Investment

Tourism, digital startups and production of healthcare equipment are fields set to receive funds from the US$350-million investment plan.

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.

Foxconn plans to roll out full-scale production in Vietnam and receive the benefits of the recently-signed RCEP.

Through Startup-Pitching and Business-Matching, potential startups will have the opportunity to present their ideas to more than 100 investment funds.

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.

The first phase of the project, estimated at VND99 trillion (US$4.25 billion), is set to be completed within 60 months and become operational by December 2025.

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

Many challenges are causing a delay in the development of a startup ecosystem in Vietnam.

Startups that fully comply with business integrity, including financial transparency, would have higher chances of attracting investors.

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

Low interest rates could open up new opportunities for investors to take advantage of the cheap capital to buy shares and acquire new assets via M&A deals.

The number of newly established enterprises in 2020 would be around the figure recorded a year ago.

Vietnam – South Korea relations are growing strongly in all spheres, which have brought mutual benefits and trust to all parties involved, stated a Vietnamese senior official.

The State Bank of Vietnam would provide refinancing loans for Vietnam Airlines to maintain current operation.

The latest SuperPort project is considered a contributor to cooperation in ASEAN and the Vietnam-Singapore friendship.

Five Mekong countries and Japan should continue to boost trade and investment cooperation to ensure long-term development, Prime Minister Nguyen Xuan Phuc has said.

Close attention should be on the capacity of the Vietnamese economy to firm up its recovery from the coronavirus crisis, noted the World Bank.

As of present, the Ministry of Planning and Investment has completed setting up a list of major projects which are vital for economic development in the Mekong Delta Region.