Vietnam must prepare for new wave of investments

Many provinces and cities across Vietnam have announced quite optimistic results in attracting Foreign Direct Investment (FDI) projects in the last months of the year. Vietnam was well able to control the Covid-19 pandemic, has maintained political stability, has an advantage of huge human resources, ...

The disillusionment about FDI and the middle-income trap

In order to avoid the middle-income trap, Vietnam needs to change its strategy on attracting foreign direct investment (FDI). FDI attraction over the last 30 years hasn’t succeeded as expected.As of the end of 2021, Vietnam had attracted $408 billion worth of FDI, ranked 18th ...

Tran Thuy

Annual report on FDI in Vietnam released for the first time

The Vietnam Association of Foreign-Invested Enterprises (VAFIE) has just unveiled its first annual 2021 FDI report to provide a comprehensive assessment of the results of foreign direct investment attraction, the business activities of foreign-invested enterprises, and to analyse the nation’s investment environment.The annual report provides ...

Vietnam attracts over 29 billion USD in FDI in ten months

Vietnam attracted 29.11 billion USD in foreign direct investment (FDI) in the first ten months of 2019, up 4.3 percent over the same period last year, according to the Ministry of Planning and Investment.Processing and manufacturing remained the most attractive sector to foreign investors during the ...

New regulations on foreign exchange management

The State Bank of Viet Nam has issued Circular No. 06/2019/TT-NHNN on foreign exchange management for foreign direct investment activities in Viet Nam.The Circular, scheduled to take effect since September 6, 2019, regulates such activities like capital contribution, opening and use of foreign currency and ...

State Bank issues new regulations on use of foreign currencies in Vietnam

The State Bank of Vietnam has issued Circular 03/2019/TT-NHNN to amend and supplement several provisions of Circular 32/2013/TT-NHNN on restricting the use of foreign currencies in the territory of Vietnam.Accordingly, Circular 03 supplements certain provisions regarding the cases that non-residents are allowed to use foreign ...

S&P raises Vietnam’s credit rating with stable outlook

Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.In August 2018, credit rating agency Moody’s Investors ...

How Will Foreign Investment Change Vietnam’s Economy?

Vietnam’s cheap workers might not be the country’s stars for much longer: low wages helped to propel the communist nation to some of the fastest growth rates in the world, but analysts say it needs a new economic model now.Keep reading ...

Ha Nguyen

Better links with FDI firms can aid local businesses

Over the past 20 years Việt Nam has embraced trade and successfully integrated into key global value chains. Việt Nam’s gross exports have expanded at an average rate of 18 per cent over the past decade, when overall global trade expanded at just 3.5 per ...

VNS Reporter

Foreign firms in Vietnam face skilled workforce shortage amid FDI wave

Vietnam’s demand for highly-skilled workers will continue growing steadily in the wake of increasing foreign investment inflow, causing a severe shortage of highly-qualified human resources in the time to come, expert have warned.Keep reading ...

Minh Tam

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