Great potentials seen in Vietnam automotive industry

The Prime Minister Nguyen Tan Dung agrees with the development plan of Vietnam automotive industry until 2020; Vietnam will produce 227.000 cars and to 2025 will reach appropriately half a million vehicles, accounting for 60%-65% of the domestic market.

In Vietnam and Bulgaria businesses talk, Prime Minister Nguyen Tan Dung wished more Bulgaria investment in Vietnam will be encouraged from businesses in Bulgaria in modern agricultural projects, pharmaceuticals, clean energy, and mechanical engineering.

According to Mr. Marc Cagnard, an Commercial Counselor and Head of the Representative Office of French Trade in Vietnam, there are approximately 15 groups of French enterprises are seeking opportunities to invest in Vietnam market.

Investment in Vietnam has witnessed a rapid growth in recent years with a large amount of capital from transnational corporations, of which many have decided to build basis of mass production and distribution.

According to the final report of Vietnam General Statistics Office published at the end of December 2014, Vietnam economy achieved significant improvements. Many targets were reached, some went beyond the expectations.

Vietnam business environment is attracting many companies and corporations from US to invest in various Vietnam economic sectors. This is a chance for Vietnam to define its potential and advantages and for US companies to expand business as well.

Coffee output of Brazil falls sharply, which will be a great chance for Vietnam coffee to surpass world coffee market. By dint of this, the price of Vietnam coffee will increase significantly, creating benefit for farmers planting coffee in Vietnam.

Acknowledging Southwestern area is a precious land in the world, Japan decides to start is investment in Mekong River Delta agriculture. Both of two countries, Vietnam and Japan paid working visits to seek investment opportunities in two countries.

In Vietnam – Laos Trade Fair 2015 held from 2 – 6 July, Vietnam goods are preffered a large number of businesses in Laos, and Thailand. Major products of Vietnam businesses in this fair are pharmaceuticals, medical devices and industrial machinery.

Vietnam business environment has been improved and become more attractive to European investors. In details, business environment index increased from 66 points to 74 points in the third quarter of this year.