Investment

The bill, which amends the Law on Investment 2014 and will be discussed at the National Assembly’s eighth session next month, includes the two long-awaited changes regarding foreign investors.

Vietnam remains huge opportunities for foreign investors, while Jardine Matheson would continue to explore investment options in the country’s priority sectors, said the UK-based conglomerate’s executive.

The weak linkage between the FDI businesses and the private sector may put the economy in a vulnerable situation, when foreign investors may leave the country easily once things turn bad, an expert has said.

Vietnam’s market is driven by young people who have higher spending on food and consumer products.

In 2018, the outstanding corporate bonds of these banks reached VND149.4 trillion (US$6.5 billion), down slightly by 0,8% against the end of 2017 and accounted for 4% of the banking system’s total credit.

Hanoi would support the development of three to five innovative startup incubators in the 2019 – 2025 period.

An additional 15% tariff was imposed on 3,243 items, including many consumer goods like clothing and watches, prompting companies across a wide range of industries to consider shifting production to Vietnam and other Southeast Asia nations.

The move is aimed to promote private investors taking part in government projects, which are in need of resources for efficient implementation.

This is part of JICA`s alternative financing tools by calling for private investment.

Southeast Asia`s startup space has been led by Indonesia and Singapore, which claim six of the eight regional unicorns. Vietnam, however, "certainly has the potential to establish itself as Southeast Asia`s next leading startup ecosystem,” noted a joint research by ESP Capital and Cento Ventures.

Vietnam could become a variant of Silicon Valley of Asia in the near future, according to CPO of TiKi Sakshi Jawa.

The absence of guarantees related to minimum returns and foreign exchange risks have kept investors away from Vietnam’s large transport infrastructure projects.

Hanoi expects its startup community can find solutions to the city’s urgent problems at the forum by exchanging experience with foreign experts.

With manufacturing moving to Vietnam, with more employment getting created there, people having higher disposable income, that starts a trend of consumption story, said executive at US investment firm General Atlantic.

The Vietnam production lines will be a key part of Google`s drive for growth in the smartphone market, aiming to ship some 8 - 10 million smartphones this year, double from a year ago, sources told Nikkei.

The OPEC Fund for International Development expects to become Vietnam’s credible partner in development, said the fund’s executive.

More international franchises want to penetrate the market to capitalize on the fast-growing demand in food and beverage, retail, and various services.

Netflix is one of the largest media service providers in the world with around 151 million registered accounts from 190 nations and territories.

As of August 20, 540 new projects have been approved with total commitments of US$284 million in the eight-month period, while 130 existing projects have been injected an additional US$362 million.

FDI commitments in the January – August period reached US$22.6 billion, down nearly 7% year-on-year.