Large FDI projects continue to enter Vietnam


Large FDI projects continue to enter Vietnam

Vietnam continues to be an attractive destination for foreign investors despite the COVID-19 pandemic, with a series of large FDI projects about to enter the country. Foxconn Technology Group, a Chinese Taiwan manufacturer, recently paid a field trip to Thanh Hoa province to find a location to build an industrial park of about 150ha for…

Standard Chartered: Vietnamese Economy to Expand 6.7% in 2021


Standard Chartered: Vietnamese Economy to Expand 6.7% in 2021

Vietnam’s GDP growth rate is projected to reach 6.7% in 2021 and climb to 7.3% in 2022, one of the best performers in the world amidst the COVID-19 pandemic, according to Standard Chartered. In its recent report entitled “Vietnam – Strong performance continues this year”, the banking and financial services company said Vietnam’s economic fundamentals…

S&P Global Ratings raises Vietnam’s outlook to ‘positive’


S&P Global Ratings raises Vietnam’s outlook to ‘positive’

The S&P Global Ratings announced on May 21 that it has retained Vietnam’s sovereign credit rating, improving its economic outlook to ‘positive’ from ‘stable’. The Finance Ministry said Vietnam is the only country in the world to have its outlook improved by Moody’s, S&P and Fitch. The S&P made the decision on the back of…

Vietnam’s GDP growth to expand by 7 pct in 2021: AMRO report


Vietnam’s GDP growth to expand by 7 pct in 2021: AMRO report

Vietnam’s GDP growth is expected to rebound to 7 percent in 2021, driven by a recovery in goods and service export, resilient domestic economy, and healthy investment inflows, according to the ASEAN 3 Macroeconomic Research Office (AMRO). In its Annual Consultation Report on Vietnam published on May 19, which was produced based on AMRO’s virtual…

Vietnam emerges as popular investment destination for 140 countries


Vietnam emerges as popular investment destination for 140 countries

Vietnam has emerged as an investment destination for 140 countries and territories globally, attracting 33,000 foreign direct investment (FDI) projects with total registered capital of US$394 billion, according to the Ministry of Planning and Investment (MPI). MPI Deputy Minister Nguyen Thi Bich Ngoc says despite the impact of the COVID-19 pandemic Vietnam has successfully fulfilled…

Four Hanoi Hotel Rooftops Named World’s Most Beautiful


Four Hanoi Hotel Rooftops Named World’s Most Beautiful

Four hotels in Hanoi’s iconic Old Quarter have been voted by Tripadvisor users as having among the world’s 25 best rooftops for 2021, with one taking first place. Hanoi La Siesta Diamond Hotel took first place in the world’s top 25 rooftop hotel list, part of 2021 Tripadvisor Travelers’ Choice Awards compiled by U.S. travel…

Vietnam – A safe destination for development of FDI


Vietnam – A safe destination for development of FDI

Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, a recent forum in Hanoi heard. The Ministry of Foreign Affairs and Vietnam Economic Times co-held the Connections for Development Forum 2021 held late last month, with the theme “Seizing New Opportunities…

VinFast car sales up 16.6 percent in April


VinFast car sales up 16.6 percent in April

Vietnamese automaker VinFast on May 12 reported that it sold 2,717 units of various kinds in April, up 16.6 percent month-on-month. Amid the complicated developments of the COVID-19 pandemic, VinFast still made solid strides on the domestic market. The small-sized hatchback model Fadil remained the best seller with 1,559 units being sold, up 18.8 percent….

Vietnam is among countries with the world’s fastest growing e-commerce


Vietnam is among countries with the world’s fastest growing e-commerce

With borders closed and travel restricted since early 2020, cross-border e-commerce has proved itself as a game changer, setting the scene for Vietnamese traders to climb up the global supply chain and reducing risk of disruption caused by an unprecedented crisis like COVID-19. Vietnam is among countries with the world’s fastest growing e-commerce, said Lai…

Hanoi proposes fourth ring road at $5.9 bln


Hanoi proposes fourth ring road at $5.9 bln

Hanoi has proposed building a fourth ring road with a price tag of VND135 trillion ($5.87 billion) to connect with neighboring localities. The road would pass through 14 districts in three localities, running 56.5 kilometers in Hanoi, 20.3 kilometers in Hung Yen Province and 21.2 kilometers in Bac Ninh Province. The elevated road will have…