Vietnam and the EU are working hard to accelerate the signing of the EVFTA. When will the EVFTA be signed? The EVFTA is expected to be signed before the summer of this year and then will be approved by the European Parliament and the Vietnamese National Assembly. There was a plan for the signing to take place in December 2017. However, it was delayed due to a longer process of legal scrutiny by the two sides’ experts, the EU restructuring, and the European Court of Justice decision that free trade agreements between the EU and other countries require ratification by national and regional assemblies. I think the EVFTA will be signed soon without problems. The difficulty will only be waiting for the approval of the European Parliament and the Vietnamese National Assembly. Good preparations are needed to help the EVFTA prove its efficiency. Some 20 European experts have been dispatched to assist Vietnam in the preparations. There will be a lot of technical work to do in May and June … [Read more...] about EU aims to be largest investor in Vietnam
Investors in vietnam
Japan top investor in Vietnam again
A smart city megaproject in Hanoi has catapulted Japan back to the top of the list of foreign investors in Vietnam. The project pushed Japan’s investments in the first of the year to $6.47 billion, 31.8 percent of the total FDI reported for the period. In second place is South Korea with an FDI of $5.06 billion, 24.9 percent of the total, followed by Singapore with 11.8 percent at $2.39 billion. The significant spurt in Japanese FDI owes a lot to a $4.138 billion smart city megaproject in Hanoi. Japan had been Vietnam’s top foreign investor in 2017, but lost that spot in the first quarter of this year, before regaining it this month. Total FDI in the first six months of the year jumped 5.7 percent year on year to $20.33 billion, according to the Foreign Investment Agency on June 27. The manufacturing sector has led the field in attracting FDI, accounting for 38.9 percent of the first half total at $7.91 billion. Retailing stayed far behind at $1.5 billion, for 7.4 percent. … [Read more...] about Japan top investor in Vietnam again
Japan leads foreign investors in Vietnam in year’s first half
Illustrative image (Source: VNA) Hanoi (VNA) – Japan overcame 86 countries and territories to become the largest foreign investor in Vietnam in the first six months of this year, with 6.47 billion USD, or 31.8 percent of the total registered capital. Japanese investors poured 4.138 billion USD into a project on building a smart city in Hanoi’s Dong Anh district. Foreign investors invested a total of over 20 billion USD in 1,366 new projects and 507 existing ones as well as in contributing capital and buying shares in domestic company in the reviewed period. With 5.06 billion USD, the Republic of Korea was Vietnam’s second biggest investor, followed by Singapore with 2.39 billion USD. During January-June, foreign investors poured their capital into 55 provinces and cities, in which Hanoi ranked first with 5.87 billion USD. The capital city was followed by Ho Chi Minh City (3.68 billion USD), and Ba Ria-Vung Tau province (1.93 billion USD). … [Read more...] about Japan leads foreign investors in Vietnam in year’s first half
RoK continues leading foreign investors in Vietnam
A view at the Samsung factory in Thai Nguyen where cellphones are manufactured. (Photo: VNA) Hanoi (VNA) – The Republic of Korea (RoK) has been the biggest investor among 86 countries and territories investing Vietnam so far this year, with total investment of 2.63 billion USD, accounting for 26.5 percent of total foreign direct investment (FDI) the country has attracted in the reviewed period. According to the Foreign Investment Agency under the Ministry of Planning and Investment, the RoK was followed by Japan with 1.52 billion USD and Singapore with 1.11 billion USD. In 2017, the RoK was the second largest foreign investor in Vietnam, just behind Japan, with total registered capital of 8.49 billion USD. But in terms of accumulative investment, the country ranked first among 125 countries and territories investing in Vietnam, with total investment capital of 57.7 billion USD by the end of December 2017. The agency reported that in the first five months of 2018, Vietnam … [Read more...] about RoK continues leading foreign investors in Vietnam
Wishing Japan maintains position as top investor in Vietnam
Prime Minister Nguyen Xuan Phuc expressed his thanks for Mr Fumio Kishida’s positive contribution to the vigorous development of ties between Vietnam and Japan in the recent time as Foreign Minister and General Secretary of the Japan-Vietnam Friendship Parliamentary Alliance. Meanwhile, he hoped Mr. Fumio Kishida would continue to support and strongly promote the Vietnam-Japan relationship in the future, PM Phuc stressed. He expressed thanks to the effective support of the Government of Japan to the socio-economic development and the enhancement of Vietnam's competitiveness over the past time through ODA loans. Vietnam attaches importance and efforts to seriously implement ODA commitments with Japan and hopes that the Japanese ODA will continue to be used in the areas of large-scale infrastructure construction, human resource training and response to climate change, the Prime Minister stated. The PM expected Japan to maintain its position as the No.1 investor in Vietnam as in … [Read more...] about Wishing Japan maintains position as top investor in Vietnam