Many foreign funds are evaluating Vietnam as an attractive investment destination in the Asia-Pacific region thanks to its improved investment climate, accelerated digital transformation, and a young, skilled workforce.

The Global Minimum Corporate Tax was mentioned and started affecting the investment environment worldwide ten years ago, but it has been brought up a lot in Vietnam recently.

Parkson Vietnam has filed for voluntary bankruptcy proceedings to the HCMC People’s Court on April 28 after years of losses in the Vietnamese market.

Ho Chi Minh City has attracted 979.65 million USD of foreign direct investment (FDI) so far this year, down 23.45% year on year, according to the municipal People’s Committee.

Foreign investors are continuing their grumbles over a raft of issues that need solving in Vietnam.

So far this year, foreign direct investment (FDI) channeled into Vietnam neared 8.9 billion USD, with new capital surging after a slight decrease in the first three months.

While the real estate market remains quiet, the industrial real estate market segment has seen large-scale transactions (10 hectares or more), especially in northern provinces.

Three firms from the Republic of Korea (RoK), Germany, and Japan are planning to inject US$3.7 billion into investment projects in Vietnam, revealed Investment Minister Nguyen Chi Dung.

All problems can be solved with trust, sharing, listening, understanding and companionship, stated PM Pham Minh Chinh on April 22 while a meeting with foreign investors to listen to their opinions and seek measures to remove difficulties facing them.

Local authorities at all levels are eager to implement construction of transport infrastructure up and down the country.

Foreign direct investment (FDI) businesses have shown interest in hi-tech agriculture, tourism, renewable energy, and smart city projects, heard a recent talk show on investor networking.

No longer hot on the stock market, yet banking sector remains one of the priorities of foreign investors, with foreign ownership rate in many banks reaching the cap of 30% as regulated.

Precisely 36% of European firms ranked Vietnam either first, within their top three, or among their top five investment destinations on a global scale, according to the latest Business Climate Index (BCI) report.

Investors hold an optimistic view of the country’s start-up eco-system, according to the 2023 Vietnam Innovation and Tech Investment Report.

Wealthy foreign investors in energy are expanding their long-term strategies in Vietnam while many ongoing projects that missed the feed-in tariff deadline are struggling to find a revenue balance.

Businesses in Vietnam want preparations to be intensified for the upcoming introduction of a global minimum corporate tax rate.

Foreign investors’ continuous investment in Vietnam has shown their optimistic about the country’s economic outlook, despite the difficult situation of the global banking sector.

Deputy Prime Minister Tran Luu Quang has freshly signed a decision to approve an action plan for implementing the 2021-2030 national foreign investment cooperation strategy.

Although the number of new FDI projects approved in the first quarter this year grew over the same period in 2022, their capital pledges edged down.

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.