Vietnam a bright spot for foreign investors: experts
Vietnam has been chosen among leading destinations in Southeast Asia by Japanese investors, Nakajima Takeo, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi, has said.
Hanoi (VNA) – Vietnamhas been chosen among leading destinations in Southeast Asia by Japaneseinvestors, Nakajima Takeo, Chief Representative of the Japan External TradeOrganisation (JETRO) in Hanoi, has said.
The country’spopulation is forecast to hit 106 million by 2050 with the middle class on the rise,which turns the market into a favourable one for retail businesses, accordingto JETRO.
Vice Chairman of the EuropeanChamber of Commerce in Vietnam (EuroCham) Torben Minko said that European firmsare confident about Vietnam’s efforts in COVID-19 prevention and control, asindustrial parks maintain operations, the number of laid-off workers is kept toa minimum and the supply chain is maintained.
A recent survey by EuroCham revealed that theBusiness Climate Index (BCI) hit 73.9 points in the first quarter of this year,the highest level since the Q3 2019, before the pandemic broke out.
When asked about the prospects of Vietnam’sbusiness environment in the next quarter, 67 percent predicted either“excellent” or “good” - a 12 percent increase compared to the previous one.
EuroCham Chairman AlainCany said that while COVID-19 wreaks havoc in countries around the world, Vietnamcan be certain that companies can operate their business without interruptions.
A production line in plant of Toyota Vietnam invested by Japan in Vinh Phuc province (Photo: VNA)
For her part, Michele Wee, Chief Executive Officer at Standard Chartered BankVietnam, said that FDI influx to Vietnam will be maintained in the medium term.
The country posted aGDP growth rate of 2.91 percent in 2020, being among economies with the highesteconomic expansion in the year.
Foreign investors pumped nearly 14 billionUSD into the country as of May 20, a year-on-year increase of 0.8 percent, accordingto the Ministry of Planning and Investment.
Disbursed FDI in Vietnam hit 7.15 billion USD in the first five months, anincrease of 6.7 percent compared to the same period last year.
Global credit rating agenciesof Moody’s, S&P and Fitch recently revised Vietnam’s outlook to “positive”./.
The market witnessed strong buying interest last week and analysts from many securities firms expect indices to continue to hit new highs, but have warned investors to be cautious.
The inflow of foreign direct investment (FDI) into Ho Chi Minh City surpassed 1.34 billion USD in the first five months of this year, down 16.52 percent year-on-year, according to the municipal Statistics Office.
Vietnam is still a popular investment destination for foreign investors, who poured 14 billion USD into the country during the first five months of the year.
Total registered capital of new foreign-invested projects and additional capital in existing ones in Hanoi amounted to 519.2 million USD in the first five months of this year, according to the Statistics Department of Hanoi.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
A corner of HCM City (Photo: VNA) 
A production line in plant of Toyota Vietnam invested by Japan in Vinh Phuc province (Photo: VNA) 
