Vietnam’s machinery and equipment market has achieved solid growth in recent years and the momentum is expected to continue, making the country increasingly attractive to foreign investors, experts have said.
A delegation from the central province of Binh Dinh introduced local economic and tourism potential and sought ways to boost trade and investment ties with US businesses during a working trip to the US from October 12 to 23.
Southeast Asia’s internet economy is forecast to reach 300 billion USD by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said on October 3.
With a political bureau’s resolution on improving legal framework for FDI attraction until 2030 adopted recently, many insiders pin high hope on FDI attraction prospect of Vietnam.
A trade facilitation programme worth over 21.7 million USD funded by the United States Agency for International Development (USAID) was launched in Hanoi on July 10.
Vietnam needs to swiftly perfect its infrastructure to meet growing development requirements as well as foreign investors’ demand, especially when it is expected to become the most attractive investment destination in the region, heard a forum in Hanoi on June 26.
Compared to other regional countries, Vietnam has received special attention from German businesses and become a magnet for investment in the medium term.
With huge potential for wind power development, Vietnam will be an attractive investment destination if it has a stable and long-term legal framework, said Director for Asia at the Global Wind Energy Council (GWEC) Liming Qiao.
After 10 years of implementation, the campaign "Vietnamese people prioritise using Vietnamese goods" has affirmed an important role for domestic trade.
A delegation from Hanoi led by Vice Secretary of the municipal Party Committee and Chairwoman of the People’s Council Nguyen Thi Bich Ngoc is paying a working visit to Ireland and the United Kingdom from May 2-12.
The Ministry of Industry and Trade said only in big retailers such as Big C and Saigon Co.op, the proportion of Vietnamese goods accounts for over 90%, while in other businesses, it accounts for 70%.
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.
Vietnam’s foreign direct investment (FDI) attraction is expected to make a leap, especially in quality, in 2019 as more foreign investors, including big names, in the world’s high-tech manufacturing and services industries are choosing the country as their destination.
Vietnam is at the top of the list of markets that could benefit from trade diversion coming from US-China trade tensions, building on its increasing competitiveness in manufacturing, according to Pham Hong Hai, CEO of HSBC Vietnam.
Vietnam will remain an attractive investment destination in 2019, though impacts of the US-China trade tension that triggered a downturn in global stock markets in 2018 will not end soon, said Managing Director and Chief Investment Officer of VinaCapital Andy Ho.
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.
A Ho Chi Minh City leader has expressed his hope that Japanese businesses will continue to see the city as an attractive investment destination that brings interests to both sides.
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