Vietnam looks to support FDI firms as global minimum tax looms
The move is aimed at attracting foreign capital from future investors and protecting existing businesses.
The move is aimed at attracting foreign capital from future investors and protecting existing businesses.
The slow pace of transportation area expansion compared to the growing number of vehicles has led to overloaded urban infrastructure, traffic congestion, and air pollution.
Vietnam remains an attractive destination for foreign direct investment and continues to benefit from a changing global supply chain, US-China trade tensions, and production disruptions in other regions.
Low labor costs, adequate infrastructure quality, and simplified administrative procedures are seen as Vietnam’s pull factors for investors like Samsung, Foxconn, Nike, Adidas, Gap, and Levis.
The FDI inflows to Vietnam have been stable compared to other countries in the region, which shows the continued trust and confidence of foreign investors.
Hanoi is considered a potential destination for microchip development as it is home to many research institutes and universities providing highly qualified and abundant human resources.
Agritech companies from the GRAFT Challenge Vietnam would kickstart a wave of agricultural innovation in the country.
South Korea continues to be Vietnam’s largest foreign investor with an accumulated registered capital of US$72 billion in 9,100 projects.
Ineffective State-owned enterprises should be privatized and leave the playground for others to step in.
Finance banking and insurance are Swiss businesses’ advantages but there are a few that have invested in Vietnam.
Southeast Asia-focused venture capital funds are putting more effort into early-stage investment in Vietnam, and such a trend is expected to continue growing in the next 10 years.
The result remained positive at a time when the Covid-19 crisis led to a 35% contraction in global FDI flows to US$1 trillion, the lowest level since 2005.
The EuroCham Business Climate Index reaffirms the urgent need for Vietnam to accelerate vaccinations.
The country continues to offer appealing business and investment opportunities given its strong fundamentals.
Vietnam is a standout economy in Southeast Asia in terms of being able to capture new supply chains moving near, stated an expert.
Strengthening trade relations will create more jobs and opportunities for Australia and Vietnam.
Vietnam plans to organize a digital investment conference in Q3 this year, promoting investment into industrial parks or economic zones online.
Covid-19 is seen as a catalyst to drive the demand for expanding digital infrastructure.
The government has set up an FDI task force to support multinationals and foreign businesses grasping investment opportunities in Vietnam.
Proptech, standing for property and technology, is expected to tackle the current problems of Vietnamese real estate.
2020 was a challenging year but also presented many opportunities for innovation and technology investment globally and domestically.