Legal bottlenecks still cumbersome, FDI reps tell PM
Administrative procedures continue to be time-consuming and approval processes cumbersome, creating hindrances and slowing down investment projects in Vietnam, foreign business representatives complained Monday.
At a meeting in Hanoi with Prime Minister Pham Minh Chinh, John Rockhold, chairman of AmCham Hanoi, and other foreign business representatives urged that such bottlenecks be removed.
Such troublesome practices undermine Vietnam’s competitiveness, Rockhold said. He suggested that the Vietnamese government clear regulations that hinder effective deployment of foreign-invested projects and reconsider new laws that may place a heavier compliance burden on them.
AmCham members will work with the Administrative Procedures Control Agency under the Government Office later this month to share their experiences and get updated on the government’s latest initiatives regarding administrative reforms, he said.

John Rockhold, chairman of AmCham Vietnam, speaks at a meeting between the Prime Minister and representatives of foreign-invested enterprises in Hanoi, October 16, 2023. Photo courtesy of the government's news portal.
Another concern expressed by the reps was the reliability of power supply and access to renewable energy. They wanted the government to ensure sustainable, reliable and affordable power supply.
AmCham stands ready to work with the Vietnamese government in boosting green growth and dealing with challenges in attracting foreign investment, Rockhold said.
David Whitehead, vice chairman of the Australia-Vietnam Chamber of Commerce (AusCham) and a member of the Vietnam Business Forum, urged the Vietnamese government to improve the approval process, set clear regulations on land use, tax incentives and work permits, and trim unnecessary business conditions.
Those moves will help attract large-scale FDI projects in Vietnam, especially in emerging industries such as semiconductors and chips, he said.
Chief representative of the Japan External Trade Organization (JETRO) in Hanoi, Takeo Nakajima, noted that Vietnam has been Japan’s second largest outbound investment destination for six consecutive years. Vietnam is poised to grow strongly in the years to come despite a dim global 2024 outlook, he said.
Takeo Nakajima suggested that Vietnam focus on developing manufacturing and stimulating innovation. The country should work to improve education, health and finance sectors and remove legal hindrances for investors, he said.
Strengthening connectivity
Ng Boon Teck, a representative of the Singapore Business Group (SBG), spoke about enhancing logistical connectivity between Vietnam and neighboring countries.

Ng Boon Teck, a representative of Singapore Business Group (SBG). Photo courtesy of the government's news portal.
Citing the “super port” in the northern province of Vinh Phuc as an example, he noted the immense advantages it enjoyed, given its proximity to and links with the capital city of Hanoi, the Noi Bai international airport, Hai Phong seaport, and several provinces bordering China.
SBG wants to turn the “super port” in Vinh Phuc into a transshipment hub with the aim of reducing transportation costs, Teck said.
He also informed the PM that the group has signed a memorandum of understanding with Vinh Phuc authorities in August on training personnel and experts.
Singaporean companies can offer cutting-edge technologies and knowhow to beef up the logistics industry in Vietnam, Teck noted.
He recommended that the Vietnamese government act to boost trade flows and cooperation with neighboring countries; enhance connectivity among northern border provinces, and between China and ASEAN; and facilitate customs clearance with improved one-stop windows.
Sustainable development focus welcomed
Several foreign-invested businesses like DEEP C, Swire, SBG and Nike stressed the need for sustainable development and welcomed some of the government’s initiatives in this regard.
Vu Huong Giang, director of government and public affairs for Vietnam, Thailand and Cambodia at Nike, Inc., called on Vietnam to consider sustainable development a top priority. She welcomed the government’s move to allow direct purchase of renewable power between producers and buyers.
In addition, the Vietnamese government should invest more in technology and knowhow to catch up with continuous advances in the world, she said.

Vu Huong Giang, director of government and public affairs for Vietnam, Thailand and Cambodia at Nike, Inc. Photo courtesy of the government's news portal.
Josh Williams, chief representative of John Swire & Sons in Vietnam, which acquired Coca-Cola operations in Vietnam earlier this year, hailed the government’s commitment to net-zero emissions by 2050. His company would contribute to the goal with reusable bottling products and other measures, he said.
Lucy Christie, senior director of Owner Relations & Government Affairs at Marriott International, expressed confidence in Vietnam’s economic growth and enabling policies.
Marriott International was committed to helping Vietnam achieve its net-zero emissions goal, she added.
- Read More
Savills expert points out three drivers of FDI attraction in Vietnamese real estate
Vietnam’s real estate market is on the cusp of a boom in H2, fueled by sweeping legal reforms, proactive economic diplomacy, and a pivot toward emerging segments and flexible partnership models, said head of investment consulting at Savills Hanoi Nguyen Le Dung.
Companies - Wed, June 18, 2025 | 10:48 pm GMT+7
Petrovietnam, Petrolimex, Vingroup named Vietnam's biggest firms in Fortune ranking
Petrovietnam, Petrolimex, Vingroup, BIDV bank, and Agribank are among the 50 biggest companies in Southeast Asia, according to the Fortune Southeast Asia 500 Ranking 2025.
Economy - Wed, June 18, 2025 | 9:47 pm GMT+7
Korea Land and Housing Corporation eyes urban area project in northern Vietnam
Bac Ninh province's authorities on Wednesday met with Korea Land and Housing Corporation (LH) to discuss an urban area project in the southeastern part of Bac Ninh town, capital of the northern province.
Companies - Wed, June 18, 2025 | 8:58 pm GMT+7
Germany's GEO Group to develop $50 mln renewable energy workforce training center in Vietnam
Germany's GEO Group has announced a $50 million investment to establish a renewable energy workforce training and development center in the south-central province of Binh Dinh.
Companies - Wed, June 18, 2025 | 8:39 pm GMT+7
H&M, Nordic businesses seek suppliers in Vietnam
Swedish multinational fast fashion retailer H&M and other Nordic businesses will send a delegation to the Vietnam International Sourcing 2025, slated for early September in Ho Chi Minh City, to seek business partnerships.
Companies - Wed, June 18, 2025 | 8:20 pm GMT+7
MSB receives The Asian Banker award for core banking technology
Vietnam Maritime Commercial Joint Stock Bank (MSB) has received the Best Core Banking Technology Initiative in Asia-Pacific award for mid-sized banks from The Asian Banker magazine.
Companies - Wed, June 18, 2025 | 8:02 pm GMT+7
VEIL boosts real estate holdings to 22% on Vietnam market confidence
Vietnam Enterprise Investments Limited (VEIL), the largest foreign-managed equity fund in Vietnam, has raised its allocation to real estate stocks to 22% of its portfolio, equivalent to $368 million, as of May, according to a recent disclosure.
Real Estate - Wed, June 18, 2025 | 3:56 pm GMT+7
Iran-Israel conflict to drive up fertilizer prices: Petrovietnam Ca Mau Fertilizer exec
The CEO of Petrovietnam Ca Mau Fertilizer JSC (PVCFC) has revealed that the orders the company received have surpassed its production capacity, signaling continued positive performance in the second half of the year and confidence in meeting the full-year targets.
Companies - Wed, June 18, 2025 | 3:05 pm GMT+7
Draft parliament resolution: A breakthrough for Vietnam's international financial center ambition
Tran Thuy Ngoc, deputy general director, financial services industry leader at Deloitte Vietnam, provides an insight into the draft resolution on Vietnam’s International Financial Center (IFC) which is scheduled to be endorsed by the legislature on June 27.
Consulting - Wed, June 18, 2025 | 12:37 pm GMT+7
Vietnam budget carrier Vietjet places new order for 100 A321neo aircraft
Vietjet and aircraft manufacturer Airbus on Tuesday announced a major new order for 100 A321neo aircraft, with the potential to add another 50 in the future.
Companies - Wed, June 18, 2025 | 11:47 am GMT+7
FDI yet to create high added value in Vietnam: legislator
Foreign direct investment (FDI) has not yet created high added value, primarily focusing on assembly and processing, said Nguyen Ngoc Son, a lawmaker from the northern province of Hai Duong.
Economy - Wed, June 18, 2025 | 9:19 am GMT+7
Trungnam Group subsidiary okayed as investor of $148 mln industrial park project in central Vietnam
A subsidiary of Vietnamese private conglomerate Trungnam Group has been approved as the investor of the 378-hectare Ca Na Industrial Park-Phase I project in the south-central province of Ninh Thuan.
Industrial real estate - Wed, June 18, 2025 | 8:00 am GMT+7
Deputy PM requests strong reforms of state-owned enterprises
Deputy Prime Minister Nguyen Chi Dung has asked for bold and strategic reforms to unlock the full potential of state-owned enterprises (SOEs), requesting a clear shift in mindset and approach to governance, investment and development.
Companies - Tue, June 17, 2025 | 11:44 pm GMT+7
Petrovietnam subsidiary PTSC hands over 33 offshore wind power foundations to Danish giant Orsted
The recent handover of 33 foundations manufactured by Petrovietnam Technical Services Corporation (PTSC) to an offshore wind power project of Orsted has been recognized as an outstanding work of state-owned Petrovietnam.
Companies - Tue, June 17, 2025 | 11:35 pm GMT+7
Energy Asia 2025 kicks off in Malaysia
Energy Asia 2025 - a premier thought leadership and business advocacy forum, championing Asia’s pivotal role in the global energy transition - kicked off in Kuala Lumpur, Malaysia, on Monday.
Southeast Asia - Tue, June 17, 2025 | 11:29 pm GMT+7
Indonesia to start operating first ocean power plant in 2028
Indonesia’s Energy and Mineral Resources Ministry has announced that construction of the country's first ocean power plant will begin soon, with operations targeted to start in 2028.
Southeast Asia - Tue, June 17, 2025 | 11:27 pm GMT+7