Vietnam: An Attractive Investment Destination
In a recent publication by EIU, the Business Environment Rankings report, Vietnam’s business landscape witnessed the most significant improvement among 82 countries and territories, evaluated based on 91 diverse indicators. This report offers a comprehensive overview of the appeal these regions hold for investors, accounting for over 90% of the global GDP.
Vietnam’s remarkable progress between 2003 and 2023 is attributed to its embrace of free trade policies, reduction in operational costs for foreign businesses, and substantial investments in human capital and infrastructure. These strategic moves have earned the country a notable 1.3 points in the report’s assessment, outperforming all other regions studied.
Additionally, Vietnam has strategically benefited from the “China plus one” policy, aimed at diversifying global supply chains. The country’s enhanced international relations have also strengthened economic ties with significant export markets, including the US and EU.
Vietnam’s Promising Future
Looking ahead, Vietnam is projected to surpass regional peers such as Indonesia and Thailand in the next five years. This optimistic forecast is underpinned by the country’s active participation in multiple free trade agreements (FTAs), competitive labor costs, and vast market opportunities.
However, the report also highlights ongoing challenges, including complex administrative processes and the burden of red tape. Additionally, Vietnam is identified as one of the regions most vulnerable to climate change, with its lengthy coastline and low-lying population centers rendering it susceptible to the increasing frequency of extreme heat events and disruptive storms.
Accelerating Vietnam’s Infrastructure Dream: 600km of Expressways in the Mekong Delta by 2025
On October 16th, Prime Minister Pham Minh Chinh chaired a conference in Can Tho to address challenges and promote the development of transport infrastructure in the Mekong Delta region.
Exploring the Ban Gioc – Detian Falls Today: A Guide to Experiencing This Majestic Landscape
As of today, October 15th, the symbol of cooperation between Vietnam and China is officially in motion.
The Unassuming Province Transformed: A New 500-Square-Kilometer City for the Rising Star Tourism Destination
The city is strategically located in the economic development zone of the central coastal provinces, boasting a well-developed transportation system. With its proximity to sea ports, airports, and neighboring economic zones, it serves as a thriving hub for business and trade.
The Southeast Asian Tiger: Unlocking Opportunities in Vietnam’s Dynamic Economy
A Southeast Asian tiger, Vietnam has proven its economic prowess, attracting over $7 billion in investments during the first nine months. Now, this dynamic nation sets its sights on collaboration with Ba Ria-Vung Tau, unlocking new avenues for growth.
Recently, Mr. Pham Viet Thanh, Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Council of Ba Ria – Vung Tau, had a meeting with Mr. Pang Te Cheng, Consul General of Singapore in Ho Chi Minh City.
“Proposed Approval of the Lao Cai – Quang Ninh Railway: A Project Valued at Over VND 179,000 Billion”
The Vietnam Railway Authority has proposed to the Ministry of Transport a comprehensive review and approval of the Lao Cai – Hanoi – Hai Phong – Quang Ninh railway line, with a total estimated investment of over VND 179,000 billion.
