Economy and commerce
The reverse side of export growth
In recent years, Vietnam’s export revenue has soared in tandem with a rising number of lawsuits filed against local companies.In the eyes of Vietnamese businesses, the signings of 15 FTAs have minimized the use of tariff barriers for free flow trade, but it has paradoxically ...
Hung Le, Ngoc Nguyen
Annual report on foreign investment for 2022 released in Vietnam
The 2022 annual report of foreign investment in Vietnam was announced at a ceremony in Hanoi on March 10.The report is authored by Prof., Dr. Nguyen Mai – President of Vietnam’s Association of Foreign-Invested Enterprises (VAFIE), with reference to documents of many prestigious international organisations ...
Vietnam improving legal framework to attract green finance, green technology
Vietnam is actively implementing a roadmap for an improved legal framework for better attracting green finance and green technology; and encouraging green production and investment, said Deputy Prime Minister Tran Hong Ha.Speaking at the event, Ha emphasised that considering the green economy and green transformation ...
Viet Nam SDGs Investor Map makes debut
The UNDP in Viet Nam has launched the Viet Nam Sustainable Development Goals (SDGs) Investor Map, presenting 14 investment opportunities, all of which contribute to a more sustainable and inclusive Viet Nam.This map aims to secure the interest of international and domestic investors in sustainable ...
Unlocking private investment in science, technology, innovation development in Vietnam
The Ministry of Science and Technology, UNDP in Vietnam, and UNDP SDG Impact co-hosted a conference in Hanoi last week with policymakers, experts, investors, and businesses to explore barriers and opportunities to unlocking private investment to accelerate the development of science and technology (sci-tech) and ...
EIB Global to support Viet Nam's efforts to decarbonize electricity sector
EIB Vice-President Kris Peeters and Viet Nam Electricity Chairman Duong Quang Thanh have signed a memorandum of understanding paving the way for an increased EIB contribution to sustainable electricity generation.As part of the Vietnamese government’s target of achieving net zero emissions by 2050, EVN has ...
Thuy Dung
Building tools to "screen" FDI projects with potential risks
On November 16, the Viet Nam Chamber of Commerce and Industry (VCCI) held a workshop on “Screening tool for investment projects in Viet Nam”. The tool includes mandatory assessments of whether the project complies with investment laws in Viet Nam; mandatory assessments of potential economic, social ...
Thuỳ Dương
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
Forum highlights sustainable forest governance, timber trade monitoring
The Centre for Sustainable Rural Development (SRD) and the Vietnam Administration of Forestry co-organised a forum on sustainable forest governance and timber trade monitoring in Hanoi on August 22. It is one of the annual activities aiming to promote the efficiency of forest governance and ...