Production at a company in Ho Chi Minh City. (Photo: SGGP)

Vietnam’s economy – bright spot amid Covid-19 pandemic

Despite the disruption of supply chains, Vietnam's gross domestic product (GDP) still rose by 3.68 percent in the first quarter. In the second quarter, the economy nosedived with the growth rate merely at 0.39 percent. In the third quarter, GDP growth recovered to 2.62 percent, sending the three-quarter growth rate to 2.12 percent.
Mr. Nguyen Thanh Phong, Chairman of the Ho Chi Minh City People's Committee, exchanges with domestic enterprises about the capability of supplying supporting industry products for FDI enterprises. (Photo: SGGP)

Foreign direct investment capital into Vietnam increases thanks to FTAs

Generally, in the first nine months of this year, the total foreign investment capital into Vietnam reached US$21.2 billion. Of which, there were 1,947 newly-licensed projects. Many economic experts affirmed that the free trade agreements (FTAs) that Vietnam has already signed and will sign this year are accelerating the flow of foreign investment to Vietnam.
Contracts and petitions for debt collection at court. (Photo: SGGP)

Contract disputes with foreign enterprises at alarming rate

Due to carelessness in selecting investors, many investors have come to Vietnam to cooperate and use the services of domestic enterprises, then welshed on their debts. Currently, the courts and arbitration centers in the country have received lots of debt collection lawsuits against some international investors and corporations.
The production of electrical equipment at Nidec Tosok Company in Tan Thuan Export Processing Zone in Ho Chi Minh City. (Photo: SGGP)

FDI capital flow heads to Vietnam

The Japanese Government has just announced a list of 30 Japanese enterprises receiving support packages when relocating their investments to Vietnam. Most of them are enterprises operating in the field of manufacturing, processing, and medical equipment. Of which, there are large-scale enterprises, such as Hoya Group, Matsuoka Group, Meiko Co., Ltd., and Nikkiso Co., Ltd.
Foreign capital keeps pouring heavily into Vietnam

Foreign capital keeps pouring heavily into Vietnam

By May 29, the foreign capital flow still poured heavily into Vietnam. Accordingly, the total foreign investment capital, including additional capital, capital contribution, and purchase of shares, in the first five months of this year reached US$13.9 billion. 
FDI enterprises in Binh Duong overcome difficulties

FDI enterprises in Binh Duong overcome difficulties

In recent months, the Covid-19 pandemic has caused many difficulties for enterprises in Binh Duong Province, including foreign direct investment (FDI) enterprises. However, many businesses have dynamically overcome difficulties to retain workers and partners around the world.
FDI capital attraction sharply drops in Q1

FDI capital attraction sharply drops in Q1

According to the Foreign Investment Agency under the Ministry of Planning and Investment, total foreign direct investment (FDI) capital into Vietnam in the first quarter of this year was at US$8.55 billion, merely accounting for 79 percent of that in the same period last year.
Foreign capital continues pouring into Vietnam

Foreign capital continues pouring into Vietnam

In the first two months of this year, the electricity, electrical refrigeration, processing, and manufacturing industries continued leading in the foreign direct investment (FDI) capital attraction into Vietnam. According to experts, this comes from the advantage that the country has successfully signed the EU-Vietnam Free Trade Agreement.
  Producing electronic components at Nidec Tosok Company in Tan Thuan Export Processing Zone in Ho Chi Minh City. (Photo: SGGP)

Vietnamese market attractive to foreign enterprises

The Ministry of Industry and Trade has recently cooperated with relevant departments to organize an event to promote export and connect market for domestic and foreign enterprises, attracting 850 enterprises from 20 countries and territories.
Foreign investment in Vietnam hits US$31.8 billion

Foreign investment in Vietnam hits US$31.8 billion

The Foreign Investment Agency under the Ministry of Planning and Investment recently announced that total newly registered, additional investment, capital contribution and purchase of shares by foreign investors has nearly reached US$31.8 billion as of November 20 this year, an increase of 3.1 percent over the same period last year.