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Many areas, including infrastructure construction and renewable energy production, are assessed to be the potential for US businesses to invest in Vietnam.
The Regional Comprehensive Economic Partnership (RCEP) was one of Vietnam’s major achievements when the country was serving as the Chair of ASEAN in 2020.
In the first 8 months of the year, Ba Ria - Vung Tau has 39 newly licensed investment projects with a total capital of more than 945 million USD.
According to forecasts from Savills, the industrial real estate market in 2021 will welcome 6 more projects with a total land area of more than 3,700 hectares. Most of the projects are located in the North, but large supply comes from the South.
The information from Ba Ria Vung Tau Industrial Zones Authority stated that from the beginning of this year until now, although the COVID-19 epidemic course is complicated, the number of investment projects in industrial parks is increasing over the proposed plan. According to the plan, provinces sets a target of attracting 30 investment project in 2021; however, 8 months in 2021 even has 39 investment project are recently issue licenses of which 11 FDI projects and 28 domestic project.