Foreign investment poured in Vietnam despite COVID-19
Despite impacts of the COVID-19 pandemic, Vietnam is still attracting foreign investment in its electronic industry, Taiwan-based website Digitimes has reported.
Hanoi (VNA) – Despite impacts of the COVID-19 pandemic, Vietnam is still attracting foreign investment in its electronic industry, Taiwan-based website Digitimes has reported.
According to the website, foreign electronic companies have been maintaining their factories in Vietnam's northern region despite the pandemic. Vietnam's semiconductor industry is expected to grow strongly in the next five years.
According to Fitch Solutions, amid COVID-19, Vietnam is still chosen by many foreign investors as a destination to build production bases, especially in the electronic industry.
As many as 65 percent of foreign electronic enterprises set up their production bases in northern localities of the country, while about 30 percent of them built facilities in the southern region, and a few in the central region.
According to a report by global technology research and advisory company Technavio, the Vietnamese semiconductor market is poised to grow by almost 19 percent in 2020-2024 to 6.16 billion USD.
Meanwhile, Vietnam’s smart phone shipments witnessed an 11 percent year-on-year growth in the second quarter of 2021 with Chinese original equipment manufacturers capturing around half of the market, according to Counterpoint Research’s Monthly Vietnam Channel Share Tracker./.
The US’s Vector Fabrication Inc has been scouting locations in central Vietnam for a Micro-Electro-Mechanical Systems (MEMS) factory with an estimated investment of 60 million USD, according to the Head of the Da Nang Hi-tech Park and Industrial Zones Authority (Da Nang HPIZA), Pham Truong Son.
Vietnam prioritises foreign investment projects in high technology, innovation, research and development, and projects that create favourable conditions for Vietnamese enterprises to participate in the value chain, as well as those related to promoting the digital economy and actively contributing to the country’s sustainable socio-economic development.
Vietnam’s overseas investment totalled 570.1 million USD in the first seven months of 2021, a 2.3-fold increase from the same period last year, data from the Ministry of Industry and Trade’s Foreign Investment Agency (FIA) showed, reflecting Vietnamese firms’ efforts to expand foreign markets.
The northern province of Vinh Phuc is adopting a number of mechanisms and policies to attract investment in the development of supporting industries, considering it as an important step to build a sustainable industry.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
Illustrative photo (Source: VNA) 
