US investments set to continue flowing to Vietnam
Many tech firms in Silicon Valley are exploring opportunities of moving their production chains of electronic products to Vietnam, stated a representative of the US – ASEAN Business Council.
Many tech firms in Silicon Valley are exploring opportunities of moving their production chains of electronic products to Vietnam, stated a representative of the US – ASEAN Business Council.
Given Vietnam’s rapid economic growth in the past few years, opportunities for US companies spread in all fields, from healthcare, aviation, to agriculture or education.
As of present, the Ministry of Planning and Investment has completed setting up a list of major projects which are vital for economic development in the Mekong Delta Region.
As Hoa Lac urban area’s transport infrastructure system has still been underdeveloped, not many investors have shown interest in Hoa Lac Hi-tech Park.
The special finance – budget mechanism would be implemented in the next five years.
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Global Infrastructure Hub estimated that Vietnam needs to invest US$110 billion between 2021 and 2025 for infrastructure.
Southeast Asian governments invest more as a share of total government expenditures than member countries of the OECD. Much of that spending goes for infrastructure.