Despite failing to achieve the growth target, Vietnam is still considered a country with high growth in the region and remains to be regarded as a destination for 2024 by international investors.
Vietnam invested 421 million USD in overseas projects in 2023, equal to 78% over last year, said a report from the Ministry of Planning and Investment.
Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%.
The new Real Estate Business Law, passed by the National Assembly in November and effective from 2025, could narrow the scope of regulation and tighten conditions for transferring real estate projects.
Robust foreign direct investment (FDI) flows into Việt Nam has become the spotlight of the Vietnamese economy on the backdrop of global slowdown and rising uncertainty. The Government has switched the FDI attraction policies towards quality inflow and sustainable development, pinned by the ambition of becoming a global chip production centre. Việt Nam Institute for Economic and Policy Research’s Vice President Nguyễn Quốc Việt spoke with Việt Nam News reporter Mai Linh on new competitive advantages for Việt Nam to remain an attractive destination for the quality and high technology capital inflow.
HCM City’s Sài Gòn Hi-Tech Park (SHTP) and US-based Ansys Software Pvt Ltd. (Ansys) on Thursday signed a Memorandum of Understanding (MOU) to collaborate to foster electronic design expertise and advance the semiconductor industry in Việt Nam.
Vietnam has successfully executed a landmark transaction, selling 10.3 million tonnes of CO2 emission credits to the World Bank for nearly VND1.25 trillion VND ($52.74 million), as confirmed by the Ministry of Agriculture and Rural Development to the prime minister on December 28.
Việt Nam remains committed and focused on enhancing the development of hydrogen energy production and hydrogen-source fuels in regions with potential and advantages in renewable energy, close to major consumer markets.
Ho Chi Minh City has attracted more than 1 billion USD, both new and adjusted capital, to its industrial parks so far this year, surpassing its plan by 83.57%, the HCM City Export Processing and Industrial Zones Authority (HEPZA) said on December 27.
Disbursement of foreign investment reached US$23.18 billion in 2023, up 3.5 per cent year-on-year and marking a record high thus far, a report from the Ministry of Planning and Investment’s Foreign Investment Department (FIA) has shown.
The physical absence of certain foreign investors is slowing down procedures and hampering planned construction projects.
The market share of Cloud services between foreign and domestic enterprises is 80 percent and 20 percent respectively.
Foreign direct investment (FDI) registered in Vietnam neared US$36.61 billion as of December 20, 2023, up 32.1 percent over the same period in 2022, announced the Foreign Investment Agency under the Ministry of Planning and Investment.
In Vietnam, the automotive sector anticipates maintaining its growth trajectory of recent years. The Vietnamese government has set high goals for the sector, hoping to make the country a regional centre for vehicle exports and production by raising localisation rates in 2025.
Swiss logistics company Militzer & Münch has opened a new subsidiary in Vietnam as part of its board strategy to grow in Asia.
Vietnam attracted nearly 36.61 billion USD of foreign direct investment (FDI) this year to December 20, a rise of 32.1% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The increasing demand for fresh food and e-commerce is serving as the main driving force of the domestic cold storage market – a niche segment of logistics that is expected to grow in the future.
Japan will continue providing more of its official development assistance to Vietnam in a series of sectors, especially in infrastructure projects.
The Vietnam Science and Technology Journalists’ Club has announced a list of 10 outstanding science and technology events of Vietnam in 2023, which covers various aspects such as policy and mechanisms, social sciences, natural sciences, applied sciences, the honouring of scientists, and international integration.
Vietnam has recorded many encouraging results amid complex and unexpected developments in the world situation in 2023. Many experts and international organisations perceived that the country remains a bright spot in the global panorama.