Prime Minister Nguyen Xuan Phuc has decided to give in-principle approval to a project to build infrastructure of Yen Phong II-A Industrial Park (IP) in the northern province of Bac Ninh.

Foreign media and international institutions say that Vietnam is an attractive choice for manufacturers and investors who are seeking to diversify supply chains in Asia.

The US independent management consultancy Asia Perspective has published a report on the Vietnamese economy, which highlighted that in the fourth quarter of 2020, Vietnam posted rapid growth thanks to the recovery of manufacturing.

More and more large manufacturers have decided to set production facilities in Vietnam.

Vietnam posted an estimated trade surplus of $1.3 billion in January, according to a report recently announced by the Ministry of Industry and Trade (MoIT).

Vietnam’s effective control over the COVID-19 pandemic along with it signing a host of new free trade agreements has resulted in many global tech giants shifting their investment to the country.

The wave of high-tech companies investing billions of US dollars in Vietnam is already materialising, raising the question for the country on exactly how to absorb all the incoming capital.

Foreign enterprises poured a considerable amount of capital into manufacturing and processing projects in the first half of January, 

South Korean investors are continuing to inject billions of dollars into Vietnam, including the stock market, to seek opportunities from one of the fastest growing economies in the world.

Vietnam has recently received many large global groups, led by US technology firms, that have brought production chains with capital of up to billions of dollars.

The land rent in industrial zones has seen a year-on-year increase of 20-30 percent, according to CBRE Vietnam.

The increase in Viet Nam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems.

Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated.

Numerous FDI enterprises have reported losses over the course of several years, despite continuing to expand production and business activities, along with an annual increase in revenue, thereby causing losses and damage to the state budget.

Many big investors from the EU have expressed a willingness to invest $1 billion in a logistics center in Phu My.

The number of foreign direct investment (FDI) enterprises continues to increase in Vietnam, but more are reporting losses. 

Three amended key laws on securities, enterprises, and investment have now come into force.

The confidence of European business leaders in Vietnam is returning thanks to the government’s response to COVID-19 during 2020, with the focus on embracing the opportunities in a new normal. 

The quickest and most effective way to raise funding for power projects is to enter into an alliance with foreign investors, Nguyen Anh Tuan, general director of Phu Yen TTP Joint Stock Company, said.

Over $747.6 million were poured into export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City in 2020, representing a year-on-year increase of 15.79 percent.