Many US large corporations have invested billions of dollars in Vietnam as they have seen the strong development of the economy.

Many global tech giants have been pouring billions of US dollar into semiconductor chip production lines in Vietnam in an effort to get the lion’s share of the lucrative industry in the country.

Vietnam and the US are building new ties in high technology, innovation, and investment, with a deal on cooperation in the semiconductor industry clinched.

LEGO Manufacturing Vietnam Co. Ltd. has opened a recruitment office to seek thousands of workers for its factory in Binh Duong which is expected to start operations in early 2024, the province’s employment centre said on September 18.

The US is one of the most important export markets for Vietnam, and US enterprises are among the biggest investors in Vietnam.

Despite severe trade challenges, Viet Nam continues to be on the frontline to absorb quality foreign direct investment (FDI), noted HSBC in its report ASEAN Perspectives released on September 12.

US capital flow into Vietnam and US-Vietnam two-way import-export turnover have been increasing rapidly in the last 10 years. Vietnam’s export turnover to the US in the last two years exceeded $100 billion.

Many localities have already exceeded their targets in foreign investment capital for the whole year, thanks to large projects being registered and administrative improvements being made.

Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from the Republic of Korea (RoK).

Vietnam is emerging as a key destination in the future business strategy of enterprises from the Republic of Korea (RoK), a survey has shown.

The shifting of production and diversification of supply chains underway in numerous countries has helped Vietnam to become a popular destination for foreign investors.

New foreign direct investment (FDI) approvals in the real estate sector in the first eight months of this year amounted to US$1.76 billion, down by more than 47% against the year-ago period.

The foreign direct investment (FDI) sector holds the lion’s share in Vietnam’s mechanical engineering exports, leaving a meager portion for local enterprises.

One of the critical factors helping attract impressive industrial investments to the Mekong Delta is a series of important infrastructure projects, according to Savills Vietnam.

With a series of seaport infrastructure projects being implemented in the Southern Key Economic Zone, the seaport industry is promising in attracting more foreign investment.

Vietnam lured close to 18.15 billion USD in foreign direct investment (FDI) from the beginning of this year to August 20, up 8.2% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

VOV.VN Singapore is one of Vietnam’s leading investors, injecting more than US$70 billion into 3,031 valid projects, a meeting in Hanoi heard on August 27.

Vietnam expects to attract more foreign direct investment from Western Europe and North America in the near future, said a representative of the Ministry of Planning and Investment.

Vietnam attracted approximately US$18.15 billion in foreign direct investment (FDI) between the beginning of the year and August 20, up 8.2% on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.