Despite the ongoing trade tensions between major economies, and the pandemic, supply chain shifts of Japanese investors are still taking place, mostly in the form of specifically targeted production expansions, with Vietnam being one of the prioritised destinations.
Despite short-term difficulties, the prospects for industrial park stocks will increase after the COVID-19 pandemic is over, driven by the relocation of global firms to diversify supply chains, with many picking Vietnam as their destination.
VOV.VN - Vietnam’s economic growth rate in 2021 is anticipated to reach between 6% and 6.5%, according to a resolution adopted during the Government's recent monthly meeting for August.
VOV.VN - A number of Australian firms have chosen the nation as a destination for investment, with the impact of the novel coronavirus (COVID-19) pandemic causing a supply chain diversification, thus leading to a number of traditional markets being replaced.
VOV.VN - An array of Vietnamese goods are being introduced at the Vietnam Fair which is set to run from September 11 to September 13 at 40 AEON supermarket chains across Japan.
Prime Minister Nguyen Xuan Phuc on September 7 held a dialogue with Japanese economic groups and businesses interested in expanding investment in Vietnam.
Exports by Ho Chi Minh City companies in the first eight months of the year reached 28.4 billion USD, a 4 percent increase year-on-year, according to the municipal Department of Industry and Trade.
VOV.VN - Vietnam remains an attractive destination in which to do business among foreign financiers, with several tech giants expressing a keen interest in furthering their investment in the country in recent times.
VOV.VN - The industrial production index has risen only 2.2% during the first eight months due to the COVID-19 pandemic, recording the lowest growth over the past eight years, according to figures recently released by the General Statistics Office.
VOV.VN - The Government should provide additional assistance in reducing costs and simplifying administrative procedures to help local firms get more involved in the global value chain and therefore make the most of the EU-Vietnam Free Trade Agreement.