FDI continues to flow into Vietnam as the country has a positive outlook and a friendly investment and business environment.
Japan's Onaga Company received an investment certificate on July 15 for a factory manufacturing aircraft and automobile components located in Hanoi Southern Supporting Industrial Park (HANSSIP).
The Vietnamese Government’s incentive policies to attract investment will create more favorable momentum for other Japanese small and medium enterprises to invest in Hanoi Southern Supporting Industrial Park.
On July 15, at the South Hanoi Supporting Industrial Park (Hanssip), the awarding ceremony of investment certificates and investment licenses for Japanese enterprises and cooperation in supporting industry production chains between Vietnam and Japan took place
The new facility will be equipped with warehousing automation, smart building, and energy-efficient solutions.
The South Korean tech giant would support the training of 100 experts and assist 50 local companies in applying the model of the smart factory in Vietnam.
HNP - The People’s Committee of Hanoi has ordered local public agencies to take stronger actions to improve its Satisfaction Index of Public Administration Services (SIPAS).
Most Southeast Asian economies are likely falling into recession in the first half of 2020 due to the severe impact of the COVID-19 outbreak, according to a fresh report commissioned by the Institute of Chartered Accountants in England and Wales. Growth, however, is expected to spring back to an average 8 per cent in 2021, supported by fiscal stimulus packages and monetary easing.
Acquisitions worth well over a billion dollars took place this year in retail and banking, and the trend could persist in 2020, experts say.
An average, basic two-bedroom flat in HCMC and Hanoi costs VND2 billion ($86,300), 28 times higher than the average annual salary of fresh graduates.