Vietnamplus

News and World Report of the US has ranked Vietnam eighth among 29 best economies to invest in, and first among the Association of Southeast Asian Nations (ASEAN) in the list.

The northern province of Vinh Phuc has been an ideal destination for investors thanks to its geographical location and preferential policies for investment attraction.

Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.

Close to 200 businesses representing over 270,000 enterprises in Hanoi were honoured at a programme held at the Opera House on October 11 night for their outstanding performance as well as their important contributions to the development of the capital city and the nation.

Hanoi’s efforts to boost economic development have paid off, cementing the capital’s place as an economic locomotive of Vietnam.

Experts from the Vietnam Institute for Economic and Policy Research (VEPR) have forecast that economic growth will reach 7.26 percent for the fourth quarter and 7.05 percent for 2019, compared to 6.6 – 6.8 percent as assigned by the National Assembly.

Vietnam is a bright spot in foreign direct investment (FDI) attraction in Southeast Asia, said Sam Cheong Chwee, Executive Director and Head of United Overseas Bank (UOB) Group’s Foreign Direct Investment Advisory Unit at UOB.

The medium-term outlook for the Vietnamese economy is broadly positive despite persistent downside risks, the World Bank (WB) said in its East Asia and Pacific Economic Update released on October 10.

Hanoi raked in about 6.23 billion USD in foreign direct investment (FDI) during the first nine months of this year, continuing to lead the country in FDI attraction, according to the municipal People’s Committee.

Indonesia’s Ministry of Trade will revise 18 ministerial regulations considered to be hampering exports and investments, said the country’s officials recently.

Industrial production value of the northern province of Hai Duong hit 174.6 trillion VND (over 7.5 billion USD) in the first nine months of 2019, equivalent to 84.1 percent of the plan set for the year, and up 12.3 percent against that of the same period last year.

Secretary of northern Bac Ninh provincial Party Committee Nguyen Nhan Chien hosted a local reception on October 2 for a delegation from the Russia – Vietnam Friendship Association led by General Director of Russia’s Yaroslav Region Export Support Centre Bagrova Natalia.

The northern province of Hai Duong has made drastic efforts to accelerate international integration in recent years.

Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg.

Hanoi led 59 cities and provinces receiving foreign direct investment (FDI) in the first nine months of this year by luring 6.15 billion USD, or 23.5 percent of the total FDI that Vietnam got in the period.

The World Intellectual Property Organisation (WIPO) General Assembly opened its 59th session in Geneva, Switzerland, on September 30, drawing over 1,000 delegates from 191 member countries.

Hong Kong (China) topped 109 countries and territories investing in Vietnam in the first nine months of this year with total capital of 5.89 billion USD, reported the General Statistics Office (GSO).

Foreign investors poured 26.16 billion USD into Vietnam in the first nine months of this year, up 3.1 percent over the same period in 2019, according to the General Statistics Office.

Some members of the national financial and monetary policy advisory council have pointed out certain problems in the economy, warning that failure to address them would not only make faster growth unachievable but also decelerate economic expansion.

More investment has been poured into Mong Cai Border Gate Economic Zone (EZ) in the northern province of Quang Ninh, which holds an important geo-political economic position.