Vietnamplus

The “Korean Cultural Day in Ha Nam” programme was held on April 7 evening in the Red River Delta province of Ha Nam which is home to 111 businesses from the Republic of Korea (RoK).

The northern province of Vinh Phuc has called for investments in support industries for automobile, motorbike and electronic production.

Amcham in Vietnam and the Vietnam Association of Foreign Invested Enterprises jointly held a workshop in Hanoi on March 1 proposing new policies for foreign-invested businesses in the pharmaceutical industry.

A workshop was held in Hanoi on December 15 to strengthen links between domestic and foreign direct investment (FDI) enterprises to develop the supporting industry in Vietnam.

A total of 101,700 labourers were registered at newly-established businesses in August, up 8.8 percent year-on-year, according to the General Statistics Office. ​

Domestic firms in the leather and footwear industry lag far behind their foreign directed investment (FDI) peers as Vietnam cements its position as a leading world exporter in the sector, experts said.

Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which made by FDI firms. Low local content ratio in manufacturing may hold back the economy.

The need to bring about some degree of parity between foreign-invested and domestic firms while fostering increased linkages was highlighted at the Vietnam Business Forum held on June 16 in Hanoi.

Agricultural products are main export commodities of Vietnamese businesses in Dong Nai province while FDI firms here favour the shipment of products of processing, manufacturing and electronics industries.

The turnover of foreign-invested firms continues to dominate Vietnamese exports despite a decline seen in the first half of April, latest statistics show.

FDI firms operating in Vietnam highly evaluated the reform efforts the government, ministries, sectors and localities have made to create a more favourable and healthier business climate.

The Vietnamese Government and State agencies aim to create favorable conditions for foreign investors, including those from the Republic of Korea (RoK) to operate in Vietnam.