Vietnam’s automotive industry will enjoy the fastest growth in Southeast Asia in the next 20 years because of rising demand and help from the government, Vichai Jirathiyut, president of the Thailand Automotive Institute, said at a recent meeting in Ho Chi Minh City.
Ho Chi Minh City’s microchip industry has achieved big successes in recent years and is regarded as the cradle of the Vietnamese semi-conducting microchip industry.
As Vietnam’s economy continues to prosper, the country is becoming increasingly attractive to foreign investors. Many of these businesses choose to form their own wholly owned company in Vietnam, however, there has also been a growing interest in pursuing the M&A track as a method of investing into the country.
South Korean giant Lotte, after inaugurating last September Lotte Center Hanoi, a mixed-use development with offices, a shopping mall, hotels, and apartments, is now eyeing a similar project in Ho Chi Minh City.
Secretary of State of the Hungarian Ministry of Foreign Affairs and Trade István Mikola speaking at the sixth session of Vietnam-Hungary Joint Commission on Economic Cooperation in Hanoi said that Vietnam remains Hungary’s key market in Southeast Asia.
USAID Vietnam Mission Director Joakim Parker tells Viet Nam News that the ongoing public-private collaboration in regulatory reforms has had positive impacts.
Vietnam's manufacturing is on a steady uptick fueled by its young population and cheaper wages.
Vietnamese companies, especially small and medium-sized enterprises, need to use e-commerce more to strengthen their competitiveness in foreign trade, Le Dang Doanh, an economist and former member of the Government Advisory Council, has said.
To focus on the efficient and sustainable development of the mechanical engineering industry by making best use of all domestic resources combined with external resources.
Many Japanese companies are expected to promote foreign investment. Vietnam is capable of receiving a new wave of investment from Japan.
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