Chinese capital is heading for a series of business fields in Vietnam. What will the capital bring?
Real estate ranked third among business fields which received the most FDI (foreign direct investment) capital in 2017, with US$3.05 billion committed, accounting for 8.5% of total registered FDI capital, according to the Foreign Investment Agency.
IT workers are in very high demand as technology firms are planning to expand staff this year. The average pay in the industry is 3-4 times higher than many other fields.
Vietnamese conglomerates have been expanding business by stepping up investments in neighboring markets. However, the path has not been a bed of roses.
The lack of a common voice among managers, the changes in business strategies, and the weak role on the board of directors are some of the reasons foreign shareholders have left Vietnamese banks.
Several years ago, Vietnamese could name only several foreign online travel agents (OTAs), but more and more Vietnamese OTAs have become well known.
Cash flow worth billions of dollars from China in manufacturing, finance, infrastructure, real estate and e-commerce is flowing to Vietnam.
The face of urban areas is expected to see big changes in the future as Vietnamese consumers want more green spaces.
Vietnam’s outward foreign direct investment (OFDI) is expected to continue to increase rapidly in Laos, Cambodia and Myanmar.
Two Vietnamese female billionaires in the dairy industry have officially set foot in the US market.