Hanoi – Vietnam’s booth with the theme “Hanoi- City for Peace” is the largest-ever booth since the country has participated the book fair.
The fact that hundreds of European business leaders gathered together for this event shows just how far Vietnam has come as an attractive destination for foreign trade and investment, said Nicolas Audier, chairman of European Chamber of Commerce (EuroCham).
The market share of domestic companies witnessed a decrease during the 2018 - 2019 period and currently reaches 42.8%, indicating foreign companies are selling below their home markets prices.
The rapid digitalization of communities in Indonesia, Thailand and Vietnam made these countries the top contenders for the region`s digital spending crown.
The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert.
Foreign firms usually apply the ‘China+1’ model, which means that they build a facility in China and then look for a new destination to become an intermediary location or to serve as a target for expansion and relocation in the future.
Initial test results show that the levels of styrene in the contaminated water were 1.3 - 3.6 times higher than normal, which can potentially negatively affect people’s health.
A Vietnamese consumes nearly 55 instant noodle packets per year, higher than the world’s leading nations in instant noodle consumption, including China with an average of 31 packets for person, Indonesia with 46.4 and Japan with 45.8.
“Abominable” – a fiction movie debuted in theaters in Vietnam in October 4 – has been withdrawn from cinemas nationwide due to containing China’s groundless nine-dash line which covers Vietnam’s Truong Sa (Spratly) and Hoang Sa (Paracel) archipelagoes.
The Vietnamese government is trying to lure investors to the country’s infrastructure development projects amid limited public funding and experts believe the investors will come if the government can create a sound legal and regulatory environment.