The MoIT is willing to listen to ideas and opinions from Korean investors and businesses and will work harder to improve the local business climate, he added. Speaking at the event, Korean Ambassador to Vietnam Park Noh Wan highlighted Vietnam as an open economy which has developed steadily and become member of many free trade agreements. These are good factors for Korean firms to stay confident about their investment and business in the Southeast Asian country, he said. As the COVID-19 pandemic is causing disruption to global supply chains, enterprises from both nations need to exchange frequently and coordinate closely to further boost trade and investment, the diplomat said. Currently, the RoK is Vietnam’s third largest trade partner, after China and the US, with bilateral trade reaching nearly 67 billion USD in 2019. It is also the fourth largest export market and second import market of Vietnam. The RoK mainly imports agricultural and aquatic products, processed food, … [Read more...] about MoIT pledges to do its best to support Korean firms: Minister
Factors attracting fdi
The scale of M&A in Vietnam is about $8.7 million, this is not as large as in other countries, such as Thailand where the market is valued at $18.5 million. Many foreign investors feel the need to set up offices in Vietnam, but carrying out these plans is still hard. … [Read more...] about Seizmic shifts in Vietnamese real estate market
Office space remains a hot commodity as rents soar past the recent peak to reach a decade high. Rental rates in Grades A & B increase was supported by strong demand and higher rental rates in newer office developments. Tenants are struggling to find bigger space as in the current market, only one Grade A building and ten Grade B buildings can provide a contiguous space larger than 1,000 square meter (sq.m). … [Read more...] about Industrial property continues dominating Vietnam’s 2020 real estate sector
Vietnam’s control of the pandemic and its continued growth has further cemented its position as a safe business environment compared to others. And US businesses have noticed. Apple has planned to shift significant production of its products including its AirPods to Vietnam. … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
Co-hosted by the Ministry of Planning and Investment, Ministry of Science and Technology, and co-organised by the National Innovation Centrr and Golden Gate Ventures, the summit included seminars combining online and offline speakers in Viet Nam and in the region on the topics of unicorn hunters, education, technology, fintech and payment in ASEAN and regional logistics. … [Read more...] about Disruptions from COVID-19 create opportunities for investment in innovation