Private investments in Vietnam have reached a new peak in contrast to the trend towards decline around the world and in the ASEAN region due to the impact of COVID-19.
Private investments in Vietnam have reached a new peak in contrast to the trend towards decline around the world and in the ASEAN region. (Photo: baoquocte.vn)
Hanoi (VNA) - Private investments in Vietnam have reached a newpeak in contrast to the trend towards decline around the world and in the ASEANregion due to the impact of COVID-19.
Thanks to its success in containing the pandemic, Vietnam has emerged as a brightspot, with economic growth reaching 2.91 percent in 2020 - a positive rategiven the gloomy global picture.
The International Monetary Fund (IMF) forecast that its GDP will grow 6.7 percentthis year. Goldman Sachs and HSBC are even more optimistic about the economy,which, they said, will expand 8.1 percent in 2021.
Vietnam’s middle and upper class is expected to grow substantially, from 25percent of the national population in 2017 to 45 percent in 2030.
Moreover, free trade agreements to which Vietnam is a signatory have benefitedthe country regarding tariffs and exports, especially smartphones andelectronic products, garments and textiles, footwear, and agriculturalproducts.
Adjustments to the Law on Enterprises and the Law on Investment have alsoplayed a part in the country’s positive outlook.
In private investment, a total of 59 transactions worth 1.14 billion USD wereconducted in 2020, with technology retaining its leading role over the lastfive years.
Local retail and service firms associated with technological solutions havecaught the eye of investors, with notable investments including 100 million USDby Warburg Pincus in Momo e-wallet and the Northstar Group’s 130 million USD inTiki - one of the three leading e-commerce platforms in the country.
Conglomerate Vingroup posted a record in this regard after GIC injected 500million USD into Vincommerce in 2019 and KKR funnelled 650 million USD inTemasek and Vinhomes in 2020.
Investments in healthcare have also increased rapidly, as Mekong Capital andVinaCapital have poured 31.8 million USD into Pharmacity and 26.7 million USDinto Thu Cuc Hospital, respectively.
Sectors such as transportation, education, healthcare, and technology areexpected to become magnets for investors this year./.
Vietnam and Ho Chi Minh City in particular have remained appealing to foreign investors who are continuing to pour capital into the southern economic hub despite the COVID-19 pandemic.
The Mekong Delta city of Can Tho will issue more preferential policies for investors to set up private nurseries in the city’s industrial parks and processing export zones, according to the municipal People’s Committee.
Private investment is forecast to keep flowing into the healthcare sector in the time ahead with the appearance of many new drivers, according to the Dau tu (Vietnam Investment Review) newspaper.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Private investments in Vietnam have reached a new peak in contrast to the trend towards decline around the world and in the ASEAN region. (Photo: baoquocte.vn) 
