Opportunities

The government proposes a design speed of 350 km/h for the railway to ensure a modern, integrated, and forward-looking infrastructure appropriate to Vietnam’s geographical and economic conditions.

Remittance volumes will be a new source of demand driving the property market, according to VARS.

Kim Huat Ooi, Vice President of Manufacturing, Supply Chain and Operations and General Manager of Intel Products Vietnam, spoke to The Hanoi Times about Vietnam's semiconductor ambitions and Intel's contribution to making the country a global manufacturing and R&D hub.

The top three neighboring countries whose companies are eager to expand their operations in Vietnam are Thailand (66%), Malaysia (58%), and Indonesia (55%).

The positive trend of foreign capital in the M&A market this year follows the momentum of 2023, where the top five largest deals involved foreign investors.

The move is aimed at attracting foreign capital from future investors and protecting existing businesses.

The strategy to attract more FDI should begin with understanding and assessing the competitive landscape between Vietnam and other Southeast Asian countries.

2024 is a pivotal year, opening up new opportunities for Vietnam to attract high-quality foreign investment.

Beyond production, VinFast aims to create 3,000-3,500 jobs for residents and contribute to the region's economic growth.

Vietnam promised to balance the interests of the government, the general public, and businesses while sharing risks to ensure the legitimate rights of investors.

Vietnam calls for investment in high technology while ensuring a better investment climate for investors, emphasizing institutional framework, infrastructure, and manpower.

The elevation of the US-Vietnam relationship to a comprehensive strategic partnership signifies a deeper commitment to further boost trade and economic ties would lead to an increasing share of US investment soon.

President Joe Biden's state visit to Vietnam offers an opportunity for both countries to strengthen ties in areas such as investment, innovation, chip technology, semiconductors, and sustainable transportation.

During the visit of US President Joe Biden, American investors expect to hear and see progress on a number of pending deals and projects.

Local businesses would have an opportunity to deepen their participation in the international goods supply chain.

Vietnam has many opportunities to become a hub for data connectivity and storage in the ASEAN region.