FOREIGN GROUPS KEEN ON SMART MANUFACTURING
More foreign financiers are planning new initiatives in Vietnam as it strives to transform itself into a smart manufacturing powerhouse. At last week’s conference on intelligent manufacturing industry collaboration in Hanoi, experts and Chinese businesses praised the status of Vietnam as an attractive destination for foreign investors and an important link in the global supply chain.
RETAIL STOCKS SEE PROMISING OUTLOOK THIS YEAR
With economic stability, policy support and a shift in consumer behaviour, retail and consumer stocks are emerging as key beneficiaries. Việt Nam’s retail sector is on track for strong growth, presenting compelling investment opportunities as domestic consumption continues to rise. As investors look for sustainable growth sectors, Việt Nam’s modern retail and consumer goods industries appear poised to outperform other sectors in 2025.
ĐỒNG NAI’S Q1 FDI ATTRACTION NEARS YEARLY TARGET
The southern province of Đồng Nai attracted US$927 million in foreign direct investment (FDI) in the first quarter of the year, coming close to its annual target of $1.1 billion, according to reports from the provincial Department of Finance. Of the total, $407 million was invested in 29 new projects, while more than $520 million went to existing ones.
HẢI DƯƠNG'S INDUSTRIAL PARKS ATTRACT $419 MILLION IN Q1
In the first quarter of this year, industrial parks in Hải Dương, including An Phát 1, Kim Thành 2 (Phase 1), Cẩm Điền - Lương Điền, Cộng Hòa, Lai Cách, Lai Vu, Phúc Điền Expansion, Phú Thái, Gia Lộc and Đại An, attracted investment projects totalling about US$419 million. Foreign direct investment (FDI) accounted for $125 million, while domestic direct investment (DDI) reached over VNĐ6.9 trillion ($270 million), according to the Hải Dương Industrial Zones Authority.
VIỆT NAM’S GARMENT-TEXTILE INDUSTRY STITCHING A GREENER, SMARTER FUTURE
According to Chairman of the Việt Nam Textile and Apparel Association (VITAS) Vũ Đức Giang, many Vietnamese enterprises are already weaving eco-friendly materials like organic cotton, recycled polyester, and Tencel. This aligns with global trend as major global brands operating in Việt Nam have committed to achieving net-zero carbon emissions by 2050 under the Fashion Industry Charter for Climate Action.
VIETNAM EXPORTS MAINTAIN ROBUST GROWTH
Vietnam’s export-import sector remains a key economic pillar in early 2025. Aiming for a 12-14% increase in export turnover compared to 2024 and a trade surplus of US$30 billion as outlined in Resolution 25/NQ-CP, Vietnam sets its sights on a promising growth path, requiring trong government-business cooperation.
CUTTING-EDGE TECH REINFORCES F&B MARKET POTENTIAL
Vietnam is becoming a keen destination for food service equipment manufacturers who are seeking to take root in the market. Nguyen Hoai Nam, business development manager at coffee solutions provider Cubes Asia, told VIR that Vietnam’s food and beverages (F&B) market will evolve in phases, emphasising the importance of catering to a diverse range of customer groups.
FOOD AND BEVERAGE SECTOR MAINTAINS STELLAR GROWTH WITH DEALMAKING NOUS
In mid-March, Trung Nguyen Legend broke ground on a coffee factory in Buon Ma Thuot city of the Central Highlands province of Dak Lak, at a cost of over $78 million. This is Trung Nguyen Legend’s fifth factory in Vietnam, with the venture expected to boost robusta coffee processing and exporting capabilities in Vietnam’s largest coffee-growing region.
