Fdi company list in vietnam

The US-China trade war and the pandemic have urged companies to relocate production to avoid tariffs and the need to rely on a single market. These dynamic factors have created an extraordinary opportunity for international investors to take advantage of the regional growth perspective and focus their attention on Vietnam, particularly in the manufacturing sector. This short Q&A with Minh Nguyen, director of Leasing and Facilities Management at BW Industrial, will cover the manufacturing environment and the opportunities available for international investors that are interested in expanding their operations in Vietnam. Minh Nguyen , BW director of Leasing and Facilities Management An overview of manufacturing in Vietnam in 2022 General director of the General Statistics Office Nguyen Thi Huong states that Vietnam’s GDP growth reached 8.02 per cent in 2022, the highest on record since 2011. The GDP per capita and labour productivity also grew to $4,110 … [Read more...] about Manufacturing in Vietnam – assumptions vs. reality

Illustrative image. (Photo: VNA) Washington (VNA) – Representatives of more than 50 US companies will visit Vietnam from March 21-22 to disc us s investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council . Vu Tu Thanh, the council’s representative in Vietnam, said the body has organised these events for three decades, adding that this is the biggest ever mission in the country. Streaming giant Netflix , planning to open an office in Vietnam, and many other companies that already have business or production facilities in Vietnam such as Apple, Coca-Cola and PepsiCo as well as those intending to expand their operations in the Southeast Asian nation are among the participants. According to Thanh, some companies are interested in Vietnam as a manufacturing hub and provider of services, with its economic growth topping 8% last year. Among them is SpaceX which is looking to sell its satellite internet services to … [Read more...] about US businesses exploring investment, business opportunities in Vietnam

Vietnam will amend regulations to simplify work permit applications for foreign workers so that work permits will be issued in the shortest possible time, said Minister of Labor, War Invalids, and Social Affairs Dao Ngoc Dung. At the 25th Vietnam Business Forum 2023 held in Hanoi on Sunday, Minister Dung said the national government had already assigned his ministry to amend and supplement Decree 152 on foreign workers in Vietnam in the third quarter of this year. Following the amendment and supplementation, work permit issuance regulations are expected to be loosened with the enhanced decentralization for agencies. However, foreign experts and managers will receive priority, the minister added. Prime Minister Pham Minh Chinh said his government will simplify visa regulations for foreigners. Regulations will be amended to support foreign laborers, the government chief said, adding that local regulations will not be strict due to several violators. Gabor Fluit, chairman of … [Read more...] about Vietnam to loosen work permit requirements for foreigners

The fact that the visit to Vietnam this time has the largest number of US companies ever indicates a shift in the investment wave to Vietnam and other ASEAN countries. A delegation of 52 US major corporations has come to Vietnam to seek investment opportunities and cooperation in high-potential fields such as innovation, the digital economy, and the space industry. Overview of the press briefing. Photo: HT The information was revealed at a press conference held by the US-ASEAN Business Council (USABC) on March 21, noting that the trip marks the 10th anniversary of the Vietnam-US Comprehensive Partnership. Senior executives from 52 U.S. companies, including Boeing, Lockheed Martin, SpaceX, Netflix, Apple, and Ford, will meet with Prime Minister Pham Minh Chinh, Chairman of the National Assembly Vuong Dinh Hue, and heads of various ministries to discuss policies related to sales, supplies, and investment opportunities. Ted Osius, President and CEO of the … [Read more...] about Largest-ever US business delegation seeks investment opportunities in Vietnam

The design of Lego factory in Binh Duong (Photo: VNA) Binh Duong (VNA) – The southern industrial hub of Binh Duong has seen a positive change in foreign direct investment (FDI) inflows with higher number of projects meeting the locality’s criteria of high technology, high economic values, environmentally friendlỉness, and less labour-intensiveness, according to the provincial Department of Planning and Investment. Outstanding FDI projects satisfying Binh Duong’s green economic development criteria include an over-1-billion-USD factory of Lego Group , which is scheduled to become operational in 2024. Preben Elef, Vice President of Lego Group, said that the factory is Lego's first carbon-neutral project developed towards green, sustainable and environmentally friendly direction. The factory has no carbon emissions, using electricity from renewable sources provided from the solar farm next to the facility, he said, adding that it is built to Leed Gold standard - a globally … [Read more...] about Binh Duong sees increasing green FDI inflows

In the first two months of this year, Da Nang licenced 16 new FDI projects with a total registered capital of 2.55 million USD, a decrease of 53.6% in value year-on-year. To date, the city has lured 965 FDI projects with a total registered capital of over 4.065 billion USD, mostly in industry and real estate. Da Nang will focus on completing infrastructure projects in the development of high-tech industry, information technology and logistics. It is accelerating the completion and upgrading the technical infrastructure of industrial zones and expanding the hi-tech park. Da Nang aims to attract 7 billion USD of FDI by 2030./. VNA … [Read more...] about Da Nang revives FDI inflow

A U.S. tech firm has sought to figure out which colleges have the best coders in the world and come up with a final ranking, where a Ho Chi Minh City-based university is placed in the top-three list. HackerRank, which focuses on competitive programming challenges for both consumers and businesses, has hosted a major University Rankings Competition to “figure out which colleges have the best coders.” The Palo Alto-based technology company announced on its website on Wednesday that their final data found that the world’s best coders in the world hail from universities in Russia, China and Vietnam. Russian ITMO University leads the top-three list, followed by China’s Sun Yat-sen Memorial Middle School and the Vietnamese only representative in the ranking, Ho Chi Minh City University of Science came in third place. More than 5,500 students from 126 schools from around the world participated in the event, with the participating ranked based on both number of participants and high … [Read more...] about Vietnam college among universities with best coders in world: report

SpaceX, Netflix and Boeing are among the companies joining the "biggest-ever" U.S. business mission to Vietnam next week to discuss investment and sales opportunities in the booming Southeast Asian nation, the organizer said. More than 50 companies, including defence, pharmaceutical and tech firms, will participate in the mission organized by the US-ASEAN Business Council, an industry body, according to a list seen by Reuters. The delegation is a sign of rising interest in the global manufacturing hub, which is benefiting from a shift away from China amid Sino-U.S. trade friction. Vietnam, with a population of 100 million people, also has a rapidly-growing consumer market as its middle class expands. "This is the biggest-ever mission in Vietnam," said Vu Tu Thanh, the US-ASEAN Business Council's representative in the country, noting that the body had been organising these events for three decades. Streaming giant Netflix, which Reuters last month reported was planning to … [Read more...] about SpaceX, Netflix, Boeing to join ‘biggest-ever’ US business mission to Vietnam

Though China added Vietnam to its list of approved countries for group tours on March 15, flights carrying groups of Chinese tourists to Khanh Hoa Province in the south-central region will not resume until March 26, according to Cam Ranh International Terminal Joint Stock Company. Accordingly, low-cost air carrier Vietjet Air will run about 34 round-trip flights between China and Khanh Hoa from March 26 to March 31. While China Southern Airlines has plans to reopen an air route connecting China with Cam Ranh International Airport in Khanh Hoa on March 26 with one daily flight, the frequency will float between 25 and 30 daily international flights from mid-April 2023 onward. Several local travel firms which specialize in facilitating Chinese tourism to Khanh Hoa said that China repealing its prohibition of outbound group tours to Vietnam, and Khanh Hoa in particular, would be a big boost to local tourism, enabling outlets to sell more tours for the upcoming holidays – … [Read more...] about Vietnam’s Khanh Hoa to receive dozens of Chinese tour groups through end of month

Vietnam will add more countries to its visa waiver program, offer a longer visa-free stay, and expand the list of countries eligible for e-visa application, Prime Minister Pham Minh Chinh told a teleconference on tourism development in 2023 titled ‘Boosting Tourism Recovery and Promoting Growth’ on Wednesday this week. These moves are expected to boost Vietnam’s inbound tourism one year after the country fully reopened its doors to international tourists on March 15 last year. Speaking at the event, Dang Minh Truong, chairman of Sun Group, said that Vietnam is in dire need of breakthrough solutions to prevent the tourist industry from lagging behind. Relevant ministries and departments should weigh up amending and supplementing regulations of the Law on Foreigners’ Entry in, Exit from, Transit through, and Residence in Vietnam, and report them to the prime minister as soon as possible. Besides, it is necessary to extend tourist visa validity for international tourists from 90 … [Read more...] about Vietnam strives to clear visa roadblocks to woo international tourists