Due to the COVID-19 pandemic, some businesses have to look for buyers, creating concern that local businesses could be taken over by foreigners. Viet Nam News spoke with economist Nguyen Mai, Chairman of the Association of Foreign Investment Enterprises, about the issue.
A recent survey conducted by the General Statistics Office showed 57.7 per cent of enterprises affected by the pandemic said their consumption market has decreased sharply.
The mega infrastructure project North-South Expressway has started inviting domestic enterprises to apply for bidding, a month after the Ministry of Transport ruled foreign companies ineligible to participate in the project.
New strategies to attract foreign direct investment (FDI) must strengthen linkages with domestic enterprises as a lacuna that cannot be ignored anymore, experts say.
Domestic enterprises with plans to invest in four key industrial sectors and two traditional fields will be offered low-interest loans worth up to VND200 billion (US$8.8 million) for each project.
The country generated more than US$67.7 billion from exports in the
first five months of this year, surging 6.6 per cent against the same
period last year, according to the General Statistics Office (GSO).
Le Ngoc Huong of HCM City''s Tan Binh District has decided not to pull
out her deposit of VND1 billion from a bank though the interest rate has
fallen from 5.6 per cent to 5.1 per cent.
Domestic enterprises should join forces to apply trade defence
measures, according to Dinh Thi My Loan, chairwoman of the Advisory
Council on International Trade Remedies under the Viet Nam Chamber of
Commerce and Industry.