Vietnam’s political stability is one factor among many that raises it above regional FDI competitors Photo: Le Toan Vietnam’s foreign direct investment (FDI) performance in 2019 hit a decade-long high at around $38 billion pledged, demonstrating justification of the government’s policies and regulations. In January the surge continued, with the country attracting around $5.3 billion in FDI in the first 20 days of the month alone, an on-year improvement of nearly 180 per cent. Approximately $4.5 billion of the total is going into nearly 260 projects, with the remainder of the sum coming in the form of share purchases, capital contributions, and additional related investment. Last month Singapore was listed as Vietnam’s largest overseas investor, with over $4 billion pledged, representing a massive 90 per cent of total FDI. Since then, global eyes have been focused on the spread of coronavirus known as COVID-19, which has affected scores of countries. Economists have been scrambling to predict the lasting effects of the outbreak, and calculate the growth hit not only to the epicentre of China but also to neighbouring nations and the rest of the world. Due to the ongoing and protracted trade spat between the United States and China, Vietnam… Read full this story
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