Lacking initiatives and preparation, it has been challenging for Vietnam’s enterprises to join global supply chains, according to the Vietnam Confederation of Industry and Commerce (VCCI)’s latest study.

Older, labor-intensive, high-emission models in industrial zones (IZs) and export processing zones (EPZs) need to be eliminated, said HCM City’s Party Committee Secretary Nguyen Van Nen.

Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

European enterprises are focusing more and more on green investments to tap into fresh opportunities from Vietnam’s actions to achieve net zero by 2050, but they need legal improvements and incentives to facilitate their plans.

Vietnam may face disadvantages in global supply chains due to its outdated technologies and poor labor quality.

Some Chinese websites like Sina and Sohu have recently published an article, pointing out 10 reasons to invest in Vietnam.

42 per cent of European companies anticipate that they will increase foreign direct investment (FDI) flows to Vietnam by the end of 2022.

Capital disbursements of foreign direct investment (FDI) projects reached US$15.4 billion between January and September, its highest nine-month figure in five years.

The strong foreign direct investment (FDI) inflow from the Republic of Korea (RoK) has been giving a significant push to Viet Nam in the battle to move up the global value chain ladder and promote sustainable development.

If VN can develop national enterprises into powerful large corporations to act as pillars of the economy, the country will take off and prosper, economist Tran Dinh Thien told VietNamNet on the occasion of Vietnam Entrepreneurs’ Day (October 13).

A lack of large-scale projects and global political fluctuations are key reasons for a fall in newly-registered capital inflow to Vietnam over several consecutive months.

Global manufacturers are increasingly offering solutions to foster the competitiveness of the country’s supporting industries, thus creating a solid foundation for a shift in the global supply chain.

The socioeconomic situations over the world, along with the efforts of Vietnam to build a competitive and transparent business climate, have contributed to enabling FDI disbursement to its highest peak ever.

Coca-Cola Beverages Vietnam Co., Ltd started construction of its largest factory in Vietnam in Phu An Thanh Industrial Park in the Mekong Delta province of Long An on October 14.

The effectiveness of foreign investments in Vietnam will be assessed through 36 indicators as proposed by the Ministry of Planning and Investment in a draft decision of the Prime Minister.

Foreign investment disbursement in the first nine months of 2022 reached the highest 9-month growth rate over the past five years - up 16.2 per cent over the same period in 2021, reaching $15.4 billion.

Vietnam wants foreign investors to come to cooperate and not build closed facilities that are separate oases in the economy, former chair of the Vietnam Confederation of Commerce and Industry (VCCI) Vu Tien Loc said.

Molex, the world’s leading electronic component and connection device manufacturer, has announced a plan to expand its production facility in Hanoi with a total production area of 16,000 sq m.

The number of Apple manufacturing partners setting up their factories in Vietnam has increased to 25 at present, four more than the 2020 figure, the tech giant said in its list of supply partners for the fiscal year 2021.

Molex, the world’s leading supplier of connectors and interconnect components, has unveiled its ambitions to expand its existing manufacturing plant in the Vietnamese market by developing its plant in Hanoi.