The Vietnamese manufacturing sector continued to grow at the end of the first quarter as a faster rise in new business spurred a continued expansion of output, a Nikkei report said.
International investment funds are preparing hundreds of millions of US dollars to buy land in Thu Thiem, HCM City, to develop long-term real estate.
The US economic presence in Vietnam has been increasing steadily since the normalization of Vietnam-US relations since the 1990s. Russia, which was once the largest trade partner of Vietnam, has also returned.
Nestor Scherbey, a senior advisor of the Vietnam Trade Facilitation Alliance (VTFA), has suggested Vietnamese cities and provinces establish an information database on foreign direct investment (FDI) businesses and domestic suppliers.
The Japan External Trade Organization (JETRO) recently published the results of a survey of 557 Japanese firms, asking for their opinions on Vietnam’s business environment in 2015.
The ASEAN Finance Ministers have committed to adopting cautious monetary and fiscal policies to sustain economic growth and stabilise the macro-economy, in which, economic restructuring remains a priority in the region.
Vietnam’s gross domestic product (GDP) growth is forecast to be robust in 2016 and 2017, possibly outperforming other countries in the region, according tointernational banks.
Germany has pledged to work with Vietnam to boost cooperation in water and environment-related studies in the face of global climate change, as well as in addressing the challenges of the 21 st century.
A new wave of Japanese investment is expected to arrive in Hanoi in the near future thanks to the Trans-Pacific Partnership (TPP) Agreement.
The business environment in Vietnam has been increasingly improved.
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