Vietnam has become one of the world’s fastest growing economies since the country first opened up to foreign trade and investment more than three decades ago, with GDP last year being 12.5 times higher than in 2001 and growth averaging 7.26% from 2001 to 2010.
The Ministry of Planning and Investment (MPI) held a teleconference in Hanoi on July 28 to review its six-month performance and outline tasks for the remaining months of this year.
Minister of Planning and Investment Nguyen Chi Dung has asked localities to bring their advantages into full play to welcome a wave of shifting FDI over the next six months.
A working group has just been founded under the Prime Minister’s decision to promote foreign investment in Vietnam.
Vietnam is like a rising star, meeting all the factors to improve its economic image and attract more foreign investment flows, according to an article published by The Times of India.
VOV.VN - Despite unpredictable developments relating to the novel coronavirus (COVID-19) epidemic, the domestic real estate market is anticipated to attract a fresh wave of foreign investment due to its high-growth potential, reasonable prices, and relative safety as an investment destination, according to insiders.
A plunge in capital going into mergers and acquisitions (M&A) deals reduced foreign investment inflows in Vietnam in the first four months of this year.
As of 2019, Vietnam counted five foreign invested universities, 68 private schools and 170 public ones.
The prime minister has asked several ministries, agencies and local governments to report on the risk of the domestic real estate market being dominated by foreign entities, given the recent influx of foreign investment into the sector.
The domestic printing industry is primarily dominated by local firms, but increasing foreign investment is putting them at risk of losing their majority shares, said an official recently.
Vietnam is encouraging investors from all around the world to develop its ports, according to the Vietnam Maritime Administration.
VOV.VN - Mini Thailand Week 2019 officially began at the Vietnam International Trade Exhibition & Convention Center in the southern province of Ben Tre on July 19.
Vietnam’s stock market has been evaluated as a bright spot in the region in terms of growth speed and foreign capital absorption for years, according to Chairman of the State Securities Commission (SSC) Tran Van Dung.
The southern economic hub of Ho Chi Minh City attracted 3.21 billion USD in foreign direct investment (FDI) in the first six months of 2019, a year-on-year rise of 20 percent, according to the municipal People’s Committee.
The central city of Da Nang drew more than 542 million USD worth of foreign investment between January and June.
The abundant potential for tourism and renewable energy development has turned Vietnam’s central region into an investment hotbed.
The EU-Vietnam Investment Protection Agreement (EVIPA), which was signed on June 30 in Hanoi, not only marks a new step of development in the Vietnam-EU partnership and comprehensive cooperation but also will help improve the quality of foreign investment flows into Vietnam, according to Minister of Planning and Investment Nguyen Chi Dung.
Real estate attracted the highest proportion of capital by far into Saigon Jan-Apr, raising sustainability concerns.
Since the onset of 2019, Danang has attracted more than $507 million of foreign and VND1.82 trillion ($79 million) of domestic investment capital.
VOV.VN - The 12th International Exhibition of Electrical Technology and Equipment (Vietnam ETE 2019), along with the 9th International Exhibition of Energy Saving and Green Power Products and Technologies (Enertec Expo 2019), are set to be held in HCM City between July 17 and 20.