The capital city of Hanoi attracted 4.47 billion USD in foreign direct investment (FDI) in the first four months of 2019, up six times compared to the same period last year.
The northern province of Vinh Phuc has exerted various efforts towards international integration, attracting many foreign investors with high technology and helping to boost its socio-economic development.
Prime Minister Nguyen Xuan Phuc called for a breakthrough in Vietnam – Romania economic, trade and investment ties in his address to the Vietnam – Romania business forum in the capital city of Bucharest on April 15.
Da Nang is taking steps to transform itself into a smart city by 2020 in line with the direction from Vietnam’s government and ABB technologies will support this transformation.
Vietnam is a popular investment destination for French businesses, according to Vincent Florean, French Consul General in Ho Chi Minh City.
The Vietnamese Government, ministries, and sectors always create favourable conditions for foreign investors, including those from Thailand, to expand production and business in Vietnam, Deputy Prime Minister Trinh Dinh Dung has said.
The Vietnam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period.
Vietnam is welcoming a strong wave of investment in the property market from Japanese businesses, TMS Homes General Director Nguyen Xuan Huong said on April 4.
In light of fast-changing global trends, Vietnam is eager to see how its new-generation foreign direct investment attraction strategy will harmonise old and new foreign investment approaches.
Inflows of registered foreign direct investment surpassed US$10 billion during the first quarter of this year, reaching peak levels over the last three years, according to a source from the Ministry of Planning and Investment (MPI).
Total FDI hits 10.8 bln USD, up 86.2% compared with the same period in 2018.
Vietnam’s luxury residential sector remains an attractive option to international buyers, regardless of the fact that growth is slowing for luxury home prices across the world’s major cities, as noted by a global real estate services provider.
Three Taiwanese-funded enterprises on March 21 signed deals to invest a total of 30 million USD at the Minh Hung Sikico industrial park in the southern province of Binh Phuoc.
The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vietnam Association of Financial Investors (VAFI).
Southern localities of Vietnam has been a major destination for investment from the Republic of Korea (RoK) in recent years, and local textile-garment and footwear industries have proved to be a magnet for an influx of capital from this country.
More than 50 leading US companies operating in different industries will arrive on March 12 to explore business opportunities in Vietnam, the US-ASEAN Business Council (USABC) has announced.
The Vietnam National Oil and Gas Group (PetroVietnam) has reported an estimated revenue of 111.8 trillion VND (over 4.8 billion USD) in the first two months of 2019, surpassing its target by 8 percent.
The central city of Da Nang is planning to allocate 300ha for the development of a horse racing track and farm with total investment of 200 million USD.
About 65.3 per cent of Japanese companies in Vietnam gained operating profits in 2018, 0.2 percentage points more than in the previous year.
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.