Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
Vietnam is currently Foxconn’s largest production hub in Southeast Asia.
A subsidiary of Vingroup has gradually materialized its goal of expanding business in the global market.
Before Tet holiday, the stock market showed sign of recovery following a historic slump, while the gold prices on the world market was on the declining trend.
Vietnam’s stable social-political environment and a fast-growing market are the country’s advantages in attracting investment capital from Japan, said the head of JETRO in Hanoi.
Some large state-owned enterprises are facing difficulties in business valuation, mainly due to complicated financial situations.
Almost half of Japanese firms in Vietnam said they would expand investment in the country in the next one or two years.
Rising political, trade tensions and high public debts across economies in the world require Vietnam to have drastic measures to ensure the economic growth plan to stay on track.
Singapore was the largest investor in the first month of 2021 in Vietnam with an investment capital of US$680.7 million, or 33.8% of the total.
Vingroup is one of the most potential buyers for LG Electronics' smartphone business.
Foxconn plans to invest another US$700 million in Vietnam this year.
More investment from Singapore’s tech firms will help maintain its position as Vietnam’s top investor, Prime Minister Nguyen Xuan Phuc has said.
In a market-based economy, all economic actors compete fairly with each other, while state-owned enterprises (SOEs) are independent and accountable for their own performance, Deputy Prime Minister Truong Hoa Binh has said.
At the close of today, Thai Nguyen International Hospital received strong attention from investors with the share prices going up by a maximum of 20% against the reference price to VND30,000 (US$1.31).
With an investment capital of VND4.86 trillion (US$211 million) and six lanes, the 23-kilometer expressway will be completed within two years, allowing vehicles to run up to 100 kilometers per hours.
FDI commitments in 2020 fell nearly 25% year-on-year to US$28.5 billion.
A survey found that 81% of manufacturing and processing enterprises expected stability and even improvements in performance in the first quarter of 2021.
The Japanese Ambassador lauded the comprehensive and strategic partnership between Vietnam’s state-run Vietinbank and Japan-based MUFG Bank over the years, which has served as a bridge for two business communities to boost trade and investment cooperation.
With huge investment capital required to realize the target, the transport ministry is responsible for finalizing legal framework to help attract greater investment capital for transport infrastructure development.
The country is projected to grow 6.8% in 2021 on condition that the pandemic be contained.
Prime Minister Nguyen Xuan Phuc has allowed localities to use state capital and social resources to upgrade eight border gate economic zones in the period 2021-25.