Since the enactment of the Law on Foreign Investment in December 1987, one of the first achievements of ‘Doi Moi’, Vietnam has attracted FDI to its economy for over 30 years. 

Nguyen Ngoc Hoa, deputy director of the HCM City Department of Industry and Trade, talks with Sài Gòn Giải Phóng (Liberated Sài Gòn) newspaper about HCM City’s development plan for the logistics industry to 2025 with a vision to 2030,

Positive signs have been seen in Vietnam’s condotel arena after more than two years of downturn as consumption in the third quarter of this year was reported at 86 per cent compared to less than 40 per cent in the same period of 2018.

In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy.

New foreign investment regulations will have a positive impact on foreign investors in Vietnam for the foreseeable future.

Rice export volume up but value falls

Vietnam's automobile market is expected to set a new sales record this year with sales of the Vietnam Automobile Manufacturer Association (VAMA) members and TC Motors averaging nearly 32,000 cars each month in January-September.

Prices of Grade A office space rise due to low supply

With declining interest rates and loosened monetary policy, investors expected that the Vietnam’s stock market will prosper in the last quarter of this year and prolong to the first quarter of next year.

Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.

Since 2017, Vietnam has had an attractive feed-in tariff (FiT) rate of 9.35 US cents per kilowatt hour for grid-connected solar projects.

With its vast potential of e-commerce development thanks to surging IT and wide smartphone coverage, Vietnam is trying to build its own digital economy fuelled by a hallmark strategy on Industry 4.0.

Smart city building must place people at the core

Vietnam is seen as an increasingly attractive investment destination for many South Korean firms, supported by the country’s growing demand for high-tech products and the government’s incentives applied for the industries.

Labor force quality is still a main obstacle for Vietnam to overcome.

The solar power boom in Vietnam is bringing benefits for Chinese suppliers and contractors in engineering, procurement, and construction participating in the value chain, but are urged to be cautious in choosing suitable and reliable partners.

Domestic enterprises are embracing robotics and advanced technologies in their production lines to boost smart manufacturing activities, but there is a long road ahead for those wishing to keep up with the Fourth Industrial Revolution. 

The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.

Vietnam needs to remain cautious over trading with the US as with the risk of being named as currency manipulator by the latter has not faded away, according to economist Le Dang Doanh. 

Forever 21’s filing for bankruptcy is pointing at deep industry-wide issues that all fashion retailers face.