Speeding up infrastructure development and improving ease of doing business and vocational training are among things Vietnam should do to make itself more attractive to foreign investors post-COVID-19, according to investment fund VinaCapital.
Foreign investors are edging back into emerging markets like Vietnam on hopes the recent significant recovery of the equity market will reassure those hoping to capitalise on stronger economic growth in the emerging world.
VOV.VN - Developed economies are expected to enjoy a US$6 trillion rise in stock markets globally, with the majority investing in emerging or marginal markets such as Vietnam in search of attractive returns following the peak of the novel coronavirus (COVID-19).
The Prime Minister has assigned the Ministry of Culture, Sports and Tourism to draft plans on national tourism promotion and resumption of tourism from countries that have controlled the COVID-19 pandemic.
Consumer goods, health care, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Vietnam once the COVID-19 pandemic subsides, an expert has said.
Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.
Though Vietnam’s economy will suffer in the short term from the novel coronavirus epidemic, the country’s drive to integrate into the global economy will continue to create plenty of new opportunities for trade and investment in the long run, experts have said.
VN-Index could soar above the 1,000-point threshold thanks to positive macro-indicators and continued foreign investment, say securities companies.
The country’s feed-in tariff has supported a boom for Vietnam’s solar sector, but now the Ministry of Industry and Trade proposes a rate reduction in order avoid solar projects becoming a victim of their own success.
Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.
Vietnam will work to maintain macro-economy’s stability and economic growth, while creating optimal conditions for businesses investing in the country, Prime Minister Nguyen Xuan Phuc has pledged.
The merger and acquisition (M&A) market since last summer has witnessed a surprising switch among top segments, with major activities in real estate overcoming consumer goods, leading to positive signs for the market for the next 12 months.
VOV.VN - VinaCapital investment fund, in cooperation with ADB Ventures will pilot an investment scheme worth up to US$500,000 for excellent financial technology (fintech) solutions that could provide a boost to financial universalization in Vietnam.
Foreign companies account for 80% of Vietnam`s logistics market, which is likely to be valued at US$87 billion by 2022.
Vietnam's leading investment fund VinaCapital has announced its acquisition of Smartly Pte Ltd, a Singaporean robo-advisory investment platform.
Investment fund VinaCapital is presenting a batch of medical equipment worth 2.3 billion VND (100,000 USD) to the general hospitals of the northern mountainous provinces of Cao Bang and Bac Kan.
VOV.VN - The first Vietnam Venture Summit held in Hanoi recently saw venture capital funds commit millions of USD to Vietnamese startups, illustrating the confidence foreign investors have in the Vietnamese market.
Though the current legal regulations allow foreign investors to fully own a local firm, it still prevents the investors from pouring funds into some conditional business lines, such as banking and aviation sectors with foreign ownership cap limited at 30 percent.
Investment group VinaCapital has injected over 1.1 trillion VND (47.4 million USD) into a project at the Nhon Ly – Cat Tien marine tourism area in Phu Cat district, central Binh Dinh province.
Prime Minister Nguyen Xuan Phuc encouraged the United Arab Emirates’ (UAE) Investment Corporation of Dubai to expand investment in Vietnam, while hosting the group’s Executive Director and CEO Mohammed Ibrahim Al Shaibani in Hanoi on March 25.