There remains ample room and potential for Ho Chi Minh City and Saint Petersburg City of Russia to increase trade turnover and expand investment cooperation in digital transformation, manufacturing and processing industry, pharmaceuticals, healthcare and education, heard a business forum in HCM City on December 5.
Many enterprises from countries such as the UK, the Republic of Korea and Japan said Vietnam is an attractive investment destination, given the country’s stable macro-economy, rapid growth and large market with a rising middle class.
Both Vietnam and Singapore have great potential to expand cooperation further, an Indian expert said as Vietnamese Prime Minister Pham Minh Chinh is paying an official visit to Singapore from February 8-10.
Due to China's strict zero-COVID policy and disrupted supply chains, more and more German companies in Asia are looking for alternatives and neighbouring Vietnam has become a new target, the German weekly business news magazine WirtschaftsWoch wrote in an article published on May 29.
An online workshop on opportunities brought about by the European Union –Vietnam Free Trade Agreement (EVFTA) for industrial enterprises in Germany’s Bayern state was held by the Bavarian Industry Association (VBW) and the Bavarian Metalworking and Electrical Associations (Bayme VBM) on October 28.
Economic and trade relations between Vietnam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Vietnam is fast becoming an attractive investment destination for Chinese enterprises.
Vietnam’s business environment has been improved significantly, especially the competitiveness, said US businesses from the US-ASEAN Business Council (USABC).
With the target of manufacturing 2.5 million units of automobile by 2020, Indonesia has become an attractive investment destination for the automotive industry.
