The Ministry of Industry and Trade (MoIT) has proposed a 35% cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.

Vietnam is at a crossroads in its development and requires investment in its transportation network to sustain and expand its growth, said US-based Borgen Magazine in a recent article.

Vietnam will lure more foreign investment in the high-tech industry by offering more incentives and amending requirements for high-tech businesses.

Vietnam’s wood industry secured 63 new foreign direct investment (FDI) projects worth US$372.68 million in 2020, down 36% and 49% on-year, respectively.

Hanoi has set a target of having 900 businesses operating in supporting industries this year, with 300 eligible to join global production networks of multinational groups in Vietnam.

VOV.VN - Consul General of the Republic of Korea Kang Myeong Il expressed his desire to boost cooperation between his country and Vietnam during a meeting with Ho Chi Minh City Mayor Nguyen Thanh Phong on March 12.

VOV.VN - Vietnam Report JSC (VNR), in collaboration with online newspaper VietnamNet, unveiled on March 10 the country’s 500 fastest growing enterprises (FAST500 Ranking) in 2021.

Binh Duong is committed to creating the best conditions possible for investors, particularly those from Japan, said Chairman of the provincial People’s Committee Nguyen Hoang Thao at an online conference held on March 9 to promote Japanese investment into the southern province.

VOV.VN - Ho Chi Minh City registered a total of US$337.8 million in foreign investment during the initial two months of the year, equivalent to 70.3% of the figure achieved during the same period from last year.

After suffering a significant fall in revenue last year, the mechanical engineering industry has high hopes for recovery in 2021, given Vietnam’s good COVID-19 control and participation in free trade agreements.