Vietnam ranked seventh among the top 10 emerging colocation markets globally with a market size estimated to hit 1.5 billion USD by 2026, according to a recent report by KPMG published earlier this month.

The rapid expansion of foreign food and beverage (F&B) chains in Vietnam was making the domestic market more robust despite the trend of tightening spending in a global downturn.

There are about 25,000 foreign invested enterprises (FIEs) in Vietnam, a small figure compared with the 800,000 operational Vietnamese enterprises. But FIEs are the major players in most business fields.

The role of foreign invested enterprises (FIEs) has been enormous and cannot be denied in all aspects of our country’s economic and social life over the past 35 years.

Besides the listed FDI enterprises doing business with profit, there are names that have been delisted due to losses.

Singapore was the biggest foreign investor in HCM City in terms of newly-registered projects and capital contribution for share purchases in the last five months, with 72 new projects worth $121.5 million.

Steve Biegun, senior vice president of Global Public Policy at Boeing, unveiled the firm’s long-term investment plan during his May 26 meeting with Vietnamese Minister of Industry and Trade Nguyen Hong Dien in Detroit, USA.

The processing and manufacturing sector was the largest recipient of FDI, with more than 6.64 billion USD, accounting for 61.2% of the total pledges, followed by finance-banking, real estate, and science-technology.

The Ministry of Planning and Investment (MPI) is working on the design of incentives and measures to support new investment activities amid the upcoming application of the global minimum tax.

Vietnam has yet to lose its advantage as an attractive destination for foreign investment flows, although in the short term, investors are taking a careful consideration before making their decision.

Prime Minister Pham Minh Chinh has signed a directive clarifying tasks and solutions to enhance the efficiency of foreign investment attraction in the new period.

The global corporate minimum tax is unlikely to impede Vietnam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Vietnam, said Michael Kokalari, chief economist at investment fund VinaCapital.

Revenue in the luxury goods market in Vietnam will amount to 957.2 million USD in 2023, and grow annually by 3.23% in the 2023-2028 period, according to Statista, a statistics portal for market data.

Vietnam has received the largest investment from AEON till now, according to AEON president Akio Yoshida.

Despite an overall export decline due to the shortage of orders, foreign direct invested (FDI) businesses still posted more than US$14 billion in trade surplus in the first four months.

Despite an overall export decline due to the shortage of orders, FDI businesses still posted more than 14 billion USD in trade surplus in the first four months, further affirming their role as the main growth driver of the economy.

Despite impacts caused by the COVID-19 pandemic, foreign direct investment (FDI) is still being poured into Vietnam, contributing importantly to turning the country into a new production hub of the world.

The Mekong Delta region, located on the maritime route in the centre of the ASEAN region, has great potential to draw strong investment waves from other countries, especially neighbouring nations.

As the tax and land fee incentives that have made Vietnam appealing to foreign investors are about to end, the Government needs to devise a different strategy to attract new foreign investors and retain existing ones.

The aviation giant Boeing inaugurated its new permanent office in Hanoi on May 12.