Vietnamplus

Foreign investors pumped nearly 700 million USD into the central coastal city of Da Nang in 2019, according to the municipal Department of Planning and Investment.

International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.

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 and added values.

The Vietnamese steel industry is expected to face difficulties this year due to an increase in production capacity, falling demand and protectionist measures by countries to reduce imports, according to experts.

Japanese investment in Vietnam has strongly developed in both quality and quantity as investors are applying the most advanced technologies in production, experts have said.

Expanding external relations has helped many localities across the country mobilise resources and assistance for their development.

The southern province of Dong Nai last year scrapped the licences it had issued for 531 proposed foreign projects due to slow progress.

The People’s Committee of Bac Lieu province on January 21 granted an investment decision to Singapore’s Delta Offshore Energy Pte.Ltd (DOE) to build a 3,200MW liquefied natural gas-fired power plant.

After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.

The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels.

The ASEAN+3 Macroeconomic Research Office (AMRO) paints a positive economic outlook for the ASEAN region, China, Japan, and the Republic of Korea (RoK), projecting their growth to hit 4.9 percent in 2020.

Friendship and cooperation have been the mainstream of Vietnam-China relations over the past seven decades, Deputy Prime Minister and Foreign Minister Pham Binh Minh affirmed in his article on the occasion of the 70th anniversary of Vietnam-China diplomatic relationship.

Vietnam has to spare no effort to achieve economic growth of 6.8 percent and keep inflation rate of below 4 percent in 2020 amid global political uncertainties, said the Vietnam Institute for Economic and Policy Research (VERP) at a workshop in Hanoi on January 16.

Tidy profits have motivated around 64 percent of Japanese firms in Vietnam to consider expanding their business in the Southeast Asian country, according to the Japan External Trade Organisation (JETRO).

The southern province of Binh Duong raked in 3 billion USD in foreign direct investment (FDI) last year, doubling the year’s 1.5-billion-USD plan.

The southern province of Binh Duong raked in 3 billion USD in foreign direct investment (FDI) last year, doubling the year’s 1.5-billion-USD plan, according to Vice Chairman of the provincial People’s Committee Nguyen Thanh Truc.

With robust economic growth and a sound business climate, the northern port city of Hai Phong has remained popular among both domestic and foreign investors, said Chairman of the municipal People’s Committee Nguyen Van Tung.

Cambodia attracted foreign direct investment (FDI) worth nearly 3.6 billion USD in 2019, up 12 percent year-on-year, an English-language daily has reported.

Prime Minister Nguyen Xuan Phuc on January 11 urged the northern province of Ha Nam to further carry forward its potential and advantages as a gateway of Hanoi capital city, and make breakthroughs in development.

The Government will develop an innovative and business-centred ecosystem, Deputy Prime Minister Trinh Dinh Dung said at the Vietnam Business Forum 2019 in Hanoi on January 10.