The expected dominance of foreign retailers in the Vietnamese market has not occurred. Many foreign giants have left and Vietnamese retailers are controlling the market.

President Nguyen Xuan Phuc hosted a reception for Chairman and CEO of Korea Credit Guarantee Fund Yoon Dae-hee in Hanoi on April 14, during which the president suggested that the fund assist Vietnamese businesses to join global supply chains.

Hanoi attracted more than US$513 million in foreign investment in the first quarter of this year, according to the municipal Statistics Office.

The Vietnam-Australia partnership is on the right track with effective economic, trade and investment cooperation in the recent years, but with nearly US$2 billion in 550 projects as of the end of 2021, Australian investment in Vietnam has not matched potential.

Binh Duong province introduced the investment and business opportunities in the southern industrial hub to German investors during a conference on March 24.

Local restaurant chain owner, Golden Gate Joint Stock Company has announced the transfer of 35.95% of shares to a group of three new stakeholders from Singapore.

There was a significant increase in Japanese investment in Vietnam’s non-manufacturing industries, such as retailing, education, health care, energy, finance and insurance, transport and real estate.

The strong development of the stock market, with rising retail investors and financial investment demand, has prompted many banks to cooperate with securities firms and fund management companies to add more cross-selling products.

Politburo member and head of the Party Central Committee’s Economic Commission Tran Tuan Anh had a meeting in Hanoi on March 10 with a delegation from the US-ASEAN Business Council (USABC) and representatives from 28 leading US businesses.

Domestic firms should consider expanding partnerships with Japan in new areas like smart city and startup incubation, suggested Dr. Vo Tri Thanh, Director of the Institute of Branding and Competition Strategy.