Vietnam a magnet for foreign investment: Business Times
Thanks to policies to support post-COVID-19 recovery, and the gradual resumption of tourism activities, Vietnam is an investment attraction magnet, Lao Dong (Labour) Newspaper cited The Business Times of Singapore as saying.
Thanks to policies to support post-COVID-19 recovery, and the gradual resumption of tourism activities, Vietnam is an investment attraction magnet. (Photo: VNA)
Hanoi (VNA) - Thanks to policies to support post-COVID-19recovery, and the gradual resumption of tourism activities, Vietnam is aninvestment attraction magnet, Lao Dong (Labour) Newspaper cited The BusinessTimes of Singapore as saying.
According to TheBusiness Times, "decisive containment measures andwell-targeted government support" as defined by the International MonetaryFund in its report duringthe early years of the pandemic helped limit economic depression from the healthcrisis.
According to the Singapore BusinessFederation's (SBF) National Business Survey which was conducted from July toOctober last year, Singapore businesses remain keen on the Vietnamese market.
Vietnam came in second in terms of countries Singapore businesses were mostkeen to invest into. Of the 440 companies who said they are planning for futureexpansion, 31 percent said they wanted to go to Vietnam.
A view of Ho Chi Minh City (Photo: VNA)
Singapore has been the topinvestor in Vietnam for the last 2 years.
According to the Vietnamese Ministry of Planning and Investment, in 2021, thecountry poured 10.7 billion USD into Vietnam, accounting for 34.4 percent oftotal investment capital in Vietnam.
Significantly, there was no dip in terms of overall realised foreign directinvestment (FDI). The total disbursement of FDI was 19 billion USD in 2018, andthis increased to 20 billion each year in the 2019 -2021 period.
SBFand the United Overseas Bank Ltd. (UOB) of Singapore were both recognised by Vietnam's Ministry of Planning andInvestment for their efforts to promote FDI into Vietnam.
Meanwhile,Vietnam is striving to resuscitate its tourism sector with plans to fullyreopen the country to foreign visitors, and Chief Executive Officer of the UOB Vietnam Harry Loh said the lifting of nearly all the travelrestrictions from March 15 will create positive impacts.
The Diplomat magazine of India recently reportedthat Vietnam’s touristindustry has grown by leaps and bounds, in line with its dynamic economy overthe past two decades, accounting for over 10percent of the GDP.
Therefore, the tourism revivalhas become a crucial matter in the Government's wider plan to revive theeconomy, The Diplomat said./.
Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported.
Singapore’s daily Business Times said on November 2 that Vietnam’s digital transformation efforts have yielded the biggest improvement among regional economies.
Given the COVID-19 epidemic, the EU-Vietnam Free Trade Agreement (EVFTA), which entered into force in August 2020, has helped to boost two-way trade and buffer the impact of the economic downturn, according to an article posted on October 13 by The Business Times of Singapore.
Vietnam is expected to accelerate its economic recovery from the pandemic this year after having recorded a 2.6 percent increase in gross domestic products (GDP) in 2021, Singapore’s Business Times reported.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
Thanks to policies to support post-COVID-19 recovery, and the gradual resumption of tourism activities, Vietnam is an investment attraction magnet. (Photo: VNA) 
A view of Ho Chi Minh City (Photo: VNA) 
