U.S. News & World Report has just released the ranking of the best economies to invest in this year, showing large changes, with three new faces among the top five. In particular, Vietnam surpassed its Southeast Asian neighbours including Malaysia, Indonesia, and Singapore to rank eighth, massively boosting its 23rd position last year.
Under the draft, tourism; culture and sports; telecommunications infrastructure; infrastructure for science and technology development; infrastructure at industrial parks, economic zones, industrial clusters, and high-tech parks; and infrastructure for rural areas and agriculture would be banned from running PPP projects.
Despite promises that the $3 billion industrial complex proposed by the Lee & Man-Hokuetsu joint venture will create a breakthrough in foreign investment attraction for Ha Tinh province, authorities are mulling over environmental pollution risks.
In the context of the world’s economic slowdown and increasing prices, it is difficult for export activities to surge sharply as they did in the same periods in 2017 and 2018, the Ministry of Industry and Trade (MoIT) reported.
After more than two years of implementing the Central Resolution 10-NQ/TW on “developing the private economy into an important driving force of the socialist-oriented market economy”, the Vietnamese business community has made robust progress and contributed much to the economy.
PM Nguyen Xuan Phuc presides over the Cabinet meeting on Wednesday to discus socio-economic performance in the first eight months as well as measures to achieve set targets for the “breakthrough” year 2019.
Among 103 countries and territories investing in Việt Nam, statistics showed that Hong Kong remained to be the largest in the eight-month period, pouring in nearly $5.63 billion, accounting for 25 per cent of the total FDI pledged in the country.
The Government will diversify forms of investment and partners in a bid to increase connectivity between local and foreign investments in accordance with its orientations on economic restructuring, sustainable development, and development of an independent and resilient economy.