return icon

Foreign investors still eye Vietnam amid coronavirus outbreak

Foreign investors still pay great attention to Vietnam albeit the complicated developments of the acute respiratory disease caused by SARS-CoV-2 which started to hit the world earlier this year.

In January, the total newly registered capital, capital contributed and shares purchased by foreign investors reached 5.33 billion USD, up 179.5 percent against the same period last year.

The investment disbursement was estimated at 1.6 billion USD, a year-on-year rise of 3.2 percent.

According to head of the foreign investment department under the Ministry of Planning and Investment Do Nhat Hoang, a major group from the US is considering the registration of new projects worth billions of USD in Vietnam.

Businesses of other countries have also arrived in Vietnam to study power and infrastructure projects.

The Japan External Trade Organisation (JETRO) reported that 122 Japanese businesses have decided to remove their production activities from China and over 42 percent of the firms surveyed revealed that Vietnam is a leading destination.

Director General of the General Statistics Office (GSO) Nguyen Bich Lam has forecast the outbreak of SARS-CoV-2 could speed up the removal of production facilities of foreign investors in China to other countries, including Vietnam./.

FDI enterprises in Vinh Phuc active in fighting Covid-19

FDI enterprises in Vinh Phuc active in fighting Covid-19

Many foreign-invested enterprises in Vinh Phuc, where 11 out of 16 Covid-19 cases in Vietnam have been confirmed, have taken measures to curb the virus spread, ensuring labourers’ health.

FDI in Vietnam expected to surge after the epidemic

FDI in Vietnam expected to surge after the epidemic

 As a major foreign investment hub, China is hit hard by the new strain of coronavirus, now known as Covid-19, but this also provides an opportunity for other countries to accelerate efforts to attract new foreign investment.  


Aviation industry forecast to fully recover in 2025

It is not until 2025 that the local aviation sector can fully recover due to rising fuel prices and the slower-than-expected reopening of international markets, according to domestic airlines.


Hanoi airport faces serious congestion during summer peak

Hanoi and Hoi An among Top 25 Overall Experiences in Asia

Motorbike tours around Hanoi and cooking classes in Hoi An have made it into the Top 25 Overall Experiences in Asia, as voted on by readers of TripAdvisor.

Vietnam, Hungary seal judicial cooperation deal for 2022-2023

Vietnamese Minister of Justice Le Thanh Long and his Hungarian counterpart Judit Varga on June 27 signed a cooperation programme between the two ministries for the 2022-2023 period.

India conglomerate pledges to invest 10 billion USD in Vietnam

A joint venture between India’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city.


Govt approves appointment of contractors for North-South expy project

HCM City hi-tech park to speed up investment procedures

HCM City will focus on helping businesses invest in the Saigon Hi-tech Park in Thu Duc City by addressing slow administrative procedures, a conference on facilitating investment heard on June 27.

Korea, Vietnam to mark 30th anniversary of relations with cultural events

The Korea Content Creation Agency in Vietnam will organise a series of cultural-entertainment events this year to commemorate the 30th anniversary of the establishment of diplomatic relations between the two countries.

HCM City to promote AI in education sector

HCM City will need to promote the application of Artificial Intelligence (AI) in the education sector as part of its effort to become a smart city by 2030, experts said.

Additionally-registered and share-purchased FDI soars sharply in first half of 2022

Despite newly-registered FDI dropping in the first half of the year, additionally-registered and share-purchased investments increased significantly on-year.

Vietnam joins hands with France to renovate Hanoi’s Long Bien bridge

Vietnamese and French experts will join hands to renovate Hanoi City’s deteriorating Long Bien Bridge in the coming months.

Lessons learned from urban railway projects

The urban railway projects that have been and are under construction are all behind schedule, so the total investment must be adjusted.

Prices hit record high, Vietnam earns big money from catfish

Export prices have been escalating in all markets and hitting new records in the US. Vietnam’s catfish export turnover is expected to reach $2.6 billion this year, the highest in history.

Phu Dien Cham Tower in Vietnam sets world record

The central province of Thua Thien – Hue on June 27 held a ceremony to mark WorldKings’ recognition of Phu Dien Tower built by the Cham people as a world record.

Explosive e-commerce growth drives demand for logistics

The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to industry insiders.