FOREIGN GROUPS KEEN ON SMART MANUFACTURING
More foreign financiers are planning new initiatives in Vietnam as it strives to transform itself into a smart manufacturing powerhouse. At last week’s conference on intelligent manufacturing industry collaboration in Hanoi, experts and Chinese businesses praised the status of Vietnam as an attractive destination for foreign investors and an important link in the global supply chain.
RETAIL STOCKS SEE PROMISING OUTLOOK THIS YEAR
With economic stability, policy support and a shift in consumer behaviour, retail and consumer stocks are emerging as key beneficiaries. Việt Nam’s retail sector is on track for strong growth, presenting compelling investment opportunities as domestic consumption continues to rise. As investors look for sustainable growth sectors, Việt Nam’s modern retail and consumer goods industries appear poised to outperform other sectors in 2025.
ĐỒNG NAI’S Q1 FDI ATTRACTION NEARS YEARLY TARGET
The southern province of Đồng Nai attracted US$927 million in foreign direct investment (FDI) in the first quarter of the year, coming close to its annual target of $1.1 billion, according to reports from the provincial Department of Finance. Of the total, $407 million was invested in 29 new projects, while more than $520 million went to existing ones.
VIETNAM EXPORTS MAINTAIN ROBUST GROWTH
Vietnam’s export-import sector remains a key economic pillar in early 2025. Aiming for a 12-14% increase in export turnover compared to 2024 and a trade surplus of US$30 billion as outlined in Resolution 25/NQ-CP, Vietnam sets its sights on a promising growth path, requiring trong government-business cooperation.
ECONOMIC GROWTH AND GREEN ENERGY FROM VIETNAM’S EV TRANSITION
Vietnam aims to fully decarbonize its economy by 2050. Following the Prime Minister of Vietnam's commitment to net-zero emissions at the United Nations Climate Change Conference in Glasgow in November 2021 (COP26), the country has developed and begun implementing plans to reduce carbon emissions in the transportation sector.
VIETNAM EYES ONE MILLION MORE BUSINESSES BY 2030
Vietnam wants to have at least one million more businesses by 2030, especially small and medium-sized enterprises (SMEs). Prime Minister Pham Minh Chinh has signed a new directive aimed at promoting the growth of SMEs. Directive 10 highlights the vital role of the private sector, particularly SMEs that account for 98% of all businesses nationwide, contribute over 50% of GDP, 30% of state revenue, and provide over 40 million jobs.
VIỆT NAM, CHINA STRENGTHEN COLLABORATION IN TRANSPORTATION INITIATIVES
Việt Nam and China have discussed measures to bolster transport collaboration, particularly in railway development, at a recent meeting between Minister of Construction Trần Hồng Minh and Chinese Minister of Transport Liu Wei as part of the former’s working trip to China. At the event, Minh underscored the Vietnamese Party and Government’s political determination to bring into full play the common perceptions on cross-border railway connectivity and cooperation between the two countries.
HCMC CLIMBS SEVEN SPOTS IN GLOBAL FINANCIAL CENTER RANKINGS
In the 37th edition of the GFCI released by UK-based Z/Yen Partners and the China Development Institute, HCMC ranked 98th out of 119 cities worldwide, up from 105th in 2024, reported the Government news website (baochinhphu.vn). The city gained 25 points to reach a GFCI score of 654, placing it ahead of Manila (Philippines) but behind Bangkok (Thailand) and Jakarta (Indonesia) among Southeast Asian financial centers.
