With a stable political environment, strategic location, and a young, dynamic workforce, Bac Ninh continues to attract strong inflows of foreign direct investment (FDI).

Authorities of the southern industrial hub of Binh Duong held a meeting with two major foreign direct investment (FDI) enterprises operating in the province to address challenges facing the firms in production and business operations while encouraging their further expansion.

In response to the growing demand of digital transformation and smart production, the Ministry of Industry and Trade has implemented harmonious measures to support domestic businesses in navigating the fourth industrial revolution.

Vietnamese manufacturing business sentiment is set to rise in the third quarter on the back of the country’s unexpectedly higher economic growth in the second quarter and an optimistic outlook for the year.

Strengthening linkages and cooperation between foreign-invested and domestic enterprises will contribute to promoting the sustainable development of the Vietnamese wood industry, according to insiders.

Representatives of foreign business associations have proposed several solutions to improve the investment and business environment in Ho Chi Minh City at a meeting with municipal officials hosted by the Investment & Trade Promotion Centre of the city on March 14.

The foreign direct investment (FDI) sector maintained its role as an export pillar of Vietnam’s economy with revenue of 43.2 billion USD in the first two months of this year, up 14.7%, and accounting for 72.8% of the country’s total export value.

Foreign firms contributed 259.95 billion USD or 73.1% of Vietnam’s total export revenue in 2023, statistics show.

The northern province of Bac Giang is working to strengthen the development of quality of Party organisations and members at non-State enterprises and businesses at local industrial parks, according to the Party Committee of the Bac Giang Party Organisation of the Business Bloc.

Vietnam will continue to build a safe, transparent and highly competitive business and investment environment, enabling businesses and investors, including foreign ones to operate for a long term in the country, stated Prime Minister Pham Minh Chinh while chairing a conference with foreign direct investment (FDI) firms in Hanoi on October 16.

Domestic private enterprises in the southern province of Dong Nai earned nearly 5.8 billion USD from export activities in 2022, a record so far, according to the provincial Department of Industry and Trade.

In the recent three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, trade revenue between Vietnam and other member countries has seen two-digit growth every year, said Director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT) Luong Hoang Thai.

The Ministry of Planning and Investment has asked People’s Committees of cities and provinces to instruct relevant agencies to review foreign-invested projects in the localities.

Leaders of the northern province of Ha Nam on January 13 held a meeting with foreign investors to listen to their feedback, aiming to seek measures to remove obstacles and difficulties in their production and business activities.

The Ministry of Industry and Trade (MoIT) has said this year it will closely coordinate with several foreign multinationals like Samsung and Toyota to connect with local suppliers of materials and accessories, in an effort to seek alternative supply for imports in both short and long terms.

A conference will be held in Hanoi on November 6 to seek ways to remove difficulties facing businesses in the capital city amid the COVID-19 pandemic, according to the Hanoi Promotion Agency (HPA).

Many FDI firms in the central province of Thanh Hoa are recruiting tens of thousands of labourers as the pandemic has been brought under control.

Authorities of Dong Nai on September 18 held a dialogue with associations and foreign direct investment (FDI) businesses in the southern province to grasp and remove their difficulties amidst complicated developments of the COVID-19 pandemic.

Up to 94 percent of the FDI enterprises in the manufacturing industry tend to step up the application of cutting-edge technologies and automation, thus requiring employees to equip themselves with new skills.

A webinar on the role of the private economic sector and experience in foreign investment management of Vietnam in Doi moi (renewal) process took place in Venezuela on June 9.