Vietnam Trade Office in Canada

26Although the COVID-19 crisis is deepening across the globe, Vietnam managed to woo $4 billion in FDI capital in the first quarter. As of March 20, 2020, the total newly and additionally registered capital and capital contributed and shares purchased by foreign investors was $8.55 billion, equaling 79 per cent of the same period in 2019, according to a report by the Foreign Investment Agency...

In the coming period, besides promoting search, exploration and exploitation of petroleum in deep-water, offshore areas in association with the national sovereignty protection at the sea in accordance with the development orientation of Vietnam’s Petroleum Industry to 2030, with a vision to 2045 approved by the Prime Minister, Vietnam Oil and Gas Group (PVN) will actively study to search...

Vietnam is in need of major investors in fruit and vegetable production in order to boost processing, especially in the packaging and post-processing stages, to preserve products for longer and enhance their value. The information was released by General Secretary of the Vietnam Association of Vegetables Dang Phuc Nguyen, who said that at the same time businesses needed to gradually...

HÀ NỘI National Assembly (NA) deputies on Tuesday agreed the Law on Public-Private Partnership (PPP) Investment must create conditions to ensure quality of public services and take advantage of investment from the private sector. While discussing the draft law at a meeting of the NA Standing Committee, lawmakers asked for clarification over auditing regulations applied on PPP projects. Some agreed that...

Vietnam jumped 23 places from last year to reach 58.8 points, ranking 105th place in the economic freedom index this year. The Heritage Foundation has released the 2020 Index of Economic Freedom report. The country’s overall score has increased by 3.5 points due to a dramatic gain in fiscal health. Vietnam is ranked 21st among 42 countries in the Asia–Pacific region, and...

The Hanoi People’s Committee has approved the establishment of Dong La Industrial Cluster (IC) and the second phase of Duong Lieu IC on the outskirts district of Hoai Duc. The committee has directed the Hoai Duc People's Committee to select investors with sufficient financial capacity to develop technical infrastructure of the two ICs. Meanwhile, the municipal Department of Industry and Trade...

Foreign enterprises operating in Vietnam in the areas of electronics, automobile assembly, garments and textiles and others are seeking local partners amid the outbreak of the COVID-19 epidemic in a large number of countries across the world. This is an opportunity for Vietnam's supporting industry enterprises to accelerate and participate in the global value chain. Shortage of supply of components...

Vietnam is striving to successfully build up its automobile industry. Vu Tan Cong, deputy general director of Vietnam Automobile Industry and Trade Consulting Co., Ltd., writes about how to develop materials, which are the key for the industry to take off. Vu Tan Cong, deputy general director of Vietnam Automobile Industry and Trade Consulting Co., Ltd In the Strategy on Vietnamese...

A slew of sizeable liquefied natural gas-fired power projects have been in the development pipeline in the past year as a way to replenish national power sources as  Vietnam turns on a greener growth path. Earlier this month, the prime minister allowed Long An I and Long An II thermal power plants that were already in the revised Power Development...

To strengthen measures in curbing the spread of COVID-19 in the community, on March 17 the Vietnamese Government has decided as follows. Entry visas shall be suspended for foreign visitors for 30 days, starting from 00:00 18 March 2020. From 00:00 18 March 2020, entrants who are exempt from entry visas, holders of visa-exempt certificates (people of Vietnamese origin...