Several foreign-invested firms have moved to increase recruitment of workers as they strive to meet the demand for production expansion and complete orders after a COVID-19 inflicted hiatus, according to industry insiders.

Despite challenges in terms of labor resources, supply chain disruptions, geopolitical fluctuations and economic conflicts, Vietnam still sees opportunities from various shifting investment waves and changes in trade structure and order.

By the end of February 2022, the registered capital for project adjustment of foreign investors in Vietnam has increased by US$3.59 billion, a year on year increase of 123.8 percent.

In 2021, investment capital in start-ups hit a record level of 1.35 billion USD, making Vietnam the most attractive startup valley in the region.

In the early days of 2022, foreign capital inflows into Vietnam showed many positive signs. After a year of strong withdrawal in the stock market, the cash flow is forecast to be more positive in 2022.

Vietnam attracted approximately US$5 billion in FDI during the opening two months of the year, equivalent to roughly 91.5% against the same period last year, according to statistics released by the Ministry of Planning and Investment.

Vietnamese and Singaporean businesses signed cooperation deals worth nearly 11 billion USD at the Vietnam-Singapore business dialogue on February 25, which was attended by President Nguyen Xuan Phuc.

SAIGONTEL of Vietnam and Aurous Capital Pte. Ltd of Singapore have signed a Memorandum of Understanding (MoU) on investment cooperation in a $2.5-billion project to develop an industrial and urban complex in Bac Giang.

HCM City is reviewing the land fund and removing obstacles in legal procedures to soon put IPs Le Minh Xuan 2, Phong Phu, Le Minh Xuan, Vinh Loc and Tay Bac Cu Chi into operation.

More and more foreign investors are coming to Vietnam, which is gradually making Vietnam a new production base of the world.

The words of Prime Minister Pham Minh Chinh may be what remains foremost after the annual Vietnam Business Forum (VBF).

There were reports that Samsung had relocated two smartphone production lines of its business partners from Vietnam to the Republic of Korea (RoK) to ensure a smooth supply chain.

Japanese businesses view the Vietnamese market an attractive investment destination in the medium and long run, according to Toru Aguin, chief representative of Japan Bank for International Cooperation (JBIC) in Vietnam.

Foreign investors net sold billions of US dollars on Vietnam’s stock market in 2021, but in the first month of 2022, the foreign capital flow has started to return.

Thai Nguyen province yesterday handed over a licence to Samsung Electro-Mechanics Vietnam Co., Ltd (SEMV) under Samsung Corporation to add US$920 million to its project in the Yen Binh industrial park (IP) in Pho Yen town.

Prime Minister Pham Minh Chinh has asked Thailand’s Siam Cement Group (SCG) and Amata Vietnam to apply latest technologies in the 5-billion-USD oil refining and petrochemical project in Vietnam.

Foreign investors have increased their capital in the Vietnamese logistics market to seize upon development opportunities after the COVID-19 pandemic, according to industry experts.

The volume and quality of FDI inflows into Vietnam have improved as evidenced by rising number of ‘green’ projects.

Foreign retail businesses are adopting a multi-channel sales strategy as well as improved operations and delivery services to expand Vietnam operations despite pandemic impacts.

More than 55% of Japanese enterprises investing in Vietnam said they will expand their investment in the next one to two years.