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.
Chairman of the Hanoi People’s Committee Chu Ngoc Anh suggested Samsung provide the city with technical support in developing smart city and smart transport and promoting digital transformation.
The Yen Phong 1 Industrial Park in northern Bac Ninh province has become the first park in Vietnam to gain access to the 5G telecom network, with the new technology launched onsite by Viettel on January 14.
The northern port city of Hai Phong will make efforts to attract between 2.5 - 3 billion USD in foreign direct investment (FDI) in 2021, according to head of the management board of Hai Phong’s economic zones Le Trung Kien.
The southern province of Dong Nai secured 11 foreign direct investment (FDI) projects worth more than 226 million USD in the first half of January, the highest recorded in the same time in the past five years, according to the provincial management board of industrial parks.
Secretary of the Hanoi Party Committee Vuong Dinh Hue told Carolyn Turk, World Bank (WB)’s Country Director for Vietnam that Hanoi is in need of great resources for infrastructure development amidst its fast urbanisation during their meeting in Hanoi on January 12.
Industrial production in the northern province of Ha Nam totalled 110.69 trillion VND (nearly 4.78 billion USD) last year, a 19 percent increase against 2019 and 5 percent higher than the annual plan, despite the impact of the COVID-19 pandemic.
Vietnam has highlighted India’s economic achievements despite global instabilities, trade tension and the COVID-19 pandemic at the WTO’s 7th review of India’s trade policies and practices.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting major funds, and foreign investors, said foreign experts on the Gulf Today newswire on January 7.
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.
China's foreign direct investment (FDI) in Thailand is expected to increase significantly over the next few years as Chinese investors are planning to expand their local footprint, a survey by Siam Commercial Bank (SCB) shows.
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
Real estate prices in 2021 are expected to increase by 10 percent over the previous year, said Nguyen Van Dinh, deputy general secretary of the Vietnam Real Estate Association (VNREA).
Foreign investors had poured more than 28.5 billion USD into the Vietnamese market as of December 20, equivalent to 75 percent of the amount in the same period last year.
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.
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
China’s direct investment in Cambodia reached 860 million USD in the first 11 months of last year, up 70 percent year-on-year, the Phnom Penh Post cited data from the Chinese Embassy in Phnom Penh as saying on January 5.
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