Business News

The Vietnamese Government will lead the way in digital transformation to mobilize public-private investment in this process. Prime Minister Pham Minh Chinh made the above statement in Tokyo on Wednesday morning during his meeting with leaders of several major Japanese digital enterprises.

According to the ministry, by the end of this year, businesses can regain a growth rate like before the pandemic broke out. Sectors that are traditionally strong in export such as telephone, electronics, machinery and accessories are also likely to post export growth of 15-25 percent this year, it said.

Prime Minister Pham Minh Chinh said that Japan is a strategic partner of top importance to Viet Nam. PM Pham, who is on a four-day official visit to Japan, made the above statement at his meeting with former Japanese Prime Minister Suga Yoshihide and President of the Japan–Viet Nam Parliamentary Friendship Union Nikai Toshihiro in Tokyo on November 23.

Authorities of the southern province of Tay Ninh granted investment certificates and gave in-principle approval to 12 foreign-invested projects with a total registered capital of 91 million USD in the first ten months of 2021.

Ring Road 3 of Ho Chi Minh City and Ring Road 4 of Hanoi City may be built in the form of public-private partnership (PPP).

Vietnam has become a reliable destination for foreign investors. By October 20, 2021, the country had 34,266 valid projects with total registered capital of over 404 billion USD.

Financing public investment to generate future growth and to speed up economic recovery post-COVID-19 remained Vietnam's most important challenge in the near future, said economists and policymakers.

Trade remedies should be utilised more and in a more effective way to ensure fair competition and protect domestic production in the context of Việt Nam’s deeper integration into the global economy through more free trade agreements (FTAs), according to experts.