The Kuwait Times on June 3 ran an article on the bright prospects of the Vietnamese economy. Below is the full text of the article.
Global computer chip manufacturer, Intel, has announced that it will be moving more of its mature products to Vietnam due to the Southeast Asian country’s lower labor costs.
A series of small-scale foreign direct investment (FDI) projects have been funnelled into Vietnam, contributing to increasing the number of FDI projects operating in the support industry, reported Dau tu (Vietnam Investment Review) online.
Vietnam and Portugal should double their efforts to make economic, trade, and investment cooperation key pillars in their bilateral relations while promoting affiliation in marine economy, navigation, energy and tourism.
Leaders of Ho Chi Minh City and Japan's Saitama Prefecture had a meeting in Ho Chi Minh City yesterday to seek opportunities to boost partnerships and economic connections.
Quang Ninh has chosen to focus on attracting Japanese investments by improving its business climate and upgrading infrastructure.
The boom in trade expected from upcoming free trade agreements, the Trans-Pacific Partnership and the ASEAN Economic Community as well the country’s rapidly growing e-commerce are going to drive a transformation in Vietnam’s logistics industry.
Deputy Chairman of the Ho Chi Minh City People’s Committee Nguyen Huu Tin called on Republic of Korea businesses to invest in five key fields.
A young well-educated workforce, competitive labor cost and the strategic location of Vietnam being near global supply chains make the nation very competitive in the region, said John Chong, chief executive officer of Maybank Kim Eng Group.
Foreign investors who directly invest in Viet Nam for the first time by purchasing shares or capital contribution without setting up investment projects shall face administrative penalties and be imposed obligation to establish projects.
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