefit socio-economic development.

Vietnam’s index of industrial production index (IIP) in May expanded 4.6 percent against the previous month and 10 percent year-on-year, the General Statistics Office said on May 29.

The first edition of the White Book on Vietnamese businesses compiled by the General Statistics Office (GSO) is expected to be released later this month, according to the GSO.

A national symposium was held in Ho Chi Minh City on May 9 to discuss the current impacts of the Fourth Industrial Revolution (Industry 4.0) on labour relations and work quality in foreign-invested enterprises in Vietnam.

The number of small-scale FDI firms are on the rise, with the proportion of those with capital of less than 5 billion VND (214,831 USD) increasing to 37.7 percent in 2018 from 29.6 percent in 2015.

Representatives from foreign-invested (FDI) enterprises in Ho Chi Minh City contributed their ideas and recommendations to spur growth in the city at a meeting with municipal leaders on March 23.

Preferential policies should be applied selectively, targeting FDI businesses with effective operation rather than the scale of investment, Deputy Prime Minister Vuong Dinh Hue said at a working session with the Ministry of Finance in Hanoi on February 28.

Foreign direct investment (FDI) enterprises have played an increasingly important role in boosting socio-economic development in the northern province of Vinh Phuc, especially in generating jobs for workers.

The People’s Committee of Bac Ninh province granted investment licences to six foreign direct investment (FDI) projects on January 24.

Ha Nam authorities will always accompany and create all favourable conditions for foreign direct investment (FDI) enterprises to invest and expand production in the province, said a provincial leader.