Despite occupying a small proportion of the Vietnamese property market, the luxury residential segment is becoming more attractive to domestic and international buyers.
While investors tend to withdraw capital from emerging markets and frontier markets, Viet Nam is still the destination of foreign investors with foreign indirect investment (FII) in the first half of 2019 reaching US$1.28 billion.
The Ha Noi Department of Industry and Trade expects foreign direct investment (FDI) firms will team up to develop key industrial products to benefit socio-economic development.
Sectors which have seen high growth in the past few years such as wooden furniture, garments and textiles, seafood and steel are being placed under special supervision by the Ministry of Industry and Trade (MoIT) to avoid having high tariffs and trade sanctions imposed by other nations.
Lopsided development of its various segments and dependence on imports have weakened the textile industry’s competitiveness and creativeness, experts said.
Vietnamese enterprises must develop globally competitive brands if they want to succeed internationally, speakers said at a conference on domestic trademarks held in HCM City on Saturday.
Experts have outlined a number of different consumer price index (CPI) scenarios for this year, which are all below 4 per cent as requested by the National Assembly.
Arbitrators need to step-in and deal with disputes in public-private-partnership (PPP) projects so economic development will not be disrupted, experts have warned.
Big C Vietnam has suspended local purchase of garments but insists it is only a temporary measure and will not pull out of the local apparel business.
The paper industry has potential for growth, but businesses need to avoid investment in products that have excess supply, according to the Viet Nam Paper and Pulp Association (VPPA).