It is critical for pharmaceutical companies to improve competitiveness with a focus on research and development (R&D), production technology and digitalisation.
National Assembly Chairman Vuong Dinh Hue has suggested the northern province of Hung Yen invest more in infrastructure to draw investors as room for industrial development remains ample in the region.
Malaysia reportedly tops the list of countries with investors submiting the most letters of intent for investments in Indonesia’s new capital Nusantara.
Vietnam always welcomes foreign investors, including those from China, in the spirit of “harmonious interests, shared risks,” Prime Minister Pham Minh Chinh has affirmed.
Deputy Prime Minister Le Minh Khai received President of the Republic of Korea (RoK)’s Samsung Electronics Park Hark Kyu in Hanoi on January 13 and suggested that the Korean firm expand its investment in Vietnam to tap opportunities from the sound partnership between the two countries in all fields.
Five partners from Germany’s Leipzig city and Vietnam on December 21 signed a memorandum of understanding on investment cooperation in air transport and logistics.
President Nguyen Xuan Phuc has wished that the Republic of Korea (RoK)'s corporations would invest more in Vietnam and work closely with Vietnamese partners to make economic cooperation between the two countries on par with their diplomatic ties.
FDI exceeds 22.46 billion USD in the first 10 months of 2022. Among the invested sectors, manufacturing and processing industry comes on top, followed by real estate and then wholesale and retail sectors. Top 10 countries for investment in Vietnam are listed as follows
NovaGroup and Cambodia’s Sokimex Investment Group have officially signed a memorandum of understanding on cooperation in investment and development of the Blue Dragon project, a 115ha urban area in Hong Ngu district, the Mekong Delta province of Dong Thap.
As pork consumption is expected to rise in the short term, many big companies are injecting trillions of dong into pig farming, with a market value estimated at up to 15 billion USD.
Liechtenstein wishes to promote cooperation with the Asia-Pacific region, especially Vietnam, which is a destination for many foreign businesses and investors, to promote the potential and strengths of each country, Hereditary Prince Alois of the Principality of Liechtenstein told Vietnamese Ambassador Phung The Long.
Overseas Vietnamese (OVs) have invested in more than 3,000 firms in Ho Chi Minh City with a total capital amounting to 45 trillion VND (1.91 billion USD), heard a meeting between the municipal Committee for Overseas Vietnamese and representatives of the group held in the city on September 7.
President Nguyen Xuan Phuc welcomed Lotte Group’s investment of nearly 5 billion USD in Vietnam and suggested the Republic of Korea’s conglomerate further invest in Vietnam’s large projects, while hosting Lotte Chairman Shin Dong-bin in Hanoi on August 31.
A proposal by the Vietnam Oil and Gas Group (Petrovietnam) to invest in a petrochemical and refinery complex and national oil storage facility with total investment of nearly 19 billion USD in the southern province of Ba Ria-Vung Tau is a good idea, said Dr. Nguyen Quoc Thap, Chairman of the Vietnam Oil and Gas Association.
Indonesian President Joko Widodo has said that the Republic of Korea has agreed to support the development of the country's new capital (IKN) Nusantara with a total investment of 6.37 billion USD.
Chinese technology giant Alibaba is set to invest over 100 million USD in Indonesia-listed telecommunications operator PT Smartfren Telecom – part of the Sinar Mas Group, reported an article published on the financial news site DealStreetAsia.
Vietnamese young intellectuals and entrepreneurs in the US have expressed their wish to contribute to the development of Vietnam in general and Ho Chi Minh City in particular at a recent meeting with a delegation of HCM City officials led by the municipal People’s Committee Phan Van Mai during their visit to the US.
Business
