FDI influx prompts Vietnam to improve business environment: experts
A recent strong influx of foreign direct investment (FDI) to Vietnam has prompted the government to design long-term policies and create a favourable and transparent environment for foreign investors to operate in a long term in the country, according to experts.
Hanoi (VNA) – A recent strong influx of foreigndirect investment (FDI) to Vietnam has prompted the government to design long-termpolicies and create a favourable and transparent environment for foreigninvestors to operate in a long term in the country, according to experts.
Statistics from the Ministry of Planning and Investmentshowed that 35-40% of the total FDI capital injected to underway projects inVietnam are poured to those in industrial parks (IP) and economic zones (EZ).The rate in the manufacturing-processing sector is up to 80%.
Deputy Minister of Planning and Investment Tran Quoc Vuongsaid that Vietnam is eying a “golden chance” to attract a new FDI wave,especially to IPs and EZs.
To date, 61 out of the 63 cities and provinces have had IPs andEZs, with a total 403 IPs, 18 coastal EZs and 26 border EZs.
The IPs and EZs are destinations for large-scale firms suchas Samsung, Panasonic, Boeing, Canon, LG, Sumitomo, Foxconn, and VSIP.
Micheal Vu Nguyen, Boeing country director in Vietnam, saidthat the firm’s production value in Vietnam has reached 200 million USD. Heexpressed his hope that the Vietnamese Government will continue to maintain open,flexible and effective policies for major suppliers in the aviation sector,enabling them to make more investment in Vietnam.
Experts held that Vietnam is currently a favourabledestination for investors thanks to its political stability, fast post-pandemicrecovery, ensured macro-economic balances and controlled inflation, along withgood infrastructure system and the country’s engagement in a large number offree trade agreements (FTA).
Vu Tien Loc, President of the Vietnam InternationalArbitration Centre (VIAC), held that the FDI has benefited Vietnam in manyways, prompting the country to speed up economic restructuring and growth modelreform, and improve its institution, legal policies, business environment and market economy development.
Nguyen Anh Tuan, Vice Director of the Foreign InvestmentAgency, said that despite COVID-19 impacts, foreign investment activities inVietnam are still bustle, benefiting industrial sector, especiallysupporting industries, as Vietnam is prioritising FDI projects in the fields ofhigh technology, supporting industries, renovation and digital economy,creating favourable conditions for local firms to join global value chain./.
Foreign-invested enterprises in Vietnam are recovering well and focusing on production and business expansion, with disbursement reaching a record high in the first eight months of 2022, according to director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) Do Nhat Hoang.
Ho Chi Minh City topped the country in foreign direct investment attraction in the first eight months of 2022, accounting for 16.1% of the national figure, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
High-tech foreign investments will continue to propel Vietnam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Illustrative image (Source: VNA) 
