The article said the leaders of the Communist Party of Vietnam (CPV) earmarking US$119 billion for infrastructure and committing to increasing the private sector’s contribution to the gross domestic product from 42% to 55% by 2025 have attracted foreign investors and resulted in upbeat signals in the financial market.

Foreign investors speak highly of Vietnam's property potential.

It cited an example of the VanEck Vectors Vietnam exchange-traded fund, saying it is up 9% since the Congress wrapped on February 2. In addition, Dragon’s United Kingdom–listed Vietnam Enterprise Investments fund has gained 17% this year.

Pouring cash into improvements should enable the government to achieve its 6.5% to 7% annual growth targets while boosting profits for appropriately positioned companies, said Bill Stoops, chief investment officer at Dragon Capital in Ho Chi Minh City, as quoted by the article.

On the country’s property potential, Nick Niziolek, head of global strategies at Calamos Investments, was quoted as saying that “New household formation in Vietnam is running at 80,000 to 90,000 a year, and supply at 60,000 to 70,000.” “That’s an exciting long-term opportunity,” he added.

Regarding commercial and digital infrastructure, it quoted Sean Fieler, chief investment officer at Equinox Partners as saying that “Vietnamese engineers cost less than in India, and thousands of them are learning Japanese.” According to him, FPT Vietnam, a diversified IT provider with a burgeoning outsourcing business in Japan, saw its shares jumping by a third this year and can run further.

With all the country’s positives, US investors might have reason to edge back into Vietnam anyway, the article concluded.

Developing ecotourism infrastructure in Tram Tau

As a highland district of Yen Bai province, Tram Tau is endowed with terraced fields and natural hot mineral sources. Currently, tourists can combine sightseeing, eco-tourism and relaxation when coming to Yen Bai province.

Bac Giang ensures progress of industrial cluster infrastructure construction

(BGO) – The Chairman of the Bac Giang provincial People's Committee has just issued a plan on investment in building infrastructure of industrial clusters (ICs) invested by enterprises in the province.

Bac Giang invests in infrastructure, enhances officers’s capability to gradually realize Electronic Government

(BGO) – The Steering Committee for building Electronic Government (E-government) in Bac Giang province (Steering Committee) on March 31 held a meeting to review the result of the instruction and implementation of the tasks in the first quarter as well as the solution and orientation for the second quarter. Mai Son, Member of the provincial Party Committee (PPC), Permanent Vice Chairman of the provincial People’s Committee,Vice Head of the Steering Committee chaired the event.  

Bac Giang builds IT infrastructure for digital transformation

(BGO) - Bac Giang province will focus on developing information technology (IT) infrastructure serving digital transformation and smart urban development, contributing to its rapid and sustainable socio-economic development, according to Vice Chairman of the provincial People's Committee Mai Son.

"Business Cafe" programme sees many proposals on land, infrastructure development

(BGO) - The provincial People's Committee and the provincial Business Association jointly held the "Business Cafe" programme in March at the Dai Hoang Son OPERA Company Limited in Bac Giang city on March 20.

Source: NDO/VNA