VIETNAMESE ECONOMY OFFERS UNIQUE OPPORTUNITY FOR INVESTORS: WEBSITE
As Vietnam's economy is rapidly expanding, outpacing their ASEAN peers, it presents a unique opportunity for investors, said an article published on the Israeli-based financial market news site seekingalpha.com. The article said such growth is underpinned by perse sectors, from high-tech manufacturing to natural resources, and bolstered by significant trade relationships, especially with the US and China.
VIETNAM ROLLS OUT RED CARPET FOR US CHIP GIANT’S INVESTMENT: MINISTER
Vietnam boasts huge potential to develop semiconductor and AI industries, and pledges to create favourable conditions for NVIDIA corporation, a leading chip producer in the US, Minister of Planning and Investment Nguyen Chi Dung said on December 11.
MINISTRIES, LOCALITIES URGED TO ROLL OUT MEASURES TO INCREASE FOREIGN INVESTMENT
According to the document, the solutions have been clarified in Decision 667/QĐ-TTg issued by the Government on June 2, 2022 approving the foreign investment cooperation in the 2021-30 period, and Decision 308/QĐ-TTg approving an action plan to realise the strategy.
VIETNAMESE FIRMS SHOULD BE CAUTIOUS TO AVOID FRAUD IN INTERNATIONAL TRADE
Vietnamese firms should use additional caution to avoid increasingly sophisticated scams in international trade, Deputy Director of the Việt Nam Trade Promotion Agency Hoàn Minh Chiến said. The Ministry of Industry and Trade cited statistics that scams in the global market cost enterprises an estimated five per cent of revenue per year, with damages averaging US$1.7 million per case.
HAI DUONG LIGHTS THE WAY TO FACILITATE INVESTORS FROM AFAR
The northern province of Hai Duong currently has thousands of hectares of clean available land for foreign-invested enterprises, which Japanese groups in particular are interested in.
FDI FLOWS INTO VIETNAM GO UP 14.8 PER CENT IN 11 MONTHS
Nearly 28.85 billion USD in foreign direct investment (FDI) was registered as of November 20, rising 14.8 per cent year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
LOW BANK RATES FAIL TO STIMULATE STRONG CAPITAL INFLUX INTO SECURITIES MARKET
The domestic stock market in Việt Nam, comprising the HOSE, HNX, and UPCoM exchanges, has shown improvement in transaction value since the beginning of the second quarter. The average session value has risen from US$476 million in the first quarter to $677 million in the second quarter and further to $1.01 billion in the third quarter of 2023.
DEVELOPMENT FRAMEWORK NEEDED FOR WIND POWER SALES
Earlier, the Singapore government approved in principle the sale of 1.2GW from a 2.3GW offshore wind farm under the management of the PetroVietnam Technical Services Corporation (PTSC) - a member of the Vietnam Oil and Gas Group (PVN), to the Southeast Asian island nation through a high-voltage undersea cable.
