For many years, Vietnam's export growth has depended on the contribution of foreign direct investment (FDI) enterprises. This is assessed as potentially risky. In the first four months of 2023, the decline of FDI enterprises has dragged down the country's exports.
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In the context of the import-export market facing many difficulties, Mr Hong Sun, Chairman of the Korean Chamber of Commerce in Vietnam (KOCHAM), recommended that the ministries and branches of Vietnam and Korea must work togetherto remove Vietnamese enterprises need to innovate products to be more favourable for export.
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Ho Chi Minh City needs to be supported by specific mechanisms and policies that are strong enough to be able to remove bottlenecks and develop quickly.
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It is forecast that foreign direct investment (FDI) capital will focus on areas such as high technology, innovation, research and development, digital economy, and clean energy. Breakthrough reforms are needed to win the race to attract new generation FDI.
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Green logistics is considered an important link in "greening" the supply chain to promote sustainable development.
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According to the report of the United Nations Conference on Trade and Development (UNCTAD) on global investment capital, global foreign investment flows tend to focus on the following areas: technology, innovation, research and development; green economy, digital economy, circular economy; clean energy.
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In the face of fluctuations in the world market, major markets have increased protection measures for domestically produced goods, causing Vietnam's export goods to face many challenges in the context of struggling exports in 2023. What should enterprises do to cope with this new trend so as not to affect export activities?
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It is expected that from 2024, some countries will apply the global minimum tax rate, including Vietnam. According to Nguyen Van Toan, Vice Chairman of the Association of Foreign Investment Enterprises (VAFIE), without reasonable and timely reforms on investment incentive policies to adapt to the global minimum tax, Vietnam could be “left behind” in attracting foreign investment.
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Along with China's reopening, seafood exports to China are expected to make a breakthrough. However, there are still barriers that exporters must overcome.
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Vietnam's monetary policy is a multi-objective in coordination with fiscal policy. However, the "reversal" of monetary policy in the first months of the year showed flexibility, aiming to effectively control inflation and support the economy.
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