South Korea is currently the biggest foreign investor in Vietnam, with a total registered investment capital reaching over $92 billion in 10,128 projects.
Vietnam is pursuing an expansionary fiscal policy, which includes tax reductions for businesses and extensions on tax and land rent payments to stimulate development.
At the August 5 event, the PM demanded all-level authorities, sectors, and localities take timely, flexible, and efficient moves to achieve better and more inclusive socio-economic development in 2024 compared to last year.
Foreign entities and individuals can now own up to 30% of the residential apartments in a building, including mixed-use developments, under a new decree effective on August 1.