A delegation from the northern province of Vinh Phuc, headed by Hoang Thi Thuy Lan, Secretary of the provincial Party Committee, has visited the US in a bid to attract investors to the province.

Foreign investors’ continuous investment in Vietnam has shown their optimistic about the country’s economic outlook, despite the difficult situation of the global banking sector.

Many factors are expected to draw cash flow back on the stock market, especially that from foreign investors.

For Vietnam to fully tap into the digital future, experts say institutions and policies must be reformed to reflect Government commitments.

Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement.

Although Vietnam always eyes to attract investors from US and Europe, intra-ASEAN investors are so important to the country, especially since foreign direct investment (FDI) is slowing down globally due to the COVID-19 pandemic’s impacts and geopolitical conflicts.

VOV.VN - The nation is rapidly becoming an attractive retail market for companies globally, particularly as many regional and global FDI investors recently revealed their plans to increase capital and expand distribution networks in the Vietnamese market.

Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc.

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.

VOV.VN - The Vietnamese government is always willing to listen to, share opinions and support US firms to do business in the country for a win-win partnership, Prime Minister Pham Minh Chinh told leaders of major US firms in Hanoi on March 22.