Even though the total foreign-invested capital of the whole year was a bit lower than the last year, the disbursed capital and investments in M&A saw a marked increase. Disbursed FDI and foreign M&A spending increased since 2017 According to the statistics published by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, as of December 20, foreign investors invested $35.46 billion, equalling 98.8 per cent of the figure from last year. Meanwhile, the total disbursed capital reached $19.1 billion, up 9.1 per cent on-year. Foreign direct investment (FDI) commitments were $25.57 billion for the whole year. Of the amount, newly-registered projects accounted for $17.98 billion, while investors added $7.59 billion to existing projects, equalling 84.5 and 90.3 per cent of last year’s performance. Besides, foreign investors spent $4.79 billion on acquiring 6,496 M&A deals in Vietnamese companies, shooting up 59.8 per cent on-year. … [Read more...] about Real foreign investment and M&A capital up despite nominal drop
Laos foreign investment
Banking-finance takes lead in Vietnam’s foreign investment
It was followed by agricultural, forestry and seafood field with $68.4 million, processing and manufacturing with $50.9 million. In 35 nations and territories which Vietnam have invested in, Laos attracts most with $97.6 million. Australia ranks second with 52.7 million and Slovakia ranks third with $35.9 million. At the following position is Cambodia, Cuba and Myanmar. The Foreign Investment Department under the ministry said that 2006-2017 is the booming phase of Vietnam’s foreign investment. The country has invested in 1,188 projects in 70 nations and territories with the total registered capital of $21.4 billion as of January last year. So far, the amount has approximated $22.1 billion. By ANH PHUONG – Translated by Hai Mien … [Read more...] about Banking-finance takes lead in Vietnam’s foreign investment
Vietnam’s inbound and outbound foreign investment picture
A lack of billion-dollar projects reduced total foreign-invested capital in the first eleven months by 6.8 per cent on-year to $30.8 billion. Foreign direct investment capital in the first eleven months decreased by 6.8 per cent on-year According to statistics published by the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), as of November 20, 2018, the country granted investment certificates to 2,714 new projects with the total registered capital of $15.78 billion, equalling 79.7 per cent on-year. Additionally, 954 projects adjusted capital with a total of $7.4 billion, 92.6 per cent of the same period in 2017. Also in the first eleven months of 2018, there were 5,882 instances of capital contribution and share purchase by foreign investors with the total value reaching $7.6 billion, up 44.4 per cent on-year. In the first eleven months of 2018, total newly and additionally registered capital and capital contributed and shares purchased by foreign … [Read more...] about Vietnam’s inbound and outbound foreign investment picture
Yen Bai works hard to attract more foreign investment
Yen Bai organised an investment promotion conference in Seoul, the Republic of Korea, in early 2017 (Source: VNA) Yen Bai (VNA) – Foreign direct investment (FDI) has helped boost socio-economic development in the northern mountainous province of Yen Bai, contributing to shifting the economic structure, creating more jobs and improving locals’ living conditions. To attract more FDI, the mountainous province has continuously promoted its strengths in natural resources and preferential policies to enterprises, especially those with foreign investment. The Foreign Investment Law was issued in 1987, but Yen Bai did not see any project coming until nine years later. The first FDI project was on limestone exploration, exploitation and processing at Mong Duong mine in Yen Binh district with a registered capital of 7.6 million USD. At that time, Yen Bai was not attractive to foreign investors as the building of preferential policies remained limited. FDI flow into the province … [Read more...] about Yen Bai works hard to attract more foreign investment
Vietnam vows facilitating foreign investment in transport infrastructure development
Transport Minister Nguyen Van The (Photo: VNA) Hanoi (VNA) – Vietnam will provide all possible conditions it can for international investors, donors and organisations to get involved in developing transport infrastructure in the country, said Transport Minister Nguyen Van The. Speaking at a session on infrastructure development and financing as part of the Greater Mekong Subregion (GMS) Business Summit in Hanoi on March 30, The said that infrastructure plays a special important role in socio-economic development of a nation and infrastructure development is a priority of many developing countries, including Vietnam. Over the past years, the Vietnamese Government has spent much, about 9-10 percent of its annual GDP, on transport, energy, telecommunications and water infrastructure, he said. However, transport infrastructure system in Vietnam still has a small scale with asynchronous connection. The country now has only 756 kilometers of expressway while the railway … [Read more...] about Vietnam vows facilitating foreign investment in transport infrastructure development