Investment

National Power Development Plan VIII should be open, creating a space to mobilize and promote resources from enterpries.

These projects are expected to create 22,500 direct jobs and manufacture products that are supplied to Microsoft, Sony, Lenovo and Apple.

In the first eight months of 2020, Singapore was Vietnam’s largest investor with US$6.54 billion, accounting for 33.5% of total commitment.

This is one of large-scale projects of European investors after the EU – Vietnam Free Trade Agreement (EVFTA) came into force in early August.

The country has drawn significant interest among international developers, investors, and financiers as a fast-growing market.

The country is set to score 102 and 94.6 out of the maximum of 250 in 2020 and 2021, staying behind only the US with its respective scores of 108.9 and 112.5.

To ensure its place among front-runners in attracting global FDI in the future, Vietnam should prioritize quality over incentives in attracting investment capital, said an ADB expert.

The move would make Samsung's global production more efficient, stated the company.

In addition to the ratification of new laws, Vietnam’s participation in high-standard FTAs ensures the country’s status among attractive investment destinations, Prime Minister Nguyen Xuan Phuc has said.

In addition to current incentives, Vietnam also offers tailor-made ones for hi-tech projects that help local firms further integrate into global value chains, said a senior government official.

Following the first wave of investment in the 1990s, a second wave from Taiwanese companies to Vietnam is taking place with a focus on electronics and hi-tech fields.

The overall Business Climate Index score saw a slight increase over the last three months.

The Vietnamese government hopes multinationals, including Intel, to support Vietnamese enterprises in joining global value chains.

Hanoi’s advantages of geographical location and friendly investment environment appeal to South Korean investors as Covid-19 continues to rage.

Currently, the contractor of the project has mobilized as many equipment and workers as possible to meet the upgrade progress in Noi Bai International Airport.

Vietnam's startup ecosystem is thriving thanks to the market size of its economy.

Year to August 20, 1,797 new projects have been approved with total registered capital of US$9.73 billion, up 6.6% in capital and down 25.3% in the number of project year-on-year.

Thanks to the skilled workforce, the increasingly better production infrastructure and the favorable high-tech investment attraction policy, Intel continues to pour investment capital in Vietnam.

The ASEAN business community could be a “safe haven” as some major multilateral institutions are under pressure to reform, said Prime Minister Nguyen Xuan Phuc.

The signing of the grant agreement for the Technical Assistance to Develop the Intelligent Operations Center for HCMC is the most concrete evidence for the strong development of the comprehensive partnership in smart cities between the city and the US.