Businesses of Vietnam and the Republic of Korea have inked a cooperation deal to invest in manufacturing semiconductor chips and mechanical precision components for the electronics industry.

While foreign direct investment (FDI) has fallen from its 2017 peak partly due to tighter global monetary conditions, Vietnam remains an outperformer in ASEAN in attracting FDI, second only to Malaysia, according to HSBC’s report “Vietnam at a glance”.

A seminar connecting Vietnam and the West Midlands region of the UK took place in the UK city of Birmingham on October 10.

Many wood businesses have received orders for the remaining months of this year after the protracted logjam, sending rosy signs to the domestic timber industry.

Vietnamese businesses have taken advantage of some countries’ stoppage in the supply of agricultural products to export agricultural products to enter billion-dollar markets.

There remains great potential to build stronger ties between Vietnamese and German businesses, especially in the field of renewable energy and vocational training, heard an economic and trade promotion conference held in Berlin on October 5.

Despite global uncertainties, Vietnam remains attractive to foreign investors, drawing 20.21 billion USD by the end of September, up 7.7% year on year.

In light of the UKVFTA which took effect in early 2021, Việt Nam had significant opportunities to enhance cooperation with the UK and unlock billions of dollars of finance in the country’s green transition process and unlock billions of dollars of finance.

Vietnam has enjoyed an increase in exports via e-commerce in recent years, with many micro-, small- and medium-sized enterprises (MSMEs) are in a prime position to reap significant benefits from the rapid growth of the e-commerce sector.

The European Chamber of Commerce Vietnam (EuroCham) announced on October 9 its Business Confidence Index (BCI) for the third quarter of 2023, showing that the BCI has regained its upward trajectory in the period, which offers a glimmer of hope for the Vietnamese business environment after a turbulent year.