How to accelerate economic reforms to facilitate business operations was a major theme of the Vietnam Business Forum that opened in Hanoi on June 3. Deputy Prime Minister Vu Van Ninh attended the event.

Not only Japanese firms operating in China but those in Thailand are also eyeing Vietnam as a favorite destination for business, said Hirotaka Yasuzumi, managing director of  the Japan External Trade Organization (JETRO) in HCMC.

Vietnam Asset Management Company (VAMC) is expected to solve between VND40,000 (USD1.9 billion) and VND70,000 trillion (USD3.33 billion) in bad debts this year, said the State Bank of Vietnam Governor Nguyen Van Binh.  

The Bank of Tokyo’s investment in Vietinbank was the biggest merger and acquisition (M&A) deal in 2012. Foreign groups now keep pouring money into the insurance and building material enterprises.

South Koreans have been flocking to Vietnam to invest in the real estate, retail, logistics, consumer goods and electronics projects, the business fields that they have great advantages

The nation's gross domestic product (GDP) is forecast to grow by 4.8 per cent during the second quarter of the year, lower than the previous quarter.

Viet Nam ranked ninth on the World Bank's list of the 10 countries that attracted the most overseas remittances, with US$10 billion in 2012.

Vietnam’s total economic output increased 4.89% in the first three months of 2013, according to the Ministry of Planning and Investment (MPI).

Vietnam has over the past 25 years attracted nearly $211 billion from foreign investors for 14,500 projects, the Ministry of Planning and Investment (MPI) reported at a conference reviewing 25 years of FDI attraction in Hanoi on March 27.

Foreign direct investment inflows during the past 25 years have played an integral part in Vietnam’s journey into the global economy.