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 Joint Stock Commercial Bank for Foreign Trade of Vietnam, Vietcombank, on October 22 signed a contract with Credit Suisse and the Vietnam International Law Firm (VILAF) for a new equity issue.

A workshop on the Vietnam-Japan Free Trade Agreement (FTA) and Economic Partnership Agreement (EPA) was held in HCM City on October 21.

The State Capital Investment Corporation is set to develop into a regional-scale financial corporation that manages a combined 46 billion USD by 2030.

Representatives from Russia’s Gazprom International group had a working session with leaders of the People’s Committee of the southern province of Dong Nai on October 19 to discuss multifaceted cooperation with the locality.

Bitel telecommunication service provider, the Peru branch of Vietnam’s military-run telecom group Viettel, will invest an additional 250 million USD to increase its subscribers to 2.5 million people.

Fostering cooperation in trade and investment among the Greater Mekong Sub-region (GMS) countries was the focus of discussions at a forum on October 15 in Vientiane, Laos.

The National Power Transmission Corporation under the Electricity of Vietnam (EVN-NPT) held a ceremony to complete the Son La – Lai Chau 500 kV transmission line on October 14, 16 days ahead of schedule.

Efforts to reform administrative procedures and provide greater support for investors helped the northern coastal province of Quang Ninh reap remarkable success in attracting domestic and foreign investment flows.

Thailand-based ONYX Hospitality Group has recently announced its entry into Vietnam with the signing of a deal with HB Group to manage OZO Hoi An, a 364-room beachfront resort in the New Hoi An City.

A forum, co-chaired by the Germany Trade & Invest and the German Chamber of Commerce and Industry in Vietnam, to build business connections between Vietnam and Germany will be held in Hanoi on October 13.

Vietnam has implemented an open contracting initiative as part of a drive to improve transparency in procurement activities, particularly in public investment projects.

Vietnam determinates to bring business climate-related indexes, including those on taxation, customs, social insurance, construction and land and electricity access on par with averages in Singapore, Malaysia, Thailand and the Philippines in 2016, Prime Minister Nguyen Tan Dung affirmed at the Vietnam Global Investment Forum in Hanoi on September 30.

Vietnam is creating a framework to stimulate private investments in the aviation industry, as public-private partnerships for development of this sector has become a trend in the region.

According to the recent report of the Ministry of Planning and Investment, in the first nine months of 2015, the total capital of foreign direct investment (FDI) registered in Vietnam reached 17.15 billion USD, soaring 53.4% against the same period last year.

A ceremony to inaugurate the Vung Ang 1 Thermal Power Plant in Ky Anh district, the central province of Ha Tinh was held on September 17.

Japanese businesses have shown their interest in investing in various fields such as agriculture, health care, education and personnel training during their trip to the Mekong Delta region.

In the framework of the working visit to Japan, Party General Secretary Nguyen Phu Trong attended a Vietnam-Japan investment, trade and labour cooperation forum and the Vietnam Day held in Kanagawa Prefecture on September 18.

Vietnam annually has spent tens of billions of dollars to import materials and components for its industry. Therefore, support industry businesses should be supported by the State to become suppliers for domestic manufacturing firms.

The southern province of Binh Duong has, to date, attracted approximately 22 billion USD in foreign direct investment (FDI) with 2,511 valid projects, revealed the provincial Department of Planning and Investment.

According to the Ministry of Planning and Investment’s Foreign Investment Agency, Vietnam attracted 13.33 billion USD in foreign direct investment (FDI) in the first eight months of this year, increasing by 30.4% compared with same period last year.