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Businesses say they need standard anti-pandemic process to organize production

Enterprises say they need a standard anti-pandemic process for specific cases to organize production and ensure uninterrupted supply chains.

Foreign investors maintain interest in Vietnam

Foreign investors maintain interest in Vietnam 16:43 | 07/05/2021 Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal. Japan’s Sumitomo Mitsui Finance Group (SMFG) outlaid 1.37 billion USD for 49 percent of FE Credit. Illustrative image Hanoi - Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal. In early April, the SK Group of the Republic of Korea announced the signing of an agreement with the Masan Group Corporation to acquire a 16.26 percent stake in VinCommerce, a Masan subsidiary, for a cash consideration of 410 million USD.

Foreign investors still show interest in Vietnamese market

Friday, 17:38, 07/05/2021 VOV.VN - Despite the nation suffering an annual drop in foreign direct investment (FDI) during the four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal. Early April saw the SK Group of the Republic of Korea announce the signing of an agreement with the Masan Group Corporation in order to acquire a 16.26% stake in VinCommerce, a Masan subsidiary, for a cash consideration of US$410 million. Elsewhere, Sumitomo Mitsui Finance Group (SMFG) of Japan spent US$1.37 billion on 49% of FE Credit. The two deals served to warm up the Vietnamese merger and acquisition (M&A) market, indicating that it remains attractive to investors, with foreign financiers still seeking to conduct valuable deals.

High-tech success resting on investment

High-tech success resting on investment 08:00 | 17/04/2021 Nguyen Hai Minh - Vice chairman, European Chamber of Commerce in Vietnam For this reason, many European enterprises – including those in EuroCham’s active Digital Sector Committee – have decided to base their operations here to take advantage of Vietnam’s infrastructure, labour force, and future growth potential. The EU-Vietnam Free Trade Agreement (EVFTA) should increase Vietnam’s potential in the high-tech market. This landmark agreement will further liberalise the country’s service sector and open up new industries to European investment and innovation. This, in turn, will increase not just capital flows but also – perhaps more importantly – international experience and knowledge-transfer from high-tech European companies to their partners in Vietnam.

Europe becomes Vietnam's 2nd biggest importer