Japanese firms have begun to shift their investments to Vietnam’s trade and service sectors, amid a recent reduction of import duties.
Vietnam’s General Department of Energy and the Deutsche Gesellschaft fur Internationale Zusammenarbeit GmbH (GIZ) inked an agreement on June 12 to implement a joint project to scale up wind power in Vietnam.
Major US investors are following through on their previous statements about relocating their production bases.
Ho Chi Minh City is interested in being twinned with the capital city of Slovakia, Bratislava, to promote all-around cooperation between the two nations, said Chairman of the municipal People’s Committee Le Hoang Quan.
Asian companies will tap intothree Southeast Asian markets, including Vietnam, for growth in the coming decade, according to a survey conducted in May by the Economist Intelligence Unit (EIU), the analytical department of The Economist.
The Prime Minister last Friday issued Decree 42/2015/ND-CP on derivatives and the derivative trading market in Viet Nam, which will become valid next month.
Business confidence, outlook and expectations for the future among European businesses in Vietnam declined slightly in the first quarter of this year compared to the previous quarter.
While economists bemoan the fall off in large-scale foreign invested projects so far this year, there is cause for optimism as Vietnam has seen a wave of small-scale foreign invested projects in electronics supporting industries.
Many foreign investors believe Vietnam will have a lot of opportunities to attract investment thanks to macroeconomic stability and major reforms which are underway in the country.
Vietnam’s strategic geographic location, low wages, and beneficial trade deals are set to make the country an increasingly important export destination both in Asia and throughout the world.
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