Vietnam has become a magnet for foreign direct investment (FDI). FDI inflows to Vietnam stood at $2.4 billion in 2006, or 0.2 per cent of the global FDI flows. This has grown to $14.1 billion and 1 per cent in 2017. This share is set to rise further as more multinationals seek to set up manufacturing production in the country. In the first four months of this year, there have been 1,082 new projects that were granted investment certificates, with the total registered investment capital amounting to $5.34 billion, a 50 per cent increase from the same period last year. What attracts foreign investors to Vietnam are its political stability, a welcoming policy environment, skilled and competitive labour force, and access to the global market place with the country securing free trade agreements which will cover 60 per cent of the world’s GDP. The benefits of FDI to the Vietnamese economy are evident in the strong GDP growth performance, the rapid rise in the country’s total … [Read more...] about What’s needed to shift towards higher quality investment?
What is economy class
This year, the Swiss giant plans to improve organic sales growth and underlying margins to it progresses toward its 2020 target. Chris Johnson, Executive Vice President, Chief Executive Officer Zone, Asia, Oceania and sub-Saharan Africa (AOA), speaks to VnExpress about how one of the biggest companies in the world has set its business goals for 2019 and contributes to the Vietnam’s overall socio-economic development. Can you share the highlights of Nestlé's business performance last year? Nestlé Vietnam has had strong performance in the last four years and we are among the fastest growing food FMCG companies in Vietnam. Although Vietnam is not a huge market for Nestlé, it is the fastest growing market in Asia. And its contribution to growth has been important. We have much confidence in the growth potential of Nestlé Vietnam based on a strong and growing economy and burgeoning middle class and population. If we look at other countries, sometimes we are strong … [Read more...] about Vietnam is Nestlé’s fastest-growing market in Asia
(VEN) - With three decades of experience in Vietnam, French leader Bolloré Logistics sees political stability and high growth rate offering great potential for investors in the country, Marc Moeschlin, Managing Director, Bolloré Logistics Vietnam Co. Ltd, tells Vietnam Economic News. He also spoke about growth opportunities and the company’s contributions to Vietnamese economy and society. Marc Moeschlin, Managing Director, Bolloré Logistics Vietnam Co. Ltd What are main activities and achievements of Bolloré Logistics in Vietnam? Established in Vietnam in 1989, we were the first international logistics company with a set up in Ho Chi Minh City (HCMC). We now offer a full range of transport and logistics solutions, as well as customs brokerage and regulations advisory service, industrial projects handling, and Value-Added Services (VAS) warehousing solutions. We employ 180 people, and our head office in HCMC is supported by branches in … [Read more...] about Bolloré Logistics: Time to do business in Vietnam is now
Foreign direct investment (FDI) in the real estate sector has transformed Vietnam’s urban landscapes, with the vistas now sporting spectacular developments from the very first big names, like Phu My Hung, Ciputra, and of course Indochina Land. What role has FDI played in the Vietnamese real estate market? FDI has helped introduce international standards for real estate development in Vietnam. With The Nam Hai and Six Senses Con Dao, Indochina Land raised the bar for resorts in Vietnam, thus firmly planting the country in the arena of global luxury tourism. Our other developments, including Indochina Plaza Hanoi and Hyatt Regency Danang, have made high-end properties accessible to Vietnamese people, owners, and tenants alike. We also inspired the property market in Vietnam to adopt and embrace world-class standards in terms of design, services, and operations. Furthermore, a portion of FDI has been devoted to improving infrastructure in Vietnam. Accessibility is a key driver for … [Read more...] about Regulations moving in the right direction-But there is work to be done
The first class of Asian entrepreneurs have graduated from the eFounders Fellowship at a ceremony in Hangzhou, China. The program, a joint initiative by the United Nations Conference on Trade and Development (UNCTAD) and Alibaba Business School, aims to enable young entrepreneurs to unlock their full potential and to bridge the digital divide. With the conclusion of the second eFounders program, Alibaba is now another step closer to fulfilling the commitment made by Jack Ma, founder and Executive Chairman of Alibaba Group, in his capacity as the UNCTAD Special Adviser for Young Entrepreneurs and Small Business. Over the next five years, Alibaba and UNCTAD will help empower 1,000 entrepreneurs in developing countries to use digital transformation for more inclusive and sustainable economic development. “The energetic spirit and creativity of these young entrepreneurs and the altruistic approach they demonstrate in supporting the Sustainable Development Goals is encouraging. Their … [Read more...] about First Class of Asian Entrepreneurs Graduates from UNCTAD and Alibaba Business School’s eFounders Fellowship Program