While countries across the world are still in the fight against Covid-19, Vietnam has resumed business as usual and become one of the first countries to diversify the supply chains.
FDI to Hanoi continues to rise while global investment activities shrink due to the growing impacts of the Covid-19 pandemic.
A Japan External Trade Organization (JETRO) representative has high expectation for Hanoi as the city is joining a nationwide effort to boost the economy back on track.
Vietnam holds a number of advantages against other countries at a time when investors are looking to exit China, according to experts.
Despite a decline, the rate for Vietnam is the highest in Southeast Asia and the third highest in Asia and Oceania, according to the JETRO survey.
The number of small enterprises upgrading to mid-sized and from mid-sized to large ones is very low, while the capital accumulation process among private companies has not been up to standard.