The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.

By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.

Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.

The Republic of Korea led the top largest foreign investors in Vietnam in the first 11 months of this year with 5.29 billion USD (making up 29.2% of the total), followed by Singapore with 2.05 billion USD (11.3%) and Japan with 1.95 billion USD (10.8%).

In the eleven months of this year, Hanoi’s exports reached 9.7 billion USD, up 1.2% over the same period last year, according to the report of Hanoi Statistics Office.

President Tran Dai Quang stated at the Vietnam-Italy Business Forum in Rome on November 23 that Vietnam encourages Italian firms to invest in various fields and warmly welcomes Italian enterprises and pins high hope on their success in the country.

The US remained the biggest market with over 3.26 billion USD spent on Vietnamese goods in October, raising exports in the first ten months of this year to the country to 31.55 billon USD, according to the General Department of Vietnam Customs.

Addressing the investment promotion conference in Hoa Binh province held on November 19, Prime Minister Nguyen Xuan Phuc called on investors to explore opportunities in the locality, particularly in the tourism sector.

Japanese businesses are stepping up investments in trade and services in southern Vietnam, said head of the Japan External Trade Organisation (JETRO) in Ho Chi Minh City Takimoto Kogji.

US beverage company Starbucks Vietnam recently announced that it will open two stores this month, bringing its total in the country to 23.

Hanoi city drew 445 foreign invested projects with total registered capital of 2.8 billion USD in the first ten months of 2016, increasing by 2.6 times against the same period of 2015, Deputy Director of the municipal Department of Planning and Investment Tran Ngoc Nam said at a meeting on November 15.

US Ambassador to Vietnam Ted Osius affirmed the aim to turning the US into the largest investors in Vietnam in his tenure, during a meeting in Hanoi on November 16 with Deputy Prime Minister Vuong Dinh Hue.

With its high economic growth rate and a population of over 90 million, 60 percent of whom are young consumers, Vietnam has become an increasingly attractive destination for many international franchising and retail businesses.

Vietnam is likely to see increasing investment from Singapore, Malaysia, Thailand and other neigbouring countries in the next five years, according to a survey conducted by United Overseas Bank Limited (UOB).

According to the resolution on State budget allocation for 2017, adopted by deputies during the ongoing second session of the 14th National Assembly on November 14, the total State budget revenue is estimated at 729.73 trillion VND (33.1 billion USD).

TechFest Vietnam 2016, a startup festival, that closed in Hanoi on November 13 draw nearly 170 investors and over 3,000 visitors, according to the organising board.

Under the National Assembly’s newly-adopted resolution on State budget estimate, about 50 trillion VND (2.25 billion USD) worth of government bonds will be used for key works and projects in the medium-term public investment plan in 2017.

According to the resolution on financial plan for 2016-2020 approved by legislators at the ongoing second meeting of the 14th National Assembly on November 9, the combined development spending in the period will be no more than 2 quadrillion VND.

The attraction of foreign direct investment (FDI) is predicted to have a brighter outlook in the last months, as Vietnam is expected to license two power projects worth billions of US dollars, according to Dang Xuan Quang, deputy director of Foreign Investment Agency under the Ministry of Planning and Investment.

A delegation of the Kansai Association of Corporate Executives led by Akihiro Kuroda, Chairman of the Kokuyo Corporation, visited the northern Ha Nam province on November 8 to learn about investment environment in the province.

During the meeting in Hanoi on November 7, leaders of the Ho Chi Minh Communist Youth Union (HCMCYU) and the Communist Youth League of China (CYLC) agreed to encourage young entrepreneurs to share experience and seek investment opportunities in each other’s countries.

On the sidelines of World Economic Forum on Mekong (WEF-Mekong) that was organised in Hanoi on October 25, Vice Chairman of Hanoi People`s Committee Nguyen Toan Doan met with business representatives who are participating in the forum.

At the talks with Prime Minister (PM) Nguyen Xuan Phuc in Hanoi on October 25, Lao PM Thongloun Sisoulith said that his Government has agreed with Vietnam`s proposal on building Vientiane-Hanoi highway.