Vietnamplus

The Hanoi Industrial Products, Machinery, Equipment and Automation Fair 2023 kicked off in the capital city on May 17.

Capital reallocation plans announced by multinational corporations will offer opportunities for Vietnam to attract foreign direct investment, experts said.

The UK's Daily Mail newspaper has published an article hailing Vietnam as one of the world’s economic success stories.

The sudden increase in demand for land, factories, and warehouses in Vietnam has pushed up rental costs at industrial parks (IPs) near major cities, according to Savills Vietnam.

The Sai Gon Hi-tech Park and industrial parks and economic zones in the southern provinces of Long An, Binh Duong, Dong Nai and Ba Ria-Vung Tau will work together to develop supporting industries under an agreement clinched on October 28.

Vietnam is keen to develop supporting industries and the Government has been working towards the goal of having 1,000 enterprises operating in this sector that are capable of supplying for assembling enterprises and multinational corporations in 2020, Deputy Prime Minister Vuong Dinh Hue said.

Multinational corporations are turning to new modes of foreign direct investment, such as manufacturing and services lease, agricultural contracts and franchising to seek better business results.

Prime Minister Nguyen Xuan Phuc has asked for stronger efforts from sectors to promote macroeconomic stability and control inflation towards fostering sustainable and comprehensive economic growth.

Prime Minister Nguyen Xuan Phuc received leaders from many world leading multinational corporations on the sidelines of the World Economic Forum (WEF) 2019 in Davos on January 23 (local time).

An event connecting technology ventures of Vietnam and the Republic of Korea (RoK) was held in Ho Chi Minh City on August 22 to strengthen cooperation and trade activities between businesses of the two countries.

A new programme was launched in Hanoi on May 24 to help Vietnamese firms become suppliers of multinational corporations and as well as expand operations and improve added values of existing suppliers.