Opportunities

Foreign business associations expect the Vietnamese government to further focus on the development of nuclear power.

Vietnam is the top choice for Japanese companies looking to diversify their supply chains, the Japanese Ambassador to Vietnam has said.

The business community expects to get more support from the government to overcome impacts caused by the Covid-19 pandemic.

Given uncertainties surrounding the US – China relations and the serious Covid-19 situations globally, Vietnam has become a logical choice in the eyes of investors.

With the current minimum wage of US$132-190 per month, Vietnam has been listed in the top three ASEAN countries having the lowest labor cost.

Two thirds of marketers in Vietnam expected an increase in the allocation of the digital ad budget to programmatic ad next year, the 2nd highest percentage in the region.

The capital will pay attention to developing outlet malls and promote investment in large-scale outlet centers.

While debt-to-equity swap may pose risks to the economy, this practice is actually an efficient channel for enterprises to mobilize capital, Lawyer Ha Huy Phong, CEO of Inteco law firm told Hanoitimes in an interview.

The Vietnamese government holds high hope for a green and safe agricultural sector that could be a driving force for growth just like the manufacturing and processing sector.

The Vietnam Technology Advice and Solutions from Korea Center (VITASK) is expected to help Vietnamese automotive and electrical-electronic enterprises improve their capacity and deeply participate in the global supply chain.

The Ministry of Planning and Investment (MPI) and USAID/Vietnam are collaborating to support the Vietnamese enterprises in the process of digital transformation.

Vietnam is set to face a surge in power demand and consumption over the coming decade, which is likely to outpace capacity growth in the near term, stated Fitch Solutions.

This comes on top of over US$2.24 billion that was already secured by the UOB to Vietnam as the bank helps companies seize opportunities in the region’s fastest-growing economy.

European business leaders are more optimistic toward the end of 2020 as their confidence has rebounded in quarter 3.

A network of Vietnamese talents around the world would help speed up the research and development of new technologies and applications in Vietnam, said a senior government official.

For the first time, the Vietnamese government would issue a list of sectors with limited market access for foreign investors under the negative list principle.

M&A activities in the banking sector are set to heat up in 2021, when the Covid-19 pandemic is fully contained and the majority of Vietnamese banks have completed their restructuring processes.

Many tech firms in Silicon Valley are exploring opportunities of moving their production chains of electronic products to Vietnam, stated a representative of the US – ASEAN Business Council.

Coastal areas in Vietnam are set to receive attention from investors similar to those in China and Thailand, according to CBRE.

Many enterprises are now mapping out short-term business strategies of up to three years, given growing global uncertainties.