Investment

A big advantage was Vietnam’s absence of tariffs and its position as a “gateway” to ASEAN.

Talking to Economic & Urban newspaper, Prof. Dr. Nguyen Mai, Chairman of the Association of Foreign Invested Enterprises (VAFIE), affirmed that the potential for attracting FDI into Hanoi is still huge in the years ahead.

Private investors, especially foreign investors, remain skittish about investing in infrastructure projects due to high risks, long-term payout schedules, and site clearance issues

The racetrack complex, the first of its kind in Vietnam that offers horse betting, would be located in Soc Son district and cover an area of over 100 hectares.

Total investment capital for 11 sub-projects is estimated at VND102.5 trillion (US$4.41 billion), including 50.8 trillion (US$2.18 billion) from state capital, and the remaining VND51.7 trillion (US$2.22 billion) from private sector.

On the occasion of the 65th anniversary of Hanoi’s Liberation and the Vietnam Entrepreneur Day, foreign diplomats recognized the capital city’s efforts to make its investment climate more conducive, and pointed out the sectors in this city that companies from their countries are interested to get engaged in.

Investors spoke of Vietnam’s potential of liquefied natural gas (LNG), and showed willingness to cooperate with Vietnam in this field.

Labor force quality is still a main obstacle for Vietnam to overcome.

Investments in high-tech projects will continuously receive more preferential treatment in the time ahead when the government continuously plans to give top priority to high-tech industries in the nation’s new FDI attraction strategy in the next decade.

There has been a growing number of local startups who neglect raising funds in subsequent rounds after gaining initial successes, said an expert.

In order to grow further, the company needs to make a breakthrough in Southeast Asian countries such as Vietnam and the Philippines, said a research analyst at Euromonitor.

If successful, Kakao’s presence in Vietnam would mark its second overseas expansion after it signed a partnership with Japan Taxi last year to enable call taxi services for Korean users.

Vietnam has huge energy needs while the US, with is abundance, is seeking to boost energy diplomacy in the Indo-Pacific region.

Fading external demand and a weaker global outlook serve as the primary concerns for Vietnam’s export-reliant economy.

The plant specializes in producing zippers and raw materials for the garment industry with a scale of 420 million products per year.

The result indicated improvements of Hanoi`s business and investment environment, said Director of the municipal Planning and Investment Department Nguyen Manh Quyen.

The event is expected to enhance the role of Vietnam as a strategic gateway of Italian trade and investment in Asia and Southeast Asia regions, thereby, raising the country`s profile internationally.

FDI commitments in the January – September period totaled US$26.16 billion, up 3.1% year-on-year.

Infrastructure is a big challenge for Vietnam, especially at its ports.

New to market foreign entrants would be familiar with industrial clustering, as these are well-established within the locations they are moving from.