Opportunities

Foreign direct investment (FDI) from the European Union (EU) to Vietnam have started to recover this year after a decline-trend in four consecutive years, according to a report from Foreign Investment Agency under the Ministry of Planning and Investment.

Vietnamese Government pledges to work closely with the Japanese side to improve business environment to make the country an attractive market for businesses in the future, said Deputy Prime Minister Hoang Trung Hai affirmed at the Vietnam - Japan economic forum 2015 held in Hanoi on October 14.

An Indian business delegation led by Vishvajit Sahay, head of the Ministry of Heavy Industries and Public Enterprises’ heavy industry department has visited and studied the investment and business environment of the northern province of Nam Dinh.

North Asia and ASEAN countries could move a significant portion of their supply chains to Vietnam to benefit from the tax reduction and better market access.

Many foreign investors are now focusing on the property market in Vietnam, driven by its long-term investment potential and the country`s drastic move in revamping its policies.

The Vietnam Chamber of Commerce and Industry (VCCI) ) in collaboration with the Russian Centre for Science and Culture in Hanoi held a Vietnam-Russia Business Forum in Hanoi on September 29.

Thai businesses are promoting investment in Vietnam in sectors that are expected to benefit from free trade agreements, including garment-textile and footwear.

According to the US Ambassador to Singapore Kirk Wagar, 81% of US enterprises in Singapore consider Vietnam as the first choice in their plans to expand investment in the ASEAN region.

Regulatory reforms to create more open policies are making the domestic property market more attractive to foreign investors, including those from Singapore.

Vietnam is chosen by a majority of Japanese businesses operating in Thailand and China as a place to locate their manufacturing facilities within the Thailand-Plus-One and China-Plus-One strategies thank to abundant labour resources and low costs, as well as the improved investment climate.

Samsung will support Vietnam enterprises to become Samsung component provider, as well as develop Vietnam’s supporting industry, General Director of Samsung Electronics Vietnam Han Myoung-sup said at a seminar in Hanoi on July 15.

Japanese firms have begun to shift their investments to Vietnam’s trade and service sectors, amid a recent reduction of import duties.

The increasing number of giant US companies pouring money into Vietnam recently is likely to make the country the leading investor in Vietnam in the near future, reported Dau tu online.

"Growth of foreign direct investment (FDI) projects in the first months of this year was higher than the same period in 2014, increasing in all fields, shown in the rise of registered capital and projects, especially in electronic sector", according to the leader of Binh Duong Industrial Zone.

South Africa wants to expand investment and trade ties but narrow its trade deficit with Vietnam, a visiting business delegation from that country told a meeting in HCM City on May 25.

An increasing number of foreign giants are eying the beverage market in Vietnam due to the country’s young population boom and high demand for fizzy drinks.

Vietnam expects a new wave of foreign direct investment (FDI) from the Republic of Korea (RoK) in the wake of the recently signed bilateral free trade agreement (FTA).

The central province of Quang Binh currently houses 320 registered projects worth more than 5 billion USD, including 158 projects worth nearly 4 billion USD that are already under construction.

A series of foreign direct investment projects in the garment sector will be started in the central region of Vietnam over the next months.

Foreign direct investment could sharply jump in the second half of this year, after the amended Investment Law and Enterprise Law take effect in July 2015.