Vietnam is shifting its FDI strategy from numbers to the quality of projects, with a growing focus on high-tech and strategic industries such as electronics and semiconductors. As manufacturers face increasing pressure to cut emissions and meet ESG standards, greener and more integrated industrial parks are becoming key to attracting higher-value manufacturing projects.
Hai Phong is leading the way in putting Vietnam's free trade agreements to work for businesses. Vietnam's growing network of free trade agreements, or FTAs, is opening new opportunities for businesses to expand exports and attract investment. Turning those opportunities into tangible gains, however, depends on effective implementation and support at the local level.
Vietnam is shifting its FDI strategy from numbers to the quality of projects, with a growing focus on high-tech and strategic industries such as electronics and semiconductors. As manufacturers face increasing pressure to cut emissions and meet ESG standards, greener and more integrated industrial parks are becoming key to attracting higher-value manufacturing projects.
Companies are strengthening manufacturing capabilities while expanding internationally in search of long-term growth. How can Vietnamese firms ensure they have the technology, quality and management capabilities to compete in demanding markets and succeed globally?
Canada has announced retaliatory tariffs of up to 50 percent on $27.6 billion worth of U.S. goods, matching Washington's recent measures after trade talks broke down. With around 700 products affected, businesses on both sides are urging both governments to de-escalate tensions.
Japanese government bonds aimed at individual investors are attracting funds at a faster pace than time deposits, as the gap between bond yields and deposit rates continues to widen. Demand is also expected to receive a further boost from new incentives due to be introduced for government bonds later this year.
Vietnam's National Assembly approved adjustments to the investment plan for the Lao Cai - Hanoi - Hai Phong railway on 24 August, with 92% of lawmakers voting in favour. The changes increase the project's total investment by about US$3.3 billion compared with the plan approved last year.