Foreign investors confident in Vietnam’s business environment: official
With the successful control of COVID-19, Vietnam has been widely recognised by the international community as a safe and attractive investment destination.
Workers at a garment-textile firm in Vietnam (Photo: VNA)
Hanoi (VNA) - With the successful controlof COVID-19, Vietnam has been widely recognised by the international communityas a safe and attractive investment destination.
Deputy Minister of Planning and Investment VuDai Thang said while the global flows of foreign direct investment (FDI) coulddecline by up to 40 percent in 2020 due to the impact of the pandemic, the FDIattraction in Vietnam in the first six months remained positive.
Specifically, in January-June, the total amountof capital registered by foreign investors reached 15.67 billion USD, ayear-on-year drop of 15.1 percent. However, the newly-registered and addedcapital increased 13.8 percent and 26.8 percent to reach 8.43 billion USD and3.72 billion USD, respectively.
“These are positive signs, showing theconfidence of foreign investors in the business environment in Vietnam,” Thangsaid.
Particularly, Vietnam is home to over 32,000projects worth 378 billion USD from 136 countries and territories.
While countries across the world are still inthe fight against COVID-19, Vietnam has resumed business activities as usualand become one of the first countries to diversify the supply chains, saidEnvoy Okabe Daisuke from the Japanese Embassy in Vietnam.
Foreign investors are looking at Vietnam as apotential investment destination in the post-pandemic era, he said.
He cited a survey from the Japan External TradeOrganization (JETRO) in February 2020 showed that over 63 percent of Japanesebusinesses in Vietnam plan to expand investment, the highest rate in theAssociation of Southeast Asian Nations (ASEAN)./.
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.
Fiscal and monetary tools and policies should be governed in a more proactive and flexible manner from now to year’s end in order to maintain macro-economic stability and boost growth, according to the National Advisory Council on Financial and Monetary Policies.
An online conference was jointly organised in Hanoi on July 9 by the Ministry of Planning and Investment (MoPI), the Japanese Embassy in Vietnam, the Japan External Trade Organisation (JETRO) and the Japan Bank for International Cooperation (JBIC) to promote Japanese investment flows into Vietnam.
With a population of 1.3 billion, Africa will still be a market of good potential for Vietnam after the COVID-19 pandemic, according to Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan, who is also in charge of trade affairs in Senegal, Mali, Gambia and Niger.
The Ministry of Industry and Trade (MoIT) will focus on removing difficulties in industrial sectors in the second half of this year, especially the processing and manufacturing industry, to expand production and business.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Workers at a garment-textile firm in Vietnam (Photo: VNA) 
