Vietnam’s incentives for international firms for setting up units to manufacture hi-tech products, the pool of low-cost workers, and the proliferation of free trade agreements (FTA) are major factors that make Vietnam a favourite Asian market for investors, a report by The Economist Intelligence Unit (EIU) has pointed out.
Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated.
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.
Vietnam has been successful in controlling COVID-19 in 2020 and is likely to keep the situation contained next year, said Joseph Incalcaterra, chief economist for ASEAN at the HSBC Global Research, on an article recently published on www.dailymirror.uk.
The disbursement of State budget capital reached an estimated 91.1 percent of the plan set for the year and rose 34.5 percent year-on-year, the highest rate in the 2011-2020.
The Republic of Korea (RoK) poured about 8.2 million USD into Vietnam’s education sector during the first 11 months of this year, accounting for 57 percent of the country’s total FDI in the field.
The Embassy of Vietnam in Japan and the International Friendship Exchange Council (FEC) jointly held the 60th Business Forum in Tokyo on December 9, attended by representatives from 20 Japanese enterprises.
Vietnam attracted 26.43 billion USD in foreign direct investment (FDI) in the first 11 months of 2020, according to the Ministry of Planning and Investment.
Vinh Phuc province views localities and businesses in the Republic of Korea (RoK) as its partners of top importance and a key factor in its international integration strategy, Hoang Thi Thuy Lan, Secretary of the Vinh Phuc Party Committee, has said.
The Eurasian Times has recently published an article on Vietnam’s success in attracting foreign direct investment (FDI), saying the Southeast Asian nation has emerged an FDI hub in Asia.
As of the beginning of October, Ho Chi Minh City has licenced nearly 30,000 new businesses with combined registered capital totaling 667 trillion VND (28.64 billion USD), according to the municipal Department of Planning and Investment.
Though the Government has taken decisive steps to curb the impacts of the COVID-19 pandemic, there are still risks to the economy, economists said at a seminar in Hanoi on October 15.
The first eight months of 2020 have seen few foreign direct investment (FDI) projects in Vietnam's textile industry, a far less lively picture compared to the same period last year, the department of foreign investment under the Ministry of Planning and Investment has reported.
FDI inflows into Vietnam will soon bounce back once the COVID-19 pandemic is brought under control, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima said on September 9.
Vietnam’s robust economic performance over the past three decades has been heavily dependent on exports and foreign direct investment (FDI), with foreign invested companies accounting for 67.8 percent of the country’s total export turnover in 2019, according to the Institute of Southeast Asian Studies (ISEAS) of Singapore.
Hanoi should focus on improving its infrastructure system while hastening administrative reforms to attract investors eyeing Vietnam amid the global production shift, experts have said.
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.
Politburo member and permanent member of the Communist Party of Vietnam (CPV) Central Committee's Secretariat Tran Quoc Vuong received Japanese Ambassador to Vietnam Yamada Takio in Hanoi on July 8 on the occasion of the start of his tenure in Vietnam.
As of June 20, foreign investors’ the newly registered and adjusted capital and capital for purchasing shares in Vietnam totaled 15.67 billion USD the first 6 months this year, nearly 85% of the same period last year, according to the Ministry of Planning and Investment.
Vietnam is sparing no efforts to implement tax reform measures along with the application of information technology in tax administration to disclose budget information, according to the Vietnam Annual Economic Report 2020 launched at a conference in Hanoi on June 17.
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