Vietnam remains attractive to Japanese investors amid COVID-19
Vietnamese ministries and agencies have paid attention to supporting foreign investors, including those from Japan, said Fujimoto Masayoshi, Chairman of the Japan-Vietnam Economic Committee.
Hanoi (VNA) – Vietnamese ministries andagencies have paid attention to supporting foreign investors, including thosefrom Japan, said Fujimoto Masayoshi, Chairman of the Japan-Vietnam EconomicCommittee.
Vietnam has helped foreign investors removedifficulties during the implementation of projects, Fujimoto cited by Cong Thuong (Industry&Trade) newspaper as saying.
In the first nine months of this year, Japan poured3.3 billion USD into Vietnam, accounting for 14.7 percent of the total FDIregistered in the Southeast Asian nation.
Notably, apart from 131 projects, Japanese firmsadjusted capital for 91 projects and contributed capital and purchased sharesof 155 projects in Vietnam.
A number of projects that have investment capitalworth billions of US dollars include the 1.31 billion USD O Mon II ThermalPower Plant project in the Mekong Delta city of Can Tho, and the 611.4 million USDKraft Vina Paper Factory project in the northern province of Vinh Phuc.
Fujimoto recommended thatVietnam continue to improve its business climate, develop infrastructure, andoffer more incentives to further facilitate business and production activitiesof foreign investors.
The Governments of Vietnam and Japan have recentlylaunched the Vietnam-Japan Joint Initiative, Phase VIII, with a primary focuson improving the investment climate and speeding up infrastructure investmentin the form of public-private partnership (PPP). Phase VIII will also helpreform State-owned enterprises (SOEs), accelerate the supporting industries,and resolve land-related issues.
In addition, Phase VIII will address a number ofmacro-economic issues, along with feasible policy recommendations aimed atimproving the local investment environment, attracting more Japaneseinvestments in Vietnam./.
Vietnam and Japan signed a Memorandum of Understanding (MoU) on Joint Credit Mechanism - JCM at a ceremony held in both virtual and in-person forms on October 14.
The eighth phase of the Vietnam-Japan Joint Initiative has been officially launched, focusing on 11 groups of issues, according to the Ministry of Planning and Investment.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: congthuong.vn) 
