Whether choosing a shortcut by acquiring Vietnamese enterprises with a stable market share, or choosing a longer path by registering new investments, foreign enterprises have been striving to assert their presence in the Vietnamese market. The remaining matter is that the country needs to speed up the progress of strengthening policies, infrastructure, and facilities to welcome the wave of investments sustainably.
The Ministry of Industry and Trade has recently cooperated with relevant departments to organize an event to promote export and connect market for domestic and foreign enterprises, attracting 850 enterprises from 20 countries and territories.
The Ministry of Industry and Trade said that from August 7 to 10 this year, more than 550 food and beverage manufacturing enterprises and 400 medical and pharmaceutical ones from 35 countries will participate in exhibitions to explore investment opportunities in Vietnam.
Since the beginning of this year, total foreign capital pumped into Vietnamese market has nearly reached US$15 billion, an increase of 81 percent over the same period last year, with the highest investment from China followed by South Korea and Singapore.
More than 200 Thai enterprises have come to Vietnam to study solutions to expand market share here at the Top Thai Brands 2019 exhibition held by the Department of International Trade Promotion in association with the Ministry of Industry and Trade in Ho Chi Minh City.
The Ministry of Industry and Trade yesterday hosted a trade promotion conference with the attendance of nearly 800 foreign businesses, who have come to learn about consumption demand as well as investment opportunities in Vietnam.
Global online travel agencies (OTAs) such as Agoda.com, booking.com, Traveloka.com, Expedia.com are monopolizing the Vietnamese market, holding 80 percent market share, according to Vietnam E-Commerce Association (VECOM).