VIET NAM CALLS FOR MORE INVESTMENT IN GREEN ECONOMY, DIGITAL ECONOMY AT WORLD GOVERNMENT SUMMIT
Deputy Foreign Minister Pham Quang Hieu suggested international partners and investment funds invest in areas of Viet Nam’s priorities such as green economy and digital economy.
BINH DUONG: THOUSANDS OF FACTORIES TO BE MOVED FROM RESIDENTIAL AREAS
About 2,900 businesses and factories in residential areas of the southern province of Binh Duong will be re-located into industrial zones and clusters in the locality from 2024-2030, according to a plan sketched out by the provincial People’s Committee.
RAFT OF DEALS TO BRIGHTEN UP FOREIGN FUNDING PICTURE
Minister of Industry and Trade Nguyen Hong Dien has also handed over a decision approving the investment policy for a project to build a combined gas turbine thermal power plant using liquefied natural gas, with a total investment of $2.1 billion in the south-central province of Ninh Thuan.
MORE STRATEGIES INTRODUCED TO SUPPORT BUSINESSES
“The prime target is to remove enterprises’ difficulties and boost both supply and demand, helping them to improve productivity and operational effectiveness, then helping ameliorate the economy’s competitiveness. This will also help us to reach the desired growth goal of at least 6.5 per cent this year,” PM Chinh said.
VIETNAM LUCRATIVE MARKET FOR DIGITAL ECONOMY
Vietnam has a population of nearly 100 million, ranking 15th in the world, but the size of its digital market stood at only the 25th position among the 39 countries surveyed in 2022 by Financial Time and Omdia.
SINGAPORE AND VIETNAM TIES ON TRACK
Vietnam and Singapore are intensifying their bilateral ties in new fields, focusing on digital economy and innovation, infrastructure, and energy, which will help businesses in both economies to benefit from new forms of cooperation.
APPROPRIATE FOREIGN OWNERSHIP LIMIT AT BANKS EXPECTED TO ATTRACT INVESTMENT
Foreign ownership limits at credit institutions were expected to be raised to an appropriate level to attract foreign investment, which plays an important role in improving operational efficiency and accelerating the banking sector's restructuring.
FOREIGN INVESTMENT FUNDS PLAN TO POUR MONEY INTO VIETNAMESE STOCKS
Many billion-dollar investment funds have the intention to pour money into the Vietnamese stock market, an event held by VIR has heard. Quan Duc Hoang, chairman of A+ Fund, made the comments about foreign capital at the roundtable 'New Investments amid New Volatility' hosted by VIR at its headquarters in Hanoi on February 7.
