Thai retail conglomerate Central Group is planning to expand aggressively at home and in neighboring Vietnam, hoping to tap an expected jump in demand when the COVID-19 pandemic ends, according to Nikkei Asia.

Competition is increasingly fierce, so tech giants are interested in investing in research and development (R&D) to maintain growth and beat their competitors.

Foxconn Group plans to invest more than US$300 million in a new project in Bac Giang Province and employ over 30,000 local workers.

With its vibrant economic development, Vietnam offers an unparalleled investment destination for Singaporean corporations.

The Vietnamese medical devices market, which is growing annually at more than 18%, relies heavily on imports, representing significant opportunities for foreign businesses, according to the Ho Chi Minh City Medical Equipment Association.

Industrial parks (IPs) and economic zones (EZs) across the country have attracted nearly 11,000 foreign direct investment projects worth US$230 billion, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

The R&D center in Hanoi, scheduled to be completed by late 2022, would be Samsung’s major R&D hub not only in Vietnam but also the whole of Southeast Asia.

Samsung Electronics plans to manufacture semiconductor products at its Samsung Electro-Mechanics Vietnam located in Thai Nguyen province in July 2023, Samsung Electronics CEO Roh Tae-Moon told PM Pham Minh Chinh in Hanoi on August 5.

Foreign investors have poured a total of US$15.41 billion into the country during the initial seven months of the year, equivalent to 92.9% compared to the same period from last year.

Ho Chi Minh City has called on US enterprises to invest in 10 major projects of the city, especially those in infrastructure construction.

The country’s ambitious targets of wooing foreign investments this year are expected to be within reach, in defiance of uncertainties affecting global funding flows.

The disbursement of public investment projects in H1 reached VND192, 200 billion (US$8.2 billion), up 10.1 percent compared to the same period last year. However, this rate is not as expected, Minister of Planning and Investment Nguyen Chi Dung said.

HSBC Global Research expects Vietnam to be among the region's top growing nations, as it was one of the world's few countries to record growth in two consecutive years since the pandemic.

Foreign investors’ confidence in Vietnam remains stable amid global uncertainties.

The Vietnamese government understands the cloud and digital transformation trends, and relevant authorities are working closely with public cloud vendors.

Thai retailer Central Retail Corporation has unveiled a five-year plan to invest more than 30 billion THB (829.34 million USD) to expand its operations in Vietnam.

With billions of US dollars worth of high-quality investment committed, Vietnam is set to elevate itself to value chains, becoming a key manufacturing hub in the region.

China-based electronics company Xiaomi has made investments into manufacturing smartphone components in Vietnam as part of its plan to compete against market leader Samsung of the Republic of Korea (RoK).

The country is projected to attract greater investment from the United States, Europe, and other major global enterprises under a recently approved strategy on foreign investment co-operation.

Vietnam is hoping to attract more investment from the US, Europe and major global enterprises under a recently approved strategy on foreign investment cooperation.