Business News

Deputy Prime Minister Vu Duc Dam has signed a decision approving the national strategy for digital economy, digital society development through 2025, orientations to 2030.

Enhancing network information security and safety was a crucial factor in the digital transformation process, the Vietnamese Network Security Joint Stock Company (VSEC) has said, warning that phishing attacks targeting the financial and banking industry might increase.

Digital platforms have helped many businesses make profits during the recent difficult epidemic period by bringing products to distant markets; step by step successfully building a brand at low cost; as well as facilitating smooth flow of goods even amidst the disruptions caused by the epidemic.

The industrial property market is expected to heat up this year, driven by an influx of foreign direct investment (FDI), thanks to an improved manufacturing sector and border reopening which has helped raise investors' confidence.

The southern province of Binh Duong attracted US$1.6 billion in foreign direct investment (FDI) in the first quarter of 2022, an increase of 3.6 times compared to the same period last year, announced Chairman of the municipal People's Committee Vo Van Minh.

The Government will strive to lower recurrent expenses to below 60 percent of the State budget expenditures while increasing development expenditures to 29 percent in the 2021-2025 and continue this course in the following years.

The manufacturing sector witnessed accelerated growth and increased investor confidence in February. The reopening of borders is also a promising sign that is expected to further strengthen the confidence of international markets.

Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.