The local energy sector is expected to be the next driver for foreign direct investment growth in Vietnam this year.

Early promising signs are fanning hopes for the reiteration in 2016 of last year’s record-breaking level of disbursed foreign direct investment, which stood at US$14.5 billion.

Blessed with a long coastline and numerous islands, Vietnam’s beach tourism investment has been growing remarkably over recent years.

Vietnam Posts and Telecommunications Group (VNPT) is planning an expansion in equipment manufacturing, adding to its current three main operations namely infrastructure, mobile network and media services.

FPT was recognised on February 17 as the company with the best corporate governance in Vietnam by financial publication Asia Money. 

The upcoming EU–Vietnam Free Trade Agreement is hoped to bring fresh opportunities to European firms in Vietnam. Xavier Denoly, country president of Schneider Electric Vietnam, Cambodia and Myanmar, talked about the firm’s investment plans to capitalise on this historic trade deal.

Amid the formation of the AEC and the upcoming enforcement of FTAs, Nguyen Do Anh Tuan, director of the Vietnam Institute of Policy and Strategy for Agriculture and Rural Development, shared about potential challenges to farm exports and opportunities to attract foreign investment in agriculture.

Many foreigners enjoy the Tet holiday in Vietnam.

The feelings of foreigners when they first come to Vietnam can vary widely, however, a majority of them discover a great love for this country.

Pegasus Investment & Consultancy Binh Dinh JSC, the Vietnamese subsidiary of Singapore’s Kinderworld Education Group, on February 1 received its land use right certificate to develop Outward Bound Vietnam.