return icon

U.S. investments in Vietnam exceed US$10 billion

U.S. firms have so far registered a total of US$10.47 billion for 1,160 investment projects in Vietnam.
An auto manufacturing factory of Ford Vietnam, a joint venture of U.S. and Vietnamese enterprises. – SGT Photo: Le Hoang

A Ministry of Planning and Investment report said U.S. investors pledged over US$147 million in 24 new projects and eight operational projects in the first fourth months of the year.

U.S. firms also conducted 59 transactions to contribute capital to and acquire shares in local firms with a total of US$22.4 million in the four-month period.

In total, the United States committed nearly US$170 million to Vietnam in January-April, ranking ninth among the 72 countries and territories investing in the country, following Singapore, South Korea, Denmark, China and Japan.

According to analysts, the figure does not reflect the full picture of U.S. investment in Vietnam as many American investors are doing business in Vietnam via a third country, so they are taken into account.

The foreign investment outlook in the first four months of the year was positive. Regardless of the difficulties caused by the Covid-19 pandemic, many major U.S. firms, such as P&G, Coca Cola, Apple, Google and Intel, have announced their investments in Vietnam, both directly and through their partners.

After social distancing measures were lifted in HCMC last year, U.S. firms have been more optimistic about Vietnam’s prospects.

According to a survey of the American Chamber of Commerce in Vietnam issued in November last year, nearly 80% of members of the chamber were upbeat about the medium- and long-term prospects of Vietnam and they were planning to expand their investment in the country.

At conferences on investment, representatives of U.S. firms said the Vietnamese Government’s ceaseless improvement of the business environment and removal of difficulties facing investors would encourage them to invest further in the country.

The long-term outlook of Vietnam remains the main factor to retain foreign investors, including U.S ones.

Source: SGT


Toyota concert set to return after two-year COVID hiatus

A concert featuring an array of Vietnamese and Japanese talents will return to Hanoi and Ho Chi Minh City following two years of disruption caused by the COVID-19 pandemic.

Vietnam ranks second for alcohol consumption in SEA

The nation ranks second in Southeast Asia and third in Asia in terms of consumption of alcoholic beverages such as beer and wine, the Ministry of Information and Communications said in a recent conference.

Google considers shifting smartphone production from China to Vietnam

Worrying about the escalation of trade tensions between the US and China as well as China’s Covid-19 lockdown, Google may move its smartphone orders to partner factories in Vietnam in the near future.

Indochina Capital to pour 1 billion USD in industrial real estate in Vietnam

Indochina Kajima Development Company, a joint venture from Indochina Capital and Kajima Corporation, has recently launched Core5 Vietnam (

Vietnam wins election to Intergovernmental Committee for UNESCO Convention

The nation has been elected as a member of the UNESCO Convention for the safeguarding of the intangible cultural heritage (Convention 2003) for the 2022-2026 term with 120 approval votes, the highest among the elected countries.

Vietnam Civil Aviation Authority proposes air ticket prices hike

The Civil Aviation Authority of Vietnam (CAAV) has just proposed raising air service prices on domestic routes against a background of rising fuel prices.

Young enterprise’s goal of bringing world leading brands to VN

Lien Phong's efforts to expand its cooperation with foreign partners to bring world famous baby and healthcare brands to Vietnam has been repaid.

GDP grows but businesses complain about difficulties

Though the economic growth rate was 7.72 percent in the second quarter year-on-year, business associations say that enterprises are still facing difficulties.

Transport Ministry proposes fee reduction for different modes of transportation

Minister of Transport Nguyen Van The has issued a document suggesting the Ministry of Finance consider the adjustment of transport fees and charges from now until the end of 2022 due to the fuel price increment and impact of past Covid waves.

VN startup fills market need for chargers, headphones

Having been operational for two years, Velaboost has developed 29 types of products and sold 24,500 tech accessories.

Young singers grab spotlight on YouTube

Four young Vietnamese singers are presenting a YouTube show, expressing their passion for music and youthful enthusiasm and evoking beautiful memories.

Xiaomi launches production of smartphones in Vietnam

China-based electronics company Xiaomi has made investments into manufacturing smartphone components in Vietnam as part of its plan to compete against market leader Samsung of the Republic of Korea (RoK).

Sotheby's set to present its first exhibition in Vietnam

Renowned international auction house Sotheby's is scheduled to hold its first exhibition themed “Timeless Souls: Beyond the Voyage”, in Vietnam this summer.

Key lawmakers okay further tax cut on petrol, effective as of July 11

The National Assembly Standing Committee, at its extraordinary session on July 6, approved the Government’s proposal on additional environmental protection tax cuts on petrol and oil in an attempt to cool down the domestic fuel market.

Top Vietnamese leaders host Russian Foreign Minister in Hanoi

Party General Secretary Nguyen Phu Trong on July 6 received Russian Foreign Minister Sergei Lavrov who was in Hanoi for a visit to mark the 10th anniversary of the comprehensive strategic partnership between Vietnam and Russia.