VIETNAM NEWS HIGHLIGHTS - AUGUST 2021


The Vietnamese Government is showing its drastic actions to implement its vaccine diplomacy policy for containing the Covid-19 pandemic to soon return to new normal life and recover the manufacturing nationwide.

1. Vietnam Business Operations and the Coronavirus: Updates

Vietnam Briefing

This article will be updated as further developments in Vietnam become available.

2. Switzerland announces US$80 million aid for Vietnam in improving business environment

Hanoi Times

Vietnam and Switzerland agree on further cooperation in economic development in association with environmental protection and addressing social issues.

3. Kamala Harris lands in Vietnam

Vietnam Insider

U.S. Vice President Kamala Harris landed in Vietnam on Tuesday, after three hours delayed following an unexplained health incident.

4. New US Embassy worths $1.2bn to be built in Hanoi

Vietnam Insider

Chargé d' Affaires of the U.S. Embassy in Vietnam Christopher Klein and Bui Duy Cuong, director of the Hanoi Department of Natural Resources and Environment, signed the agreement at a ceremony on Wednesday.

5. Special incentives in pipeline for investors

Vietnam Investment Review

The business community and investors are expected to benefit from the government’s upcoming decision offering special investment incentives, but experts said such bonanzas will need to be further clarified. 

6. Pfizer agrees to provide Vietnam with additional 20 million vaccine doses.

The Saigon Times

HCMC – Pfizer/BioNTech has cut a deal with the Ministry of Health to provide Vietnam with 20 million more doses of the Pfizer vaccine in late 2021.

7. Boeing establishes first office in Vietnam, appoints new Southeast Asia president

Tuoi Tre News

The Boeing Company on Monday announced the opening of two new offices in Indonesia and Vietnam following the appointment of a new president for its Southeast Asia operations.

8. Techwire Asia: Vietnam Is Asia’s Next Green Energy Powerhouse

Vietnam Times

'Vietnam has shown the world its capability to accelerate clean energy solutions,' said the Malaysia-based Techwire Asia news website.

9. Ho Chi Minh City facilitates operation of FDI enterprises

Nhan Dan

NDO - Ho Chi Minh City has asked relevant agencies to urgently address obstacles for foreign direct investment (FDI) enterprises in order to create conditions for effective production and business activities. 

10. HCMC gets new chairman as party official appointed executive head

VNExpress

Phan Van Mai, Deputy Secretary of HCMC's Party Committee, has been elected as chairman of the city's People's Committee.


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The Covid-19 outbreak caused great disruptions to the Vietnam real estate market in the year 2020 to 2021. However, production and business activities have since gradually regained growth momentum, and the Government's policy to push socio-economic recovery and development has shown positive effects since the beginning of this year. In the first 9 months of 2022, Vietnam attracted about US$15.4 billion in foreign investment, up 16.2% over the same period last year. Real estate investment continues to rank second among sectors attracting the most foreign direct investment with over US$3.5 billion received, accounting for 18,7% of the total amount of investment. GDP in the first nine months of 2022 increased by 8.83% over the same period last year, the highest growth in the past decade. This shows that Vietnam is still among the markets with great potential for investment in the Asia Pacific region.
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