A shoes factory in Hai Duong province (Source: VNA)
Vietnam is in a good place to lure new investment, a conference in Ho Chi Minh City heard on October 15.
The tenth investor conference held by VinaCapital Investment Management Ltd (VinaCapital Investor Conference) drew more than 100 representatives from major groups and companies in Asia and Europe.
Many participants said tamed inflation, lower interest rates, average economic growth at a high rate of about 6 percent over the past five years, better infrastructure and investment incentives have raised Vietnam’s competitive edge compared with other Asian countries.
Deputy Minister of Finance Truong Chi Trung briefed investors about Vietnam’s socio-economic situation and prospects for development.
Vietnam has sped up its economic restructuring, focusing on investment, banking, State-owned enterprises, the stock market and insurance, he said.
Such efforts have paid off, he said, citing total foreign direct investment (FDI) registered at about 270 billion USD, to date, with more than 19,000 projects by investors from 105 countries and territories.
According to the official, Vietnam is maximising efforts to complete its market economic institution, focusing on revamping the legal framework and administrative procedures, and implementing an investment reform programme. This would create optimal conditions for private investors at home and abroad.
During the two-day conference, investors also discussed positive s๊igns regarding the Trans-Pacific Partnersh꧟ip (TPP) agreement, negotiations on which recently concluded in the US.-VNA
International credit rating agencies on October 12 said the Trans-Pacific Partnership (TPP) deal was credit positive for participating sovereigns including Vietnam.
Vietnam has been integrating robustly into the global economy, with eight free trade agreements it has signed and the Trans Pacific Partnership (TPP) negotiation it concluded recently.
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.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
A shoes factory in Hai Duong province (Source: VNA)
