Many enterprises from countries such as the UK, the Republic of Korea and Japan said Vietnam is an attractive investment destination, given the country’s stable macro-economy, rapid growth and large market with a rising middle class.
More than 300 domestic and foreign businesses are showcasing their products and services at the Food & Hotel Vietnam 2022 at the Saigon Exhibition & Convention Centre in Ho Chi Minh City from December 7-9.
Prime Minister Pham Minh Chinh chaired a hybrid meeting with foreign-invested enterprises and business associations on September 17, during which he pledged to create favourable conditions for FDI enterprises to invest successfully and sustainably in Vietnam.
Vietnam has paid due attention to improving its investment environment and creating conditions for foreign enterprises to do long-term business in the country, Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang told a press conference on May 26.
Some major businesses of Denmark and Norway have expressed their special interest in developing offshore wind power in Vietnam during recent meetings with officials of the Ministry of Industry and Trade (MoIT).
Despite negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector, thanks to its advantage of geographical location and skilled labour force, according to CEO of BW Industrial Development JSC Lance Li.
According to Lance Li, CEO of BW Industrial Development JSC, despite the negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector thanks to its advantage of geographical location and skilled labor force.
Despite negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector thanks to its advantage of geographical location and skilled labour force, according CEO of BW Industrial Development JSC Lance Li.
Foreign investors poured 23.74 billion USD in new projects, existing projects, and in contribution of capital and share purchases as of October 20, up 1.1 percent year-on-year, reported the Ministry of Planning and Investment.
According to the Ministry of Planning and Investment foreign investors poured nearly 24 billion USD in new projects, existing projects, and in contribution of capital and share purchases as of October 20, up more than 1 percent year-on-year.
Foreign investors poured 23.74 billion USD in new projects, existing projects, and in contribution of capital and share purchases as of October 20, up 1.1 percent year-on-year, reported the Ministry of Planning and Investment (MPI).
The Vietnamese Government always listens to and creates the best possible conditions for foreign enterprises and investors to clear hurdles, set up a new normal environment, and recover their production and businesses at the earliest possible, under the motto of preventing disruption to production and supply chains and ensuring a smooth circulation of goods across the country, stated Foreign Ministry Spokesperson Le Thi Thu Hang.
While a number of foreign companies have moved part of their production or orders to other countries, many still see Vietnam as a good location for investment in the long term.
Indonesian businesses and nationals have presented 169 million VND (7,400 USD) and necessities worth more than 120 million VND to Ho Chi Minh City, which is Vietnam’s current largest COVID-19 hotspot.
HDBank has increased its working capital by 71 million USD through a syndicated loan from a consortium of eight leading Taiwanese banks and an Indian bank arranged by Mega International Commercial Bank.
Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19.
Foreign corporate executives remain optimistic about Vietnam’s economic prospects despite the new COVID-19 outbreak that prompted the imposition of social distancing in some localities, especially in the central city of Da Nang.
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