Investment

The forum “ASEAN at 50: ASEAN economic community and the opportunities for Vietnamese businesses” is held in Hanoi to discuss the future direction for the ASEAN Economic Community (AEC), as well as solutions to improve the community connectivity.

Many Japanese firms such as Mitsubishi, Maeda, Kajima, Sumitomo and Creed Group have made investments worth tens to hundreds of millions USD in the Vietnamese realty market within over the past year.

The People’s Committee of the central province of Thanh Hoa has given its in-principle approval to the BID Pristine Resort to invest in the Nghi Son Economic Zone (EZ).

In recent years, Hanoi Business Incubator (HBI) has become a credible address for its support and assistance to startups in running their businesses.

Vietnam must reach crude oil stock levels that are equal to no less than 90 days of net imports following the International Energy Agency (IEA)’s criteria by the year 2020.

The Vietnamese and Japanese governments are actively discussing an action plan to better implement the bilateral extensive strategic partnership, Prime Minister Nguyen Xuan Phuc told Kawai Katsuyuki, Special Advisor to Prime Minister Shinzo Abe during a reception in Hanoi on July 18.

The investment and business environment in Hanoi has been regarded as having positive and transparent transformations for the past few years. However, enterprises still expect Hanoi to have more breakthroughs with regard to investment and business procedures.

The Aviation Airport Corporation of Vietnam (ACV)said it will continue pouring investment in upgrading airport infrastructure and improving service quality to meet the sector’s growth requirements.

Traffic congestions around Tan Son Nhat International Airport in Ho Chi Minh City has persisted for a long time. However, the busiest airport in the country may see much-needed improvements with three proposed projects costing a total of 15 trillion VND (660 million USD).

Several Vietnamese businesses will participate in the 7th Organic and Natural Exhibition (ONE 2017), slated to be held at Queen Sirikit National Convention Centre in Bangkok from July 27 to 30.

Export processing zones and industrial parks in Ho Chi Minh City attracted about 384 million USD in investment in the first six months of 2017, up 39 percent year on year, including nearly 160 million USD of foreign investment, a rise of 24%.

Hanoi People’s Committee and Fatherland Front Committee of Hanoi has recently granted Cooperation Program 168/CTrPH-UBND-MTTQ on sustainable poverty reduction, new-style rural area and civilized urban construction.

The Hanoi People’s Committee has recently issued a program on developing the Northern key economic region in the 2017-2020 period.

According to experts, Vietnam has good potential in farming swifts for their edible nests, authorities should make zoning plans and regulations for the industry like they do for the husbandry industry to ensure its sustainable development.

The request to reduce interest rates of the State Bank of Vietnam (SBV) has been welcomed by commercial banks, despite a lower profit.

The local authorities of Hanoi has attached importance to administrative reform and improvement of the investment environment to prepare for a new “wave” of investment to its industrial parks and zones in 2017.

An industrial park that is easy to attract investment if it is located in an area with a good business environment, with road traffic advantage by road, air and seaport. Industrial parks are now applying new methods by building a distinctive pattern to serve particular sectors and obtain many success in business.

PM Nguyen Xuan Phuc has affirmed that Vietnam’s business climate is definitely fertile enough to incubate leading businesses in Asia, at the Vietnam-Netherlands Business Forum in The Hague, the Netherlands.

After 02 years in operation, for more than 2 years, the TopCV website has over 500,000 users with more than 2,000 employers advertising on its website.

The Hanoi People’s Committee has just issued the Directive No. 12/CT-UBND on implementing the Directive No. 26/CT-TTg dated June 26, 2017 of the Prime Minister on continuing effectively carrying out the Resolution No. 35/NQ-CP dated May 16, 2016 in the spirit of the Government siding with businesses and investors.