Foreign investment

He was also happy about the first quarter results of Ho Chi Minh City, as despite international and regional difficulties, the GDP growth of the city remained high compared to the whole country, and highly appreciated the close rapport of the city’s leaders with the business circle. He called on them to use these close relations to identify and solve all bottlenecks as soon as possible and in the best manner. … [Read more...] about Prime Minister breaks through Ho Chi Minh City stagnancy

Vietnam-based start-ups made up nearly 20 percent of the capital invested in Southeast Asia last year. Photo: AFP Vietnamese e-commerce and e-payment companies have been "flooded" with private equity in the past couple of years, said Eddie Thai, a Ho Chi Minh City-based partner at venture capital firm 500 Startups. … [Read more...] about Start-up hub: Vietnam’s young invest ideas in Ho Chi Minh City

Economist Vo Tri Thanh said the government needs to speed up the execution of the VND62 trillion (US$2.7 billion) stimulus package for coronavirus-stricken individuals and businesses and financial support in the form of more than VND180 trillion ($7.7 billion) worth of delayed tax and land rent collection for companies.  … [Read more...] about Vietnam PM asks for long-term stimulus plan to counter COVID-19 impact

 Twenty-five years later, at a time when the Brenthurst Foundation researchers were back for their latest book, he sees a very different country which enjoys a high rate of growth, where the energy of Vietnamese people are now, as it has always been, directed positively towards not just survival, or independence, or freedom from external domination, or just towards unifying the country, but on growth, development and prosperity. From the many countries he has visited in his several high-level positions over the past 25 years, Vietnam’s institutions and mechanisms stand out as being an example of what can be achieved and inspired by its immediate inheritance. Dr Mills argues that while many African countries may complain that their colonial inheritance was difficult, even terrible in reality, Vietnam is a model of how to turn adversity into prosperity, despite its difficult inheritance: a difficult geography, complex ethnic and a linguistic make-up, along with four periods of … [Read more...] about Vietnam on focus of African friends and partners

It was one of only a few countries seeing positive growth. The Vietnamese government intends to do everything it can to restore the economy and increase growth in the remaining months of 2020. As Vietnam pursues its dual goal of containing the epidemic and restoring the economy, experts predict that in the second half of this year the trade balance will remain steady and Vietnam will even see a trade surplus and breakthroughs in foreign investment. These are favorable conditions for Vietnam’s economy to grow. … [Read more...] about Vietnam resolute to achieve target growth