After more than three decades of reforms, Vietnam stands at a turning point as it shifts from a labor-intensive economy toward becoming a high-tech hub.
“As the country enters a new phase of development, enterprises must become a pioneering force, stronger, more resilient, and more innovative. To achieve this, the prerequisite is that resources, from institutions and policies to capital, markets, and the business environment, must be unlocked in a coordinated and practical way.”
Vietnamese and South Korean businesses have signed 73 Memoranda of Understanding spanning a wide range of sectors, including energy, finance, technology, electronics, telecommunications, processing and manufacturing, mechanical engineering, construction, infrastructure, trade, tourism and aviation.
Amid intensifying competition to attract global investment flows, the Government’s issuance of Resolution 86/NQ-CP on the national strategy for innovation-driven startups is seen as a key move.
After more than three decades of reforms, Vietnam stands at a turning point as it shifts from a labor-intensive economy toward becoming a high-tech hub.
No longer pursuing quantity, industrial zones in Bac Ninh are shifting toward selective investment attraction, prioritizing high-tech and environmentally friendly projects.
Amid the ongoing restructuring of global supply chains, Vietnam has continued to affirm its position as a strategic destination for industrial and manufacturing investment.
Tourism cooperation between Vietnam and Thailand is shifting from volume-driven growth to a deeper approach, as visitor flows fluctuate and the need to increase value-added becomes clearer.
Linkages between foreign direct investment (FDI) enterprises and domestic companies in industrial zones are considered a key factor in increasing localization rates and adding value to supply chains
Vietnamese
