Fdi

On April 1, IHS Markit, an information, analytics, and solution provider for the major industries and markets, announced the purchasing manager’s index (PMI) of Vietnam’s manufacturing industry fell from 49 points in February to 41.9 points in March, the lowest level in nine years. This is also the strongest decrease since July 2012. In March, the number of new orders and production both dropped at the fastest rate in history, forcing enterprises to lay off workers.  Business optimism was also at its lowest level since the index was added to the survey in April 2012. The survey results of IHS Markit are quite consistent with the figures released by the General Statistics Office of Vietnam at the end of March. Accordingly, in the first quarter of this year, due to the impacts of the Covid-19 pandemic, foreign investment capital into Vietnam only reached US$8.55 billion, accounting for 79.1 percent compared to the same period last year. Of which, the total newly … [Read more...] about Many positive signals from FDI enterprises

Hanoi (VNS/VNA) - Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of 2020, according to a survey conducted by the General Statistics Office (GSO). … [Read more...] about Many firms optimistic about business in Q2

As South Korean firms and investors continue to seek new growth areas and investment destinations in all of emerging Southeast Asia, Vietnam has by far garnered the most interest. With its recent economic development and rapid changes to its business environment, the investment trends among South Korean investors in Vietnam have also been changing. … [Read more...] about Vietnam’s IT and finance catching South Korean attention

The security and integrity of the Schengen border is of paramount importance to the EU and it seems clear that there will not be any hesitation in extending the period for these border controls should infection rates continue to present serious danger to the countries and their citizens. When it comes to border control, the EU expects member states to rigidly apply them at all times and this will be consistent in its application in every one. The world is waiting to see what the outcome is in countries like Italy and France, hoping that they win the fight to protect citizens and contain the virus. There seems to be no doubt that the authorities in both countries have taken strong action to deal with this pandemic. … [Read more...] about Patience deemed necessary for EU-Vietnam fog to clear