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Việt Nam posted trade surplus of US$3.52 billion in the first 10 months of this year, even though the country’s exports were affected negatively by Samsung’s Galaxy Note 7 recall.
Cheap labor has been an advantage of countries in the Mekong River basin, including Vietnam, to attract foreign direct investment (FDI) but the factor cannot affect investment decisions of foreign firms in long term, heard a conference held in Hanoi on October 25.
More warnings have been raised around unbalanced development in supply and demand in the property market.
Vietnam received actual inflows of foreign direct investment (FDI) totalling an estimated $12.7 billion in nearly the first 10 months of this year, a rise of 7.6 percent from the same period a year ago, the government said on Friday.
For the year to October 20, total registered of new foreign-invested projects in Vietnam dropped 1.3 percent year-on-year to 12.26 billion USD despite a 24.4 percent increase in the number of projects.
Vietnamese small and medium-sized enterprises (SMEs) are encouraged to promote brand building and e-commerce development to enhance competitiveness at a workshop on e-commerce yesterday in Cần Thơ City.
A memorandum of understanding (MoU) on developing a smart public lighting system in Binh Duong New City of Binh Duong Province was signed on October 25.
Minister of Planning and Investment Nguyen Chi Dung, presenting the plan to restructure the national economy in the 2016-2020 period, said Vietnam would need VND10,000 trillion to do so.
French Ambassador to Viet Nam Bertrand Lortholary said that French businesses were interested in investing in the country because of its favourable investment policies and stable economic growth, particularly compared to other Southeast Asian countries.
The Republic of Bashkortostan is willing to discuss economic cooperation in every form with Vietnam, particularly in establishing joint ventures in farming, machinery manufacturing, oil processing and fertilizer production.
Representatives from public private partnerships (PPP) in apparel and footwear yesterday signed a co-operation agreement for the two sectors’ sustainable development in Việt Nam.
Vietnamese startups have attracted big infusions of cash and have great potential, but only a few of them have reaped fruit.
