Foreign investment

Hanoi (VNA) – Vietnam has recorded significant achievements in managing national foreign debts over the past three decades, said an official at a workshop held in Hanoi on January 26. Vo Huu Hien, Vice General Director of the Ministry of Finance’s Department of Debt Management and External Finance, made the statement, adding that the effective management has transformed Vietnam from a poor and heavily indebted country into a one receiving international organisations’ recognition as having a controlled external debt level and being excluded from the group of countries with a debt burden. According to data from the ministry, the public sector’s proportion in the structure of the national external debt decreased from 73.6 percent in 2010 to 63.4 percent in 2015 and 43.7 percent in 2020. The Government’s foreign loans are mainly official development assistance and concessional loans. To date, Vietnam has signed more than 85 billion USD worth of these loans. … [Read more...] about Progresses seen in Vietnam management of national foreign debts: workshop

Don Lam, deputy head of Vietnam’s Private Economic Development Research Board, said that the two countries are seeing positive figures in trade relations with Vietnam’s imports from India rising 65 percent between 2017 and 2020 to reach $4.5 billion. … [Read more...] about Indian investment in Vietnam yet to match potential: official

Hayward Quartz Technology will build a $110 million semiconductor factory in Danang Hi-Tech Park Covering an area of 102,200 square metres, Hayward Quartz Technology Inc.'s United States Enterprises project is designed in two phases. The first phase has an area of 61,578 sq.m with capital investment of $66 million. The project is expected to begin construction in the second quarter of 2021 and put it into operation in the second quarter of 2023. … [Read more...] about Hayward Quartz Technology develops $110 million semiconductor factory in Danang

Local trade, services, and tourism activities have been fairly robust. Many products in Dong Thap have made them into retail distribution systems of leading businesses nationwide. Accordingly, the province posted an annual growth of 11.6 per cent in the total retail sales revenue of products and services. Meanwhile, the export value of major products in the province surpassed $1 billion annually. … [Read more...] about Dong Thap makes leaps and bounds ahead across board

Vietnam received 109 investors in the technology sector in 2019. In the first half of 2020, only a modest number of new investors joined the market. Instead, the investments last year mostly came from domestic companies and foreign investors who had worked in Vietnam. … [Read more...] about Investment in technology in Southeast Asia: focus shifts to Vietnam