Foreign-invested companies in the southern region are speeding up investments and preparing for opportunities as Vietnam is poised to join the Comprehensive and Progressive Agreement for Tran-Pacific Partnership (CPTPP).
Deputy Prime Minister Trinh Dinh Dung and President of the Council of State and Council of Ministers of Cuba Miguel Mario Diaz Canel Bermudes chaired a dialogue with Vietnamese and Cuban firms in Hanoi on November 9.
Prime Minister Nguyen Xuan Phuc has appreciated the Republic of Korea (RoK)’s reputable SK Group for its investments in an effort to help Vietnam spur economic development, thereby contributing to the strategic partnership between the two nations.
FDI capital, along with large-scale projects, is expected to continuously flow into the southern key economic zones till the end of the year.
Many National Assembly deputies shared the view that the Government should take more drastic measures so as to achieve the goal of 1 million enterprises by 2020, noting the under-expectation results of Resolution 35/2016/NQ-CP on developing enterprises to 2020.
Prime Minister Nguyen Xuan Phuc received Vice Chairman of Samsung Group Lee Jae-yong in Hanoi on October 30, asking the Republic of Korea-based firm to expand investment and turn Vietnam into its largest production hub.
Despite the uncertain future of the Trans-Pacific Partnership, US companies are planning to continue expanding their investments and business in Vietnam.
PSNews-The State Securities Commission (SSC) marks its 20th anniversary and received the Independence Order of second class on November 28 in Hanoi.
HANOI - Deputy Prime Minister Vuong Dinh Hue has urged Indian businesses to invest more in Vietnam, which has joined 10 free trade agreements of key regions in the world.
As foreign startups, including South Korean ones, are expanding operations to Vietnam in greater numbers, the market may slip out of the hands of Vietnamese startups if they fail to whip up enough support.
To reach the targets for economic growth for the 2016 – 20 period, the southern province of Binh Duong will focus on eight major works this year to encourage new investment.
The northern province of Quang Ninh always creates favourable conditions for enterprises from the Republic of Korea (RoK) to land investments in the locality.
Representatives of the World Bank (WB) had a working session with authorities of southern Binh Duong province on January 17 to discuss WB-funded projects and local infrastructure investment demand.
Non-equity modes (NEMs) of investment, or cross-border investment without capital contribution, have become an increasingly important form for foreign capital attraction and Vietnam should raise appropriate policies to better lure the inflow, experts said.
Vietnam’s economy expanded by 7.1 percent in 2018, but its increasing openness and reliance on foreign investment suggest it is unlikely to be spared from the global growth slowdown arising from rising trade protectionism and tighter financial conditions.
2019 will be a busy year for ministries looking to cut business prerequisites, and firms should contribute to making the process more efficient, said Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM).
HCM City attracted US$7.07 billion in foreign direct investment (FDI) during 2018, a rise of 7 per cent on-year, according to the HCM City People’s Committee.
The Electricity of Vietnam’s Southern Power Corporation (EVNSPC) has reported that it increased investment in key southern provinces of Binh Duong, Dong Nai, Long An, Tay Ninh and Ba Ria-Vung Tau for industrial development in 2018.
The central city of Da Nang has approved a master plan for the development of its logistics infrastructure by 2030 with total investment of 13.7 trillion VND (606 million USD).
Alphabet Inc’s Google is investing over $1 billion to establish a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs.