In addition to being positive on cross-border investment, 62% of respondents in Vietnam expect to increase their domestic investment in the next 12 months, higher than other economies such as China, Japan and Singapore.
South Africa, with a population of over 56 million, is Africa’s most developed economy and already an important market for Vietnamese enterprises.
The bill, which amends the Law on Investment 2014 and will be discussed at the National Assembly’s eighth session next month, includes the two long-awaited changes regarding foreign investors.
The EVFTA will help Vietnam improve the quality of foreign investment, attracting more capital in a number of industries in which the EU is strong such as processing and manufacturing, hi-tech applications, clean energy and financial services.
Vietnam’s telecommunication market is becoming more attractive to foreign investors as it has returned to the growth path in the first half of 2019 after a long period of saturation.
All Vietnamese transportation sectors, including airports, seaports, toll roads and railways, would be attractive to foreign investors in a general sense.
Rising air travelers have been the main driver for the growth of duty-free shops at Vietnamese airports.
The Chinese government has implemented policies to spur nighttime economy, including directly subsidizing the service and business activities from 8.pm to 6.am the following morning.
Taking into account the potential sale of 108 SOEs in the list, SCIC’s revenue in 2019 could reach VND21.6 trillion (US$934.55 million).
The project will be implemented through the public-private partnership (PPP) format.
The city is committed to creating a favorable investment environment of international standards.
The business forum is an effort of the Indonesian embassy in Hanoi to promote trade between Vietnam and Indonesia in line with the target of reaching the two-way trade turnover of US$10 billion by 2020.
Vietnam has huge needs for airport infrastructure development.
One third of US companies operating in China are considering relocating their production facilities abroad, and Vietnam is one of their top destinations.
Vietnam is still at a low level of automation compared with other countries in Southeast Asia, including Malaysia and Thailand.
According to experts, the shift of this investment capital flow is aimed to catch up with huge opportunities from the CPTPP and the Regional Comprehensive Economic Partnership (RCEP).
The municipal People’s Committee proposed an increase of capital expenditure from VND29,019 billion (US$1.24 billion) to VND30,992 billion (US$1.33 billion).
Vietnam aims to increase renewable power output from 58 billion kWh in 2015 to 101 billion kWh by 2020 and 186 billion kWh by 2030, equivalent to 7 percent of total supply in 2020 and 10 percent in 2030
That Macquarie shows interest in large scale investment projects in Vietnam would be a big push and motivation for enterprises from Vietnam and Australia, the governmental portal reported.
In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) expanded 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate so far.