As the wave of high-tech investment spreads across northern Việt Nam, the northern province of Phú Thọ is emerging as a new hub for electronics and semiconductor manufacturers.
Việt Nam recorded a trade value of US$470.6 billion from January 1 to July 15, marking a 16.2 per cent year-on-year increase, according to the Department of Việt Nam Customs.
The shift in foreign direct investment (FDI) flows into Việt Nam may become clearer after August 1 – the date when the US is set to officially announce its new tariff policy.
This makes Việt Nam the fastest-growing economy among the ASEAN+3 group, which includes the ten ASEAN countries along with China, Japan and South Korea.
Among 72 countries and territories investing in Việt Nam over this the period, Sweden emerged as the third largest investor, with a total investment of $1 billion or 10.8 per cent of newly registered FDI, coming after only Singapore and China.
The Vietnamese stock market reacted mildly positively to the news as of mid-day July 3, though shares of industrial park developers and exporters saw declines. In contrast, shares of US-listed companies with significant sourcing from Việt Nam such as Nike...
On June 30, localities across Việt Nam announced resolutions on the merger of administrative units, marking a significant step in the country''s efforts to streamline governance and promote regional development. Following the restructuring, Việt Nam will consist of 34 provinces and...
Global tech giant Qualcomm has just launched an Artificial Intelligence (AI) Research & Development (R&D) centre in Việt Nam, which is expected to help position Việt Nam as a leading AI R&D hub in the region and the world.
The southern province of Đồng Nai had lured over US$1.218 billion in foreign direct investment (FDI) as of early June, achieving 152.3 per cent of its annual target.
Bắc Ninh will focus on the in-depth development of the semiconductor industry, establish a centralised information technology zone, and train a highly skilled workforce comprising engineers and microchip specialists.
Localities in the southeastern region are augmenting efforts to better the investment climate, further enhancing their attractiveness to both domestic and foreign investors.
Chairman of the People’s Committee of Bắc Ninh Province recently attended the groundbreaking ceremony for two projects with a total investment of US$640 million.
At the event, businesses raised concerns related to value-added tax refunds, increased land rental costs, reduced LNG supply, labour shortages, the issuance of construction ownership certificates and environmental hygiene and traffic safety on roads within industrial zones.