Vietnam is a destination chosen by investors from the Republic of Korea (RoK) in the spheres of technology, environment and high-tech industry, heard a conference in Ho Chi Minh City on July 22.
Over the last decade, Vietnam has become a top destination for investment in manufacturing thanks to four reasons, according to an article freshly published by the news site tradefinanceglobal.com.
Over the last decade, Vietnam has become a top destination for investment in manufacturing thanks to lower labour costs, simpler supply chain integration, better free trade access, and relative political stability, according to an article freshly published by the news site tradefinanceglobal.com.
Despite the strong headwinds brought about by the COVID-19 pandemic, Vietnam, with its resolute and flexible economic solutions, has regained growth momentum and the confidence of foreign investors. The country continues to be an attractive destination for foreign enterprises, including those from the Republic of Korea.
Due to China's strict zero-COVID policy and disrupted supply chains, more and more German companies in Asia are looking for alternatives and neighbouring Vietnam has become a new target, the German weekly business news magazine WirtschaftsWoch wrote in an article published on May 29.
Due to China's strict zero-COVID policy and disrupted supply chains, more and more German companies in Asia are looking for alternatives and neighbouring Vietnam has become a new target, the German weekly business news magazine WirtschaftsWoch wrote in an article published on May 29.
Vietnam is still seen as an attractive destination and the problems of 2021 do not mean that foreign investors will turn away, according to a recent report by Singapore Institute of International Affairs (SIIA).
Vietnam has shown its attractiveness as a sustainable and long-term investment destination thanks to the country's numerous advantages, according to CEO of Nestle Vietnam Binu Jacob.
An online workshop on opportunities brought about by the European Union –Vietnam Free Trade Agreement (EVFTA) for industrial enterprises in Germany’s Bayern state was held by the Bavarian Industry Association (VBW) and the Bavarian Metalworking and Electrical Associations (Bayme VBM) on October 28.
German tape manufacturer Tesa plans to build a 55 million EUR (65 million USD) factory in Northern Vietnam in an effort to expand its production as from 2023, according to Germany’s Handelsblatt newspaper.
Compared to other regional countries, Vietnam has received special attention from German businesses and become a magnet for investment in the medium term.
Economic and trade relations between Vietnam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Vietnam is fast becoming an attractive investment destination for Chinese enterprises.
Southeast Asia has surpassed China to become the region most likely to produce the best investment returns, as the ongoing trade war between China and the US puts a chill on the world’s second-largest economy, according to a survey at the recent Asian Financial Forum 2019.
Vietnam’s business environment has been improved significantly, especially the competitiveness, said US businesses from the US-ASEAN Business Council (USABC).
Ho Chi Minh City was the most attractive destination for foreign investors, luring 3.74 billion USD in the first nine months of this year, accounting for 14.6 percent of the country’s total 25.4 billion USD.
With the target of manufacturing 2.5 million units of automobile by 2020, Indonesia has become an attractive investment destination for the automotive industry.
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