FOUR REASONS MAKE VIỆT NAM AN ATTRACTIVE INVESTMENT DESTINATION
Over the last decade, Việt Nam has become a top destination for investment in manufacturing thanks to lower labour costs, simpler supply chain integration, better free trade access, and relative political stability, according to an article freshly published by the news site tradefinanceglobal.com.
TEXTILE-GARMENT EXPORTS SET TO REACH 43 BILLION USD THIS YEAR: VITAS
Vietnamese textile-garment producers set to earn up to 21 billion USD from exports in the second half of 2022, raising total shipments of the year to around 42 – 43 billion USD, Chairman of the Vietnam Textile & Apparel Association (VITAS) Vu Duc Giang told a press conference on July 21.
OBVIOUS RISKS CONTINUE TO CLOUD FOREIGN INVESTMENT PROSPECTS FOR THE SECOND HALF
According to the World Investment Report 2022, launched this month by the United Nations Conference on Trade and Development (UNCTAD), the world’s foreign direct investment (FDI) recovered in 2021 and hit nearly $1.6 trillion, but this course is unlikely to be sustained in 2022.
FDI REMAINS BRIGHT SPOT IN VIETNAM’S ECONOMY
The COVID-19 pandemic, which has lasted for more than two years, has taken a toll on all business and trade activities, and especially the Ukraine war has pushed the world economy into a gloomy state. However, in the general picture of the economy, FDI into Vietnam was a bright spot in the first months of the year.
INFLATION IN CHECK DUE TO FAVOURABLE FACTORS
The situation would be better back home as agricultural output is expected to keep pace with domestic demand. As farm produce weighs heavily on the Consumer Price Index (CPI), their supply-demand balance would result in inflationary stability.
VIETNAM FIRMLY REBOUNDS AMID CHALLENGES
Ngo Dang Khoa, Country Head of Markets and Securities Services, HSBC Vietnam, said the country's total goods retail sales and consumer service revenues grew 11.7 per cent year-on-year in Q1 this year, or 7.9 per cent if inflation was excluded (1.9 per cent in 2021).
INTERNATIONAL PAPER, COATINGS, RUBBER, AND PLASTIC EXPOS ATTRACT 150 FIRMS
Returning after a gap of three years due to the COVID-19 pandemic, the expos have attracted 150 companies from 17 countries and territories, including Belgium, Germany, the US, Japan, China, India, Korea, Malaysia, Singapore, Taiwan, and Việt Nam, Nguyễn Bá Vinh, director of the Minh Vi Exhibition and Advertisement Services Co Ltd (VEAS), the expos’ organiser, said.
COWORKING TRENDS RUMBLE ON
Vietnam’s high aim of attracting international investors has generated an increasing demand for office space in a relatively short amount of time, thus also creating the opportunity for the rise of the flexible workspace as an perfect alternative for businesses to enter the market.
