Illustrative image (Source: VNA) Hanoi (VNA) – Foreign direct investment (FDI) registered in Vietnam during the first quarter of 2019 hit the highest level since 2016, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. As of March 20, foreign investors had registered 10.8 billion USD in new and additional capital and capital for buying shares of domestic firms, up 86.2 percent year-on-year. This included 3.82 billion USD for 785 new projects, rising by 80.1 percent. However, capital pumped into existing projects, at nearly 1.3 billion USD for 279 existing ones, was equal to only 72.5 percent of the figure in the corresponding period last year. About 5.68 billion USD, or 52.6 percent of the total figure, was registered to buy shares, three times the figure of one year ago. Foreign investors poured money into 18 sectors, with 8.4 billion USD or 77.7 percent channelled into processing and manufacturing. Real estate (778.2 million USD) … [Read more...] about Q1 foreign direct investment inflow hits four-year high
Vietnam foreign direct investment
Foreign direct investment in Vietnam expected to surge
Vietnam is expected to see a surge in foreign direct investment (FDI), thanks to various factors such as free trade agreements, the trade war between China and the United States on Vietnam, and stronger interest in merger and acquisition (M&A) transactions, reported Nguoi Lao Dong newspaper. An employee at a foreign-invested firm in Long Hau Industrial Park in the southern province of Long An – PHOTO: NLD Many financial experts considered the second summit between U.S. President Donald Trump and North Korean Chairman Kim Jong Un, held in the capital city of Hanoi on February 27-28, an opportunity for Vietnam to score points with potential investors. They noted this event was the next success in the country’s international integration efforts. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership came into effect early this year, and the European Union-Vietnam Free Trade Agreement is expected to be signed soon. These factors are likely to provide … [Read more...] about Foreign direct investment in Vietnam expected to surge
Reducing risks of outward foreign direct investment
In the context that outward foreign direct investment (OFID) is getting bigger and bigger, the issue of reducing risks and reinforcing the reputation of Vietnamese investors in overseas countries comes to the fore. The Vietnam Cross-Border Investment conference discussed outward foreign direct investment On January 10, 2019, Oxfarm in Vietnam, in collaboration with the Vietnam Chamber of Commerce and Industry (VCCI) and People and Nature Reconciliation (PanNature) held a seminar on cross-border investment in Vietnam, outlining the risks and challenges in legal compliance. According to the Ministry of Planning and Investment, as many as 149 projects were granted certificates for OFDI with the total investment of $376.1 million and total additionally-registered capital of $56 million. Vietnam is investing in 38 countries and territories. Of these, Laos ranks first with $81.5 million of total investment, making up 18.8 per cent, followed by Cambodia and Myanmar. In addition to … [Read more...] about Reducing risks of outward foreign direct investment
Vietnam expects more investment out of China
Despite ongoing uncertainies regarding the trade war, Vietnam can still benefit from it Photo: Le Toan Economist at the Diplomatic Academy of Vietnam Nguyen Van Lich has, along with colleagues, recently conducted statistics about businesses planning to move production facilities out of China, and many select Vietnam as a good market for their new manufacturing bases. China’s production costs are growing strongly, together with risks caused by high import tariffs by the US on Chinese firms, who will find it difficult to boost exports there. “Vietnam will likely welcome new foreign direct investment (FDI) and production from China,” Lich said. He cited Brooks Running, an American producer of high-performance running shoes, clothing, and accessories, considering shifting manufacturing operations to Vietnam to shun the trade war tariffs. “The company’s CEO said that if it relocates its production to Vietnam or elsewhere, this decision will be permanent, … [Read more...] about Vietnam expects more investment out of China
Eco-industrial parks attract foreign direct investment
Developing eco-industrial parks would help address the problems caused by normal industrial production and industrial zones (Photo: VNA) Hanoi (VNS/VNA) - Developing eco-industrial parks would help Vietnam attract foreign direct investment and promote sustainable growth. This conclusion highlighted a two-day conference ending on November 9 about opportunities, challenges and barriers to eco-industrial parks in the country. It was co-organised by the Ministry of Planning and Investment and the United Nations Industrial Development Organisation (UNIDO) in Ho Chi Minh City as part of the “Implementation of eco-industrial park initiative for sustainable industrial zones in Vietnam” project. Tran Huy Dong, Director of the ministry’s Department for Local and Regional Economy, said the increases in industrial production and industrial zones brought challenges like environmental pollution, negative impacts on residents’ lives, the inefficient use of resources and the … [Read more...] about Eco-industrial parks attract foreign direct investment