Business News

An estimated US$866.8 million in foreign direct investment (FDI) was channeled into Ha Noi in January, the municipal Statistics Office reported. An estimated US$866.8 million in foreign direct investment (FDI) was channeled into Ha Noi in January.

As of February 15, Viet Nam's total trade with the rest of the world hit US$84.74 billion, of which export value stood at US$ 44.42 billion. As such, the Southeast Asian country ran a trade surplus of US$4.1 billion in the reviewed period, according to the General Department of Viet Nam Customs.

About 85 per cent of the rapidly growing companies in Vietnam are committed to the environmental, social, and corporate governance (ESG) standard, creating an increase in demand for green-standard office space in the market. By 2026, Ho Chi Minh City is expected to provide 300,000 more square meters of new Grade A office space, such as The Nexus project or VP Bank Saigon Tower. Moreover, over 80% of the future Grade A and Grade B office supply in the southern economic hub will meet green standards.

Business environment reform is tending to slow down, some fields are even creating additional barriers, causing more difficulties and increasing compliance costs for people and businesses, exposing businesses to more risks, according to the former Director of the Central Institute for Economic Management Nguyễn Đình Cung.

After a prolonged wait, the government issued Resolution No.98/2023/QH15, a sweeping initiative to steer Vietnam back towards prosperity. However, the pressing question lingers: will this ambitious vision result in tangible changes for the average Vietnamese citizen? The path forward remains laden with uncertainties.

Several foreign-invested enterprises in the northern province of Bac Giang want to recruit dozens of thousands of employees to expand their operations. According to Bac Giang Industrial Zones Management Authority, in the first quarter of 2024, many foreign-invested enterprises (FIEs) in local industrial parks are seeing growth and want to expand.

Viet Nam has been well-prepared for a fourth boom of foreign investment in the Southeast Asian nation, led by the capital influx in 2023 thanks to effective economic diplomacy work, investment promotion and business environment improvement, said Minister of Planning and Investment Nguyen Chi Dung.

January witnessed the highest export turnover since September 2022. Although the world market was still volatile, exports to major markets have recovered, especially processed and manufactured goods and agricultural and forestry products.