Vietnam has very good achievements in foreign direct investment attraction, however, it needs to change its strategy and orientation to focus on the necessary sectors to improve efficiency.
Filipino firm Universal Robina Corporation experienced weak sales in Vietnam in 2017, following a major food safety scandal resulting in recalls, which forced the company to change its product’s look in March.
The Ministry of Transport has recently confirmed they will remove 10 ports along the Saigon River to areas further on the outskirts, a move which will likely create good opportunities for residential developers.
In the midst of the country’s rapid economic growth and its great demand for capital, Vietnam is in dire need of better policies to mobilise financial resources for further investment into the economy.
Increasing investment in training skilled employees, modernising technology and manufacturing lines, and improving the management capacity of CEOs are the three major factors to increasing labour productivity in Vietnam.
IPP Group (Imex Pan Pacific Group) has proposed pouring VND10 trillion ($440 million) into the whole non-tariff area of Van Don Special Administrative-Economic Zone (SAEZ) in 2018-2023.
Vietnam has gained a licence to export fresh rambutan to the fastidious market of New Zealand. For more export success, local fresh fruit producers and farmers must leverage international know-how to enhance their produce quality in order to meet global standards.
The emergence of Superdry Plc., a British international clothing company, may create competition among international fashion brands in Vietnam and hinder their plans to continue expanding in the country.
Toong, the first co-working space chain invested by Indochina Capital has announced the official launch of its largest facility—Toong Minh Khai in the heart of Ho Chi Minh City.
CEOs and representatives of domestic enterprises will have an opportunity to find partners as well as share their stories of success and failure in trading by joining the meeting with the participation of 1,000 CEOs.