Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.
Vietnam has become an increasingly attractive place for businesses of all types, given the country’s growing consumer class and dynamic workforce, according to the newswire Vietnam Briefing.
The northern province of Bac Ninh on March 3 officially licensed electronics manufacturer Goertek Vina a to raise its investment in its facility at Que Vo Industrial Park to 565.7 million USD from 260 million USD.
President Nguyen Xuan Phuc received some leading Singaporean businesses in innovation on February 25, part of his State visit to Singapore.
Vietnamese President Nguyen Xuan Phuc and Singaporean Prime Minister Lee Hsien Loong held talks on February 25, agreeing to bolster cooperation in all fields.
Singaporean Minister for Foreign Affairs Vivian Balakrishnan has granted an interview to the Vietnam News Agency ahead of a State visit by Vietnamese President Nguyen Xuan Phuc to Singapore, slated for February 24-26.
Vietnam has become one of the six countries with highest COVID-19 vaccination coverage in the world, Standing Deputy Prime Minister Pham Binh Minh told a teleconference between the Government and localities on January 5.
Vietnam was named among the world’s top 20 host economies for foreign direct investment for the first time in 2020 with an inflow of 16 billion USD.
Despite impacts of the COVID-19 pandemic, the inflow of foreign direct investment into Vietnam still rose 4.4 percent year on year in the first nine months of this year to 22.15 billion USD.
The AXA Investment Managers Asia headquartered in Singapore recently published an article which elucidates the reasons behind Vietnam’s high ranking on economic performance and discusses the prospects for broadening the country’s position in the regional and global production ecosystems.
Vietnam’s trade turnover in the first nine months of this year reached 483.17 billion USD, a year-on-year increase of 24.4 percent, according to the General Statistics Office.
As of September 20, FDI inflows into Vietnam increased by 4.4 percent year-on-year to 22.15 billion USD, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
Prime Minister Pham Minh Chinh said Vietnam and the Netherlands should keep reinforcing ties in the time ahead during his reception for Dutch Ambassador Elsbeth Akkerman in Hanoi on September 10.
The Vietnamese Government is always ready to create the best conditions for and stand side-by-side with European firms operating in the country, while wishing that EU countries facilitate Vietnamese investments in fields that Europe has demand for, thus fostering balanced and long-term win-win trade and investment cooperation, Prime Minister Pham Minh Chinh has said.
Vietnam reeled in more than 19 billion USD from FDI attraction in the first eight months of this year, according to the Ministry of Planning and Investment.
Disbursement of foreign direct investment (FDI) capital in Vietnam hit 11.58 billion USD this year to August 20, an increase of 2 percent compared to the same period last year, according to the Ministry of Planning and Investment.
VietnamBriefing, a business news website on doing business in Vietnam, recently published an article highlighting the country’s special factors in attracting foreign investors compared to other regional production sites.
The article “A number of theoretical and practical issues on socialism and the path towards socialism in Vietnam” by Party General Secretary Nguyen Phu Trong upholds the role of the State in ensuring social equity, Faisal Ahmed, Associate Professor of International Business at FORE School of Management in New Delhi, has told the Vietnam News Agency.
State President Nguyen Xuan Phuc hosted a meeting for visiting Australian Minister for Trade, Tourism and Investment Dan Tehan in Hanoi on July 13.
Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment.