Investment

In contrast to a wide range of investment incentives for multinationals, investment procedures for local enterprises, especially small and medium ones, remain complicated.

As the existing global supply chains have been disrupted by the Covid-19 pandemic, Prime Minister Nguyen Xuan Phuc hoped more Chinese investors would come to Vietnam and address this issue.

Vietnam is a safe and reliable environment for investment and international trade.

The investment would be a long-term one as profit is not expected in a short period of time.

Businesses are re-examining their commercial real estate strategies after the changes resulted from Covid-19.

The soon implementation of both the EVFTA and EVIPA would create new driving forces for further cooperation between Vietnam and the EU.

Microsoft and Google are stepping up efforts to relocate production of new devices from China to potential sites in Vietnam.

While FDI firms continue to report losses, they keep expanding operations in the country.

It would be more efficient if the government could waive and delay tax payments for one to three years, said a senior local economist.

Vietnam strives to create favorable investment-business environment for foreign investors, especially those from Japan and the US.

In the first five months of 2020, industrial parks and economic zones drew 390 foreign projects worth US$4.3 billion.

False and groundless rumor could have severe impacts on enterprises’ credibility and Vietnam’s business environment, said Vice Minister of Industry and Trade Do Thang Hai.

The Trump administration is speeding up shifting of global supply chains from China.

The quality of state management and administrative procedures are the top concerns of the business community, not only the progress of cutting red tape, said an expert.

ThaiBev affirms that Vietnam “continues to be one of ThaiBev’s core markets."

More efforts are being made to speed up the economic recovery process while many countries are struggling with the Covid-19 pandemic.

Emerging economies are chasing companies to get more FDI, but companies are chasing Vietnam to move there, said HSBC.

Vietnam contains one of the highest potential for wind power in the region, as it is endowed with high wind speeds particularly in the offshore or near-shore areas.

Due to travel restrictions, disbursement of FDI projects in Vietnam totaled US$6.7 billion in the first five months of 2020, down 8.2% year-on-year.

Many Japanese companies are looking to move away from China to other countries and Vietnam is among their next destinations, said an executive of Japan-based NTT Data Vietnam.