Vietnam’s real estate market continues to show strong appeal to foreign investors despite global economic difficulties.
Vietnam lured US$1.69 billion worth of foreign investment in the first month of 2023, down 19.8 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The food and beverage market is forecast to grow by over 18 per cent this year to VND720 trillion (US$31 billion).
Accor Vietnam and IHG Hotels & Resorts – the world’s leading hotel businesses operating in Vietnam announced that they intend to double the number of international-standard hotels in the Southeast Asian nation in the next five years.
Sum equivalent to 90.32% of target set by Prime Minister.
Vietnam is likely to attract $36-38 billion in foreign direct investment this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The prospect of economic growth and market upgradation is the driving force to attract cash flow into the stock market.
The nation has been listed among the top 10 best places to go for a budget honeymoon in 2023 by prestigious global travel website Lonely Planet.
Investment in developing transport infrastructure a top priority in 2023.
New projects have total capital of $1.2 billion.
From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.
Sharing natural similarities, the two countries have beefed up their sustainable development partnership in sustainable agriculture, water management, and climate change adaptation, said Dutch Ambassador to Vietnam Kees van Baar.
Lianhe Zaobao newspaper in Hong Kong (China) has run an article analyzing Vietnam’s advantages that make the country the third pillar of the “golden triangle of startups” in Southeast Asia, together with Indonesia and Singapore.
The Foreign Investment Agency said essential factors for FDI to continue to prosper in 2023 include economic growth results in 2022 and endless efforts of authorities in improving the business investment environment, creating trust with investors, and effectively exploiting the advantages of free trade agreements.
Vietnam attracted foreign direct investment (FDI) worth $1.69 billion as of January 20 this year, down 19.8% year-on-year, according to the General Statistics Office.
HSBC predicts that Vietnam's tourism, trade and FDI will have rosy prospects this year as China reopens borders.
Among 54 provinces and cities nationwide that foreign investors have invested in 2022, Ho Chi Minh City leads with a total registered investment capital of more than US$3.94 billion.
Vietnam attracted a total of 27.72 billion USD in foreign direct investment (FDI) as of December 20, equal to 89% of the figure of the same period last year, according to the Ministry of Planning and Investment.
Amidst the acceleration of digital transformation in the country and globally, digital solutions are increasingly proving to be a key to success for retailers in Vietnam.
It is anticipated that 2023 will be a challenging year for the world economy, particularly Vietnam. The question is how to counteract the upcoming headwinds.