Political stability, availability of skilled workers in technical and non-technical fields, and adequate transport and logistics infrastructure are factors attracting German companies to Vietnam.
Investment from foreign companies into supporting industries in Hanoi could help local firms further integrate into global supply chains.
The responsibilities of the task force groups are to identify bottlenecks and difficulties facing ministries, central agencies, and provinces during the implementation of public investment.
Hanoi would continue to speed up construction progress and public investment, identified as a major solution to spur economic growth and further attract investment capital to the city, said the city’s mayor.
Vietnam’s economy has the chance to attract a new wave of high-quality and green FDI from European investors who are looking for a safe and competitive investment destination.
Vietnam’s logistics market is expected to grow at an average of more than 13% per year by the end of 2022 and subsequent years.
With UK’s expertise in renewables development and Vietnam’s huge natural resources, experts expect a win-win situation for both sides in promoting green growth.
English teaching will be enhanced in Vietnam as the country will soon welcome US Peace Corps volunteers for the first time ever.
The UKVFTA has created strong spillovers, not only in trade but also in investment from the UK to Vietnam and vice versa.
The Government is in a process of setting up an investment portfolio to be included in a public investment scheme, which is expected to complete this month.
The goal would be to fully disburse 100% of the allocated funds in 2022 with high quality and efficiency.
European companies ended 2021 more positive and optimistic about the trade and investment environment in Vietnam.
The Vietnamese Government sees Samsung as a successful investment model in Vietnam.
AmCham will continue to work on lowering barriers to trade and creating a high-standard, transparent, and stable business environment in Vietnam.
This year, the city is set to disburse VND38.8 trillion ($1.68 billion) in public funds or 93.3% of the target set by the prime minister.
Australian businesses consider Vietnam one of the most potential markets for investment and trade.
Nearly VND200 trillion ($8.8 billion) out of a total VND461.3 trillion ($20.2 billion) remain unspent, requiring huge efforts for the Government to fully disburse the amount in the last two months of the year.
