HCM City is enacting numerous solutions to facilitate FDI into the city by focusing on infrastructure and administrative procedures, as the fund poured into it has been dwindling this year.
As of the beginning of October, Ho Chi Minh City has licensed nearly 30,000 new businesses with combined registered capital totaling VND667 trillion (US$28.64 billion), according to the municipal Department of Planning and Investment.
Bold measures Vietnam has implemented to become a hub for foreign direct investment (FDI) in the past decade required real political will and commitment, according to an article published in the South China Morning Post recently.
VOV.VN - Indian news website LiveMint has published an article providing details on progress made by both Vietnam and Bangladesh in terms of the global race to replace Chinese exports and become new production hubs for international investors.
Vietnam is one of the few Asian economies to have registered positive growth so far this year, despite the second wave of COVID-19 infections.
The southern province of Binh Duong, which is a major destination for foreign investment in Vietnam, has been focusing on developing industrial parks.
Though the Government has taken decisive steps to curb the impacts of the COVID-19 pandemic, there are still risks to the economy, economists said at a seminar in Hanoi on October 15.
The 16th Party Congress of the northern port city of Hai Phong for the 2020-2025 tenure kicked off on October 14 with the participation of 350 official delegates.
VOV.VN - Vietnamese Ambassador to China Pham Sao Mai has met with Governor of Jiangsu province Wu Zhenglong to discuss a score of measures aimed at further strengthening co-operation between Vietnamese localities and China’s Jiangsu province.
Vietnam is still regarded by investors as an attractive destination thanks to its stable politics and macro economy, favourable geographical location, and advantages in land and human resources, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.