The report highlighted that Vietnam's draw as a foreign direct investment (FDI) destination remains strong among European business leaders, with 3% more European business stakeholders citing it as one of their top three investment hotspots worldwide.

A corner of HCM City.

The BCI, which quantifies the business sentiment of the European business and investment community in Vietnam, held steady at 48 in the first quarter of 2023. Though it remains at the same level it registered as 2022 drew to a close, there are promising indications that European business stakeholders are witnessing a positive shift in their economic outlook.

Encouragingly, the business environment outlook for 2023 is displaying promising signs of betterment. Specifically, the number of respondents who are sanguine about the nation's economy has risen by 8 points, signaling a growing faith in its prospects, it said.

According to the survey, the number of individuals expecting a downturn in the economy decreased by 6%, while that of those forecasting an upturn in revenue and orders increased by 7%.

The survey results also indicate that the European business and investment community is broadly content with the level of attention policymakers have given to business needs in Vietnam, with a third of respondents expressing significant or moderate satisfaction. This positive feedback is a testament to the government's ongoing commitment to fostering a business-friendly environment in the country.

However, foreign businesses in Vietnam continue to grapple with regulatory opacity, administrative inefficiencies, and visa and work permit issues.

Bac Giang to accelerate disbursement of public investment for urgent projects

(BGO)- Disbursement of public investment is defined a key political task in 2023 to boost socio-economic development of Bac Giang province. Thus, the province has directed its localities and investors to highly concentrate on removing obstacles and allocating appropriate budget for rapid disbursement and efficiency.

Vietnam calls for more investment from LG

Deputy Prime Minister Tran Luu Quang hosted a reception for Kim Myoung-kyu, Vice President of LG Display Co Ltd, a subsidiary of LG Group of the Republic of Korea (RoK), on March 31 in Hanoi.

Vietnam’s total social investment up 3.7% in first quarter

The total social investment capital during the January-March period reached 583.1 trillion VND (24.8 billion USD), up 3.7% over the same period last year, according to the General Statistics Office (GSO).

Attracting Japanese investment into new fields

Vietnam ranks second in the list of foreign destinations that Japanese businesses wish to invest in. Digital transformation and green growth are issues suggested for inclusion in the Vietnam-Japan Joint Initiative in the future.

Vietnam, US nourish economic, trade, investment ties

Head of the Party Central Committee’s Economic Commission Tran Tuan Anh has affirmed the Vietnamese Party and State’s consistent policy of always considering the US one of the top important partners.

Source: VNA