FDI Performance of Vietnam: Insights from May 2023

FDI continues to play a pivotal role in driving Vietnam's economic growth in 2023, reaffirming its significance as a key pillar of development. While the first quarter witnessed sluggish growth in FDI capital, the month of May brought promising improvements. As the global economy grapples with downturns and geopolitical tensions, the Vietnamese government remains committed […]

In recent years, the government has consistently extended preferential policies to incentivize investments in the industrial zones, establishing them as an optimal launchpad for both domestic and foreign investors eager to expand their ventures in Vietnam. However, selecting the most suitable industrial zone for investment remains a multifaceted endeavor. Investors must not only weigh the […]

In response to the outbreak of the Covid-19 pandemic, the Vietnamese government acted swiftly to implement a range of favorable measures, such as tax reductions and extensions to support businesses impacted by the crisis and stimulate the recovery of the domestic economy. As Vietnam moves into the mid-year of 2023, the government has already approved […]

Foreign Direct Investment (FDI) has long been a driving force behind Vietnam's economic growth. Vietnam, as one of Southeast Asia's fastest-growing economies, continues to attract significant FDI inflows, with the first quarter of 2023 showing promising trends. This article will examine the most recent FDI data, discuss the opportunities and challenges that foreign investors face […]

Activities of businesses in Vietnam in the first half of 2022 brought an optimistic outlook to the economy of the whole country due to the strong post-pandemic recovery. However, the situation has slightly changed in the second half of the year in which new difficulties have emerged and the business results of the fourth quarter […]

Vietnam's economy has experienced one of the region's quickest growth rates since its introduction of market-oriented economic reforms in 1986. The country has advanced, becoming the region's top investment destination after more than 30 years of global integration and prosperity. Various investment fields expanding in magnitude, paired with diversified business types, are all explicit indicators […]

The EU-Vietnam Free Trade Agreement (EVFTA) is a new-generation FTA between Vietnam and the 27 EU member states. The EVFTA officially took effect on August 1, 2020, opening up many great opportunities and prospects for both sides. The outstanding features of the new-generation FTA - EVFTA Similar to the previous FTAs, the EVFTA aims to […]

The land is a natural resource, a type of property - a unique commodity generated by nature, a means of production, and a valuable capital of the nation and the land user. In fact, land resources have benefited the state, users, enterprises, and society as a whole. Thus, the auction of land use rights is […]

Recently, the Prime Minister has announced Decision 667/QD-TTg on authorizing the Foreign Investment Cooperation Strategy (FICS) for the period 2021-2030. The plan is considered to have created several new opportunities for foreign investors. Current FDI inflows into Vietnam According to the assessment of the IMF, Vietnam is an economy that has and will have positive […]

In the beginning of 2023, the Vietnamese government approved and issued several new policies and legal documents. Thus, on doing business in Vietnam, investors are advised to bear in mind and update released regulations on a regular basis. In this article, Viettonkin will provide up-to-date legislations that are in effect soon, along with giving some […]