Investment

While other countries are setting up specific and clear priorities to attract FDI projects, Vietnam is still pursuing a strategy with multiple targets that could lead to missed opportunities.

The main objective of the task force is to approach potential investors looking for new destinations and support those that are having difficulties during their operations in Vietnam.

Not only M&A is an effective investment channel, foreign investors’ decision to shift from new investment to M&A shows the development of the domestic economy, said an expert.

The plant, located outside Hanoi, would be the company's largest manufacturing hub for refrigerators and washing machines in Southeast Asia.

AEONMall is pushing forward for the construction of the third shopping mall in Hanoi.

Vietnam is stimulating key transport projects and other infrastructure ones to support development and economic recovery in post-Covid-19. And this is a good opportunity for investors.

A Japan External Trade Organization (JETRO) representative has high expectation for Hanoi as the city is joining a nationwide effort to boost the economy back on track.

Vietnam identifies efforts to boost socio-economic development key to ensure greater economic resilience, said a foreign ministry spokesperson.

A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.

With its early success in containing the Covid-19 pandemic, Vietnam is having a jump-start among potential investment destinations in attracting a new wave of FDI.

Under the severe consequences of the pandemic, local enterprises are put into a more vulnerable position and become easy target for foreign companies.

Accelerating the implementation of e-government and digital transformation will lure more investment into Vietnam.

The PM asks authorized agencies to immediately launch programs aiding businesses to overcome hardships.

On its official website, Apple is announcing vacancies for engineers and managers in production, quality control, sales or supply chain in the country’s two major cities.

FDI commitments in the January – April period stood at US$12.33 billion, down 15.5% year-on-year.

The task has become even more complicated given negative impacts of the Covid-19 pandemic in the first three months of 2020.

Vietnam’s insurance market remains highly attractive for foreign investors though the coronavirus pandemic impacts on the industry in the short term, Truong Vinh Phuc, partner of Audit Services at KPMG Vietnam, told Hanoitimes.

The German businesses saw the Vietnamese government has taken decisive and forceful action against the impact of the coronavirus crisis and expect these measures to be taken as fast as possible.

The EuroCham Business Climate Index plunged to its lowest-ever score in the first quarter of 2020 due to impacts from the Covid-19 pandemic.