The Vietnam Association of Foreign Invested Enterprises (VAFIE) has suggested the development of casino services as a means of economic recovery, in a document submitted to the Government.
Foreign-invested enterprises (FDI) in Vietnam have been maintaining production despite difficulties caused by the COVID-19 outbreak while preparing plans to recover after the pandemic ends.
A meeting was held in Hanoi on December 10 for businesses from Vietnam and China’s Chongqing province to discuss investment opportunities in the fields of refrigeration mechanics, motorbike manufacturing, electronics and metallurgy.
The export turnover of enterprises operating in the southern province of Dong Nai in the first five months of 2019 hit 7.7 billion USD, representing a year-on-year rise of 3.41 percent, according to the provincial Department of Industry and Trade.
A national symposium was held in Ho Chi Minh City on May 9 to discuss the current impacts of the Fourth Industrial Revolution (Industry 4.0) on labour relations and work quality in foreign-invested enterprises in Vietnam.
The Vietnam Textile and Apparel Association (VITAS) has set the industry’s export turnover target this year at 40 billion USD, a 10.8 percent year-on-year increase from 2018.
Foreign direct investment (FDI) in Vietnam witnessed a significant yearly increase of 52 percent to 1.9 billion USD in the first month of this year, according to the Ministry of Planning and Investment.
The manufacturing and processing sector garnered the most interest from foreign investors in 2018, attracting 16.58 billion USD, or 47 percent of the registered capital.
Long An province led localities in the Mekong Delta region in budget collection in 2018, which hit over 13.8 trillion VND (over 595 million USD), 3.8 trillion VND higher than the target set for the year.
Experts gathered at a workshop in Hanoi on November 8 to discuss measures to raise the role and responsibility of businesses in realising sustainable development goals (SDGs).
Vietnam has always and will continue to consider foreign-invested enterprises as part of its economy, Deputy Prime Minister Vuong Dinh Hue told head of SME Business Switzerland at Credit Suisse Andreas Gerber during a reception in Hanoi on November 5.
Vietnam will see great momentum for stronger export growth in the second half of 2018, with its export-import turnover estimated to reach the 500 billion USD benchmark by 2019.
Representatives from foreign-invested enterprises and foreign business associations in Vietnam gave their recommendations on fostering linkages between FDI and domestic firms at the mid-term Vietnam Business Forum (VBF) 2018 that opened in Hanoi on July 4.
Very few domestic firms in support industries supply parts for FDI enterprises in the electronics industry, according to Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE).
The Mekong Delta province of Tien Giang saw a record yearly growth of 18 percent in industrial production value in the first half of this year, to nearly 51.1 trillion VND (2.245 billion USD).
Vietnam witnessed growth in textiles and garment exports to most of the major markets in the first five months of 2018, reported the General Department of Vietnam Customs.
Foreign-invested enterprises disbursed 3.88 billion USD in the first quarter this year, up 7.2 percent annually, according to the Ministry of Industry and Trade’s Foreign Investment Agency (FIA).
Business
