Standard Chartered: Vietnam - an attractive market to investors
About 40 percent of Chinese investors will select Vietnam as their next location if they plan to move investment out of China, said a survey of the Standard Chartered Bank.
Hanoi (VNA) – About 40 percent of Chinese investors will select Vietnam as t🅺heir next location if they plan to move investment out of China, said a survey of the Standard Chartered Bank.
The bank's chief economist for Asia David Mann said Vietnam's policies which opened the door for more foreign direct investment (FDI) flows to enter its market have made the country an attractive market in Asia.
According to the economist, Vietnam’s administrative reform and tariff removal, and the country’s participation in regional trade agreements, help attract more foreign investors.
In its recent survey, Grant Thornton Vietnam also said that domestic and foreign investors are keen on the Vietnamese market and have positive outlook about the country’s economy.
Vietnam is attractive because of its abundant source of labour, low operational cost, diverse population structure and stable political environment.
According to ASEAN statistics, FDI into the region reduced by 8 percent to 120 billion USD in 2015, but the investment flows into Cambodia, Laos, Vietnam and Myanmar rose 38 percent to 17.4 billion USD./.
The retail banking market in Vietnam has been extremely competitive among more than 100 credit institutions. Therefore, banks must provide customers with the highest value and service from the heart will help to achieve customers’ goals and aspirations.
A forum was held by the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) and Japan’s IHI Corporation in Hanoi on October 8 to introduce Japanese enterprises to Vietnam’s potential for cooperation and development, aiming to forge links between the two countries’ businesses.
The Vietnam Chamber of Commerce and Industry organised a meeting in Hanoi on Sep. 29 for Vietnamese and Russian enterprises to help share information and seek investment cooperation opportunities.
A Russian expert on Asia-Pacific and the ASEAN from the Russian Institute for Strategic Studies has hailed Vietnam as an attractive market for investors and a highly competitive economy.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative image (Source: VNA)
