A new wave of foreign direct investment driven by global events such as the US-China trade war and the COVID-19 pandemic is imminent in Viet Nam, and it will have a much bigger impact on the economy than previous FDI...
The Ministry of Industry and Trade urged firms to strictly comply with rules of origin to avoid negative impacts on exports amid escalating trade defence measures.
Viet Nam’s fisheries exports are unlikely to meet the US$10 billion target set by the Government for this year because of the multiple challenges like the US-China trade war, lack of demand and increasing competition.
In 2018, foreign direct investment (FDI) into Viet Nam rose by 9.1 per cent year over year to hit US$19.1 billion, marking this dynamic country’s sixth record year for FDI in a row.
With solid growth in shipments, the plastics industry will surely meet its full-year export target of US$3.2 billion, according to the Viet Nam Plastics Association.
The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.
Many Vietnamese enterprises are keeping a close eye on the escalating US-China trade war and have said the challenges from it outnumber the opportunities for them.