Business News

At the largest conference ever to create stronger conditions for foreign investors in late April, Prime Minister Pham Minh Chinh emphasised the potential for overseas financiers to get involved in emerging fields such as digital transformation, green transition, circular economy, innovation, and climate change adaption.

So far this year, foreign direct investment (FDI) channeled into Vietnam neared 8.9 billion USD, with new capital surging after a slight decrease in the first three months. According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), there were 750 new projects granted investment licences worth over 4.1 billion USD, up 65.2 per cent and 11.1 per cent annually, respectively.

Starting from July 1 this year, investors can register business online, making the business registration process simple and easy, particularly for household businesses. The Ministry of Planning and Investment has issued a circular amending and supplementing regulations on online business registration. According to the circular, file formats for online business registration include .doc, .docx and .pdf.

The city is running short of industrial land for big foreign direct investment (FDI) projects, said HCMC Chairman Phan Van Mai.
Speaking during a hybrid meeting with foreign investors chaired by Prime Minister Pham Minh Chinh late last week, Mai said the city now lacks large locations of industrial land for strategic investors.

Vietnam has set a target of increasing its green economy's contribution to GDP from 6.7 billion USD in 2020 to 300 billion USD by 2050, which requires drastic and breakthrough steps, Minister of Planning and Investment Nguyen Chi Dung has said.

Deputy Prime Minister Tran Hong Ha has asked representatives of the UK and the European Union to share their experience and technologies in clean energy transition with Vietnam.

The Ministry of Information and Communications (MIC) on April 7 held a meeting to review the first-quarter performance and set future tasks. The event was chaired by Minister of Information and Communications Nguyen Manh Hung and was attended by the ministry’s departments, ICT companies, and leaders of the media.

Viet Nam is among the countries that record biggest improvements in in business environment over the past year, reported the Economist Intelligence Unit (EIU). "The biggest improvements over the past year are in Viet Nam, Thailand, Belgium, Sweden, India and Costa Rica, according to the EIU's latest business environment rankings for the second quarter of 2023.