Investment

When the US-China trade conflict rumbles on, it pushes companies towards Vietnam, whose advantages are competitive labor, improving business environment and incentives.

There are immense opportunities for partnerships between South Korean and Vietnamese firms, especially as the former are seeking opportunities to expand in the region.

The joint venture factory aims to produce lithium-ion battery packs for VinFast’s electric scooters and electric cars.

The biggest among foreign direct investment (FDI) projects since the start of this year was made by ThaiBev in the beverage sector.

Youth Co:Lab has become an ideal supporting channel for Vietnam`s startup ecosystem.

Rapid economic growth and urbanization have increased demand for Ho Chi Minh City’s healthcare services, with more than 30 million outpatient visits and treatments in 2018, accounting for a quarter of the total number of visits nationwide.

Vietnam is Canada’s largest trading partner in ASEAN, while the latter is Vietnam’s 14th largest investor with 174 projects worth US$5 billion.

The group is keen to grow in Vietnam, which is one of the fastest growing economies in the world.

Vietnam aims to increase renewable power output from 58 billion kWh in 2015 to 101 billion kWh by 2020 and 186 billion kWh by 2030, equivalent to 7 percent of total supply in 2020 and 10 percent in 2030

To meet the country’s GDP target of 6.8 percent in 2019, the government has recently required the MPI to map out measures, including those related to FDI firms, to promote economic growth

The competitiveness index will be piloted in five leading destinations of Vietnam, including Hanoi, Ha Long Bay, Hue city, Hoi An (Quang Nam province), and Ho Chi Minh City.

More than half of foreign invested firms (53.1%) reported profits in 2018, while 36.7% suffered losses, roughly equivalent to levels recorded for 2017.

Hanoi’s ranking has been consistently going up in six consecutive years, up 41 places from 51st in 2012 to 9th in 2018.

Spain took the lead among the 18 countries and territories where investors from Vietnam were active in the first quarter of 2019, accounting for 30% of the total.

The legal, regulatory and institutional frameworks also need to be clear and robust to enable investors to accept risks over the longer term with some certainty of the framework within which these risks are being taken.

That Macquarie shows interest in large scale investment projects in Vietnam would be a big push and motivation for enterprises from Vietnam and Australia, the governmental portal reported.

In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) expanded 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate so far.

UAE has high demand for foreign workers and seeks cooperation in taking Vietnamese people to work in UAE, especially in the fields of tourism and hospitality, the governmental portal reported.

Recently, Vingroup has announced plan of issuing shares through private placement, aiming to raise at least VND25 trillion (US$1.1 billion).

In 2017, analysts at Union Gaming Securities Asia estimated the gross gaming revenue of the Vietnam’s casino marketing at as much as US$1.2 billion.