Japanese

Illustrative image (Source: VNA) Hanoi (VNA) – The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year. The region, comprising Ho Chi Minh City and five provinces of Dong Nai, Binh Duong, Ba Ria–Vung Tau, Binh Phuoc, and Tay Ninh, has been attractive to investors. HCM City and Binh Duong were the leading localities in FDI attraction in 2022 with 3.94 billion USD and 3.14 billion USD, respectively. Right at the beginning of 2023, Binh Duong welcomed many large firms coming to explore the local investment opportunities, including Sembcorp and CapitaLand from Singapore, Nebraska from the US, and Tokyu from Japan. According to the Ministry of Planning and Investment (MPI)’s Foreign Investment Department, the southeast region will continue to be the major FDI magnet of the country … [Read more...] about Southeast region prepares for new FDI wave

In 2022, Ho Chi Minh City's industrial food production recorded a significant increase of 30.5 per cent on-year. However, the industry is facing many fresh challenges this year due to fluctuations in the global economy affecting export markets and a slowdown in economic growth. Phan Van Co, marketing director of Vrice Group, said, "Since the beginning of the year, the cost of materials for rice production has increased considerably, by 3-5 per cent. While the price of rice has increased in many countries around the world, it has not increased as it has in the Vietnamese market, making it difficult for Vietnamese rice exporters to compete." In 2023, industry and trade in Ho Chi Minh City will strive for an increase in the index of industrial production of 7.5 per cent; growth in the total retail sales of social consumer goods of 12 per cent; and a 10 per cent jump in exports, excluding crude oil, through the city's port. The targets were set while taking such difficulties as the … [Read more...] about Ho Chi Minh City food enterprises hope expansion is key