Vietnamese leading investors like Vingroup, TH Group, FPT, and Vinamilk have affirmed their intention to continue expanding their investments abroad in the coming time, given their effective business activities in the host countries.
The Association of Vietnamese Enterprises in Indonesia, with the Vietnamese Embassy to Indonesia, organised a business forum in Jakarta on Thursday to discuss opportunities for doing business.
From January to May, Vietnamese enterprises made outbound investments in 16 sectors, mostly focusing on mining, accounting for 43.1 per cent of the total capital, followed by manufacturing and processing industry (23.9 per cent) and trading and retail (8.3 per cent).
Besides the compliance pressure, the requirement about sustainable development was pushing enterprises to increase competitiveness to have the opportunity to participate in the global supply chains.
The impacts of COVID-19 and the complexity of the global situation have boosted Vietnamese enterprises in many industries, and they will continue to pursue digital transformation in 2022.
The survey of enterprises’ awareness of the EVFTA was conducted by the Centre for WTO and International Trade under the Vietnam Chamber of Commerce and Industry (VCCI).
Enterprises should plan their response to risks, uncertainties and crises to develop sustainably and enhance their immunity against crises, and also strengthen the economy’s resilience, he added.
After a tumultuous and challenging year for the global economy, the negative impacts of the COVID-19 pandemic caused many businesses to leave the market.
The management level of large enterprises in Viet Nam is still very low, compared with countries such as Singapore, Philippines, Malaysia, Indonesia, Thailand, according to VCCI.