Vietnam key industries

With a population of 94 million, Vietnam has gone 43 days without any COVID-19 cases caused by community transmission, as of Thursday May 29. The national COVID-19 count stands at 327. Of these, only 49 are active cases, and 278 have recovered after treatment. … [Read more...] about Vietnam safe for travel: WeSwap

It is forecast that within the next three decades, 70 per cent of Vietnam’s workforce will be displaced by automation. In this digital age, data, science, technology, engineering, and mathematics are going to be key capabilities and competencies. “Education and training is very important. People must be the owners, the handlers, and decision makers. They need to have skills to manage technologies,” said Denis Brunetti, president of Ericsson Vietnam, Myanmar, Cambodia, and Laos. … [Read more...] about Big expectations for Vietnam in sustainable smart city development

FDI enterprises are the most effective with ROA of over 13%, doubling that of state-ownd companies of 5.2% and 4 times higher than that of private sector companies at 2.5%. State-owned enterprises lead in contributing to state budget, 4 times higher than FDI enterprises and 10 times higher than that of the private sector. … [Read more...] about State enterprises dominate Vietnam’s top 500 list

Additionally, there has been growing investor interest across Vietnam's wind sector over the past year, which has strengthened the pipeline significantly. Most notably, Enterprise Energy has plans to build the Ke Ga offshore windfarm in Vietnam with a 3.4GW capacity, which will be the largest offshore wind farm in the region if it comes to fruition. The project has registered some progress, given that PM Phuc has requested for a formal proposal for the project to be included into the country’s power development plan. … [Read more...] about Vietnam wind power sector to see growing opportunities: Fitch Solutions

Representing the business community, Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry, believes the reform of administrative procedures and investment environment should be an absolute requirement for each locality as they try to attract private capital. In line with this, the Government has asked ministries to cut down at least 20% of the number of documents under their authority between 2020 and 2025. … [Read more...] about Vietnam strives to effectively attract private investment