Fdi

VietNamNet Bridge - By October 20, implemented foreign direct investment (FDI) had reached $14.2 billion and foreign portfolio investment (FPI) $4.7 billion, according to the General Statistics Office (GSO). By October 20, the implemented FDI had reached $14.2 billion The public now can access figures about foreign investment monthly from the Foreign Investment Agency (FIA) and GSO, and quarterly from the State Bank of Vietnam (SBV), reflected in the Balance of Payments. According to SBV, the disbursed FDI capital is estimated at $5.9 billion.  Foreign investors (both FDI and FPI) have disbursed $18.9 billion so far this year and commercial banks now hold $13 billion of the disbursed money. However, under the current laws, the total foreign currency position of the banking system must not be higher than 20 percent of its regulatory capital, or $5 billion. So how can the gap between figures exist, in the context of the surplus of $1 billion in trade balance as of October 15, … [Read more...] about FDI: many figures, few explanations

VietNamNet Bridge - Thirty years have elapsed since Vietnam ratified the Foreign Investment Law in 1987. Foreign investors committed to invest $312.9 billion by the end of 2017, of which $170 billion was disbursed. The chair of the Vietnam Association of Foreign Invested Enterprises Association (VAFIEs), Nguyen Mai, commented that foreign invested enterprises (FIEs) have made great contributions to Vietnam’s export turnover by exporting valuable processed and manufactured products.  According to the Foreign Investment Agency, $3.34 billion worth of FDI was committed in the first two months of 2018, while disbursed capital was $1.7 billion, an increase of 9.7 percent over the same period of 2017. “The topic for daily discussions in the provinces with large foreign invested projects like Bac Ninh is not how to eliminate hunger and reduce poverty, but how to settle social problems arising during industrialization and migration,” Mai said.Hi-tech … [Read more...] about Vietnam reaps fruits of 30 years of FDI

In pursuing its ambitious smart city goal, Hanoi has announced – for the first time – a list of sectors to be prioritised for Japanese investment. The focus lies on Japan’s expertise in industry, environment, high-tech manufacturing and agriculture, IT solutions, and energy efficiency. Hanoi’s FDI attraction focuses more and more on Japanese firms traditionally strong in high-tech projects In only a few days, Japan’s Nidec Corporation, a leading global high-tech company, will receive its investment certificate to invest over $400 million in energy-saving motor and energy-saving actuator research and manufacturing at Hanoi’s Hoa Lac Hi-Tech Park. The investment, following Nidec’s Ho Chi Minh City projects that have been in operation since 1998, shows the important role that Hanoi plays in the firm’s Vietnam strategies. Future plans According to the Hanoi Department of Planning and Investment, unlike in previous years, the city lists … [Read more...] about Hanoi puts its hopes in Japanese FDI