Japanese automobile manufacturers have discussed the possibility of relocating their factories to regional countries because of Vietnam’s weak supporting industries.
The government’s strong commitment to support the development of hi-tech agriculture has excited investors, but many difficulties lie ahead.
As incomes have improved, consumers are now buying more high-street fashion products rather than Chinese or Vietnamese clothing.
Vietnamese enterprises are working hard to become suppliers of parts and accessories for foreign electronics manufacturers.
The Vietnamese e-commerce market has become more crowded with powerful players such as Lotte, Alibaba, VNG, Vingroup, Aeon and The Gioi Di Dong.
Experts believe that Vietnam should focus on producing high-quality rice instead of striving to earn money from selling low-cost rice products.
Many real estate developers in recent years have been running a race to provide products that serve tourism, an achievement that has helped attract 10 million foreign travelers to Vietnam.
Vietjet Air has launched its IPO and plans to list its shares at the HCMC Stock Exchange (HOSE) on February 28. It is also considering issuing bonds in the international market.
The Prime Minister’s newly released decision on the divestment plan in 2016-2020 includes many large corporations such as VNPT, MobiFone, Agribank and Vinacomin.
Besides Samsung Electronics, Samsung Display, another Samsung Group member is ambitiously ramping up investment in Vietnam, promising to hit US$6.5 billion in early 2017.