Foreign investors, especially those from the European Union (EU) would find it more appealing to land investment in Vietnam when the EU- Vietnam Free Trade Agreement (EVFTA) takes effect, according to German broadcaster Deutsche Welle (DW).
Authorities of the central city of Da Nang held a gathering on January 17 with overseas Vietnamese (OVs) who returned to the homeland to welcome the Lunar New Year (Tet) festival.
Tidy profits have motivated around 64 percent of Japanese firms in Vietnam to consider expanding their business in the Southeast Asian country, according to the Japan External Trade Organisation (JETRO).
Domestic and foreign investors signed memoranda of understanding on 19 investment projects worth over 205 trillion VND (8.84 billion USD) in the Mekong Delta province of Tra Vinh at an investment promotion conference held by the province on January 15.
The southern province of Binh Duong raked in 3 billion USD in foreign direct investment (FDI) last year, doubling the year’s 1.5-billion-USD plan, according to Vice Chairman of the provincial People’s Committee Nguyen Thanh Truc.
With robust economic growth and a sound business climate, the northern port city of Hai Phong has remained popular among both domestic and foreign investors, said Chairman of the municipal People’s Committee Nguyen Van Tung.
The northern midland province of Phu Tho plans to build three more industrial park (IPs) with a total area of 750ha this year, according to the Phu Tho Industrial Parks Management Board.
Many foreign businesses have expressed their hope for better business and investment environment in Vietnam, especially consistent policies on economic development.
Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has called on Singaporean investors to invest in a number of sectors in the country's new capital city in East Kalimantan Province.
It may take Vietnam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.
The insurance industry aims to maintain a high growth rate of 18.42 percent this year, gaining revenue of 188.73 trillion VND (8.1 billion USD), according to the Ministry of Finance’s Insurance Supervisory Authority (ISA).
Prime Minister Nguyen Xuan Phuc has signed a decision to approve the Da Nang Information Technology Park (DITP) as a centralised information technology (CIT) zone.
Foreign investors have poured around 36.4 billion USD into the Vietnamese stock market by the end of 2019, a rise of 11.6 percent from a year earlier, according to the State Securities Commission (SSC).
Governor of the Bank Indonesia Perry Warjiyo has said foreign capital flow to the country totalled 16.07 billion USD in 2019 despite global economic uncertainties.
A total of 8.45 billion USD in foreign direct investment (FDI) has been poured into Hanoi capital city so far this year, according to the municipal Statistic Office.
International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.
One of the fastest economic growth rates in the region, the signing of free trade and investment protection deals with the EU, and the Politburo’s first-ever resolution on foreign investment attraction were among the top 10 economic events of Vietnam in 2019.
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