Infrastructure investment, trade environment and competitive labour costs are the three factors that keep Vietnam’s economy humming along and its growth numbers positive, according to an article published on the vietnam-briefing.com.
With a large workforce, lower labour costs and sizeable market, Vietnam is one of the popular destinations for Singapore’s start-ups, according to The Straits Times newspaper.
With local construction contractors recovering after the heavy impact of the COVID-19 pandemic, the increased prices of building materials and the labour costs have a significant effect on their performance.
Growing Tac Cau pineapple, a specialty fruit in southern Kien Giang province, under Vietnamese good agricultural practices (VietGAP), has offered high profits for farmers in Chau Thanh district’s Binh An commune.
Vietnam has been tapped by Japanese firms as the most promising place in Asia to invest in 2020, with India and Southeast Asian countries dominating other top spots, Kyodo News cited a survey as showing on January 8.
The Mekong Delta province of Tra Vinh has encouraged more farmers to grow peanuts with organic fertiliser and less irrigation water to save labour costs and improve income.
Vietnam’s garment and textile sector is set to expand its market share globally, taking advantage of free trade agreements (FTAs) to become “a manufacturer of the world's established brands”, a trade and investment official has said.
The number of small-scale FDI firms are on the rise, with the proportion of those with capital of less than 5 billion VND (214,831 USD) increasing to 37.7 percent in 2018 from 29.6 percent in 2015.
The Netherlands’ Ocean Cleanup organisation had a working session with leaders of Can Tho city on July 24 to discuss the implementation of automatic garbage collection in the Mekong Delta city of Vietnam.
More than 2,000 foreign businesses from 16 countries and territories worldwide have invested some 15.75 trillion USD in Vietnam’s garment and textile sector so far, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.
According to the latest survey conducted by the Japanese External Trade Organisation (JETRO), up to 70 percent of Japanese businesses said they want to expand operations in Vietnam, a year-on-year rise of 10 percent.
Singapore’s non-oil domestic exports (NODX) slid 7.2 percent in December last year, from a year earlier, as shipment of non-electronics products dropped 10.3 percent.
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