Vietnam a bright spot for foreign investors: experts

Vietnam has been chosen among leading destinations in Southeast Asia by Japanese investors, Nakajima Takeo, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi, has said.
Vietnam a bright spot for foreign investors: experts hinh anh 1A corner of HCM City (Photo: VNA)
Hanoi (VNA) – Vietnam has been chosen among leading destinations in Southeast Asia by Japanese investors, Nakajima Takeo, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi, has said.

The country’s population is forecast to hit 106 million by 2050 with the middle class on the rise, which turns the market into a favourable one for retail businesses, according to JETRO.

Vice Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Torben Minko said that European firms are confident about Vietnam’s efforts in COVID-19 prevention and control, as industrial parks maintain operations, the number of laid-off workers is kept to a minimum and the supply chain is maintained.

A recent survey by EuroCham revealed that the Business Climate Index (BCI) hit 73.9 points in the first quarter of this year, the highest level since the Q3 2019, before the pandemic broke out.

When asked about the prospects of Vietnam’s business environment in the next quarter, 67 percent predicted either “excellent” or “good” - a 12 percent increase compared to the previous one.

EuroCham Chairman Alain Cany said that while COVID-19 wreaks havoc in countries around the world, Vietnam can be certain that companies can operate their business without interruptions.
Vietnam a bright spot for foreign investors: experts hinh anh 2A production line in plant of Toyota Vietnam invested by Japan in Vinh Phuc province (Photo: VNA)
For her part, Michele Wee, Chief Executive Officer at Standard Chartered Bank Vietnam, said that FDI influx to Vietnam will be maintained in the medium term.

The country posted a GDP growth rate of 2.91 percent in 2020, being among economies with the highest economic expansion in the year.

Foreign investors pumped nearly 14 billion USD into the country as of May 20, a year-on-year increase of 0.8 percent, according to the Ministry of Planning and Investment.

Disbursed FDI in Vietnam hit 7.15 billion USD in the first five months, an increase of 6.7 percent compared to the same period last year.

Global credit rating agencies of Moody’s, S&P and Fitch recently revised Vietnam’s outlook to “positive”./. 
News

Hoi An enters top 15 cities in Asia

The ancient town of Hoi An in the central province of Quang Nam has entered the top 15 cities in Asia selected by Travel+Leisure’s World's Best Awards 2021.

Photos of endemic birds in Vietnam on display

A photo exhibition featuring the life of endemic birds in Vietnam, particularly red-crowned cranes, has been introduced in Hanoi. Entitled “Moment of Nature”, the exhibition is aimed at delivering a message of protecting the natural environment.

Fishermen pull in nets in Da Nang city

Fishermen in the central city of Da Nang catch fish by tying ropes to their waists, walking backwards and using all of their strength to pull in fishing nets.

Pristine Lieng Nung waterfall in Dak Nong province

Located in Gia Nghia city, Dak Nong province, Lieng Nung waterfall, formed by the flow of Dak Nia stream which runs through N’Jrieng village, shows the wild beauty of the mountains and forests.