Vietnam job opportunities for foreigners

This has been illustrated by the country becoming Vietnam’s second-largest foreign investor last year, involved in nearly 4,400 projects worth almost $60 billion. Sumitomo, Honda, Toyota, Canon, and Panasonic all have a substantial foothold in the country. Vietnam also has the distinction of being named the most promising destination for investment in Asia this year, according to a survey carried out by media group NNA Japan Co., Ltd and revealed last month. In the survey, over 42 per cent of the 820 respondents selected Vietnam as a top investment location, citing factors such as growth potential and supply of skilled and low-cost labour. India was second at just over 12 per cent, with Myanmar third on 11.6 per cent and Indonesia fourth at 6.6 per cent. … [Read more...] about Bright spots for FDI inflows in Vietnam in 2020

Hanoi (VNA) – The healthcare market is drawing investors from home and abroad thanks to high demand and sustained growth. Raghu Rai, Founder & CEO of Jio Health, described Vietnam as a fertile land with an annual average spending increase of 10 percent on healthcare services. Moreover, Vietnam has one of the fastest growing middle-income class countries, where people give priority to healthcare and education services. Meanwhile, director general of Nielsen Vietnam Louise Hawley said a survey conducted by the company showed that health is a major concern among Vietnamese people, besides a stable job. In recent times, domestic and foreign businesses have invested in the healthcare sector through direct investment or mergers and acquisitions, she added. Deputy Minister of Health Nguyen Truong Son said the ministry is willing to work with firms that are interested in public-private-partnership (PPP) investment./. … [Read more...] about Healthcare market attracts foreign investors

If Tiki and Sendo successfully carry out the merger, the Vietnamese e-commerce market will be the playing field for three major players. Two of them, Lazada and Shopee, are foreign invested. SBI E-Vietnam is the biggest shareholder with 21.85 percent of shares, while Econtext Asia 11.47 percent and Beenos Asia 5.93 percent. … [Read more...] about Vietnam’s e-commerce firms spend big money to fight foreign giants

Hanoi (VNA) – The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6 percent in the first two months of the year to 6.47 billion USD, according to a report from the Ministry of Industry and Trade’s Foreign Trade Agency. Disbursement of foreign capital declined 5 percent to 2.45 billion USD in the period. As many as 500 new projects received investment licenses, with total registered capital of 5 billion USD, doubling the amount recorded the same time last year. Singapore’s Delta Offshore Energy Pte Ltd Co was the largest investor with its liquefied natural gas-fired (LNG) power plant valued at 4 billion USD in the Mekong Delta province of Bac Lieu. There were 151 projects registering to adjust their capital. Total additional capital fell nearly 25 percent to 638.1 million USD. Capital contributions and share purchases by foreign investors fell substantially by 84 percent to 827.3 million USD. From January-February, most foreign … [Read more...] about Foreign investment falls 23.6 percent in first two months

The 2020 F1 race, to be organized for the first time in Vietnam this April, will be the highlight of the tourism promotion campaign amid the coronavirus outbreak. “They repeatedly contact us and ask if F1 is canceled because of Covid-19,” a senior executive of a travel firm said. … [Read more...] about F1 race part of new ‘Vietnam is still safe’ tourism campaign