INVESTMENT

(VEN) - Foreign direct investment (FDI) in Ho Chi Minh City (HCMC) has been growing and is expected to further increase as a result of signed free trade agreements (FTAs). According to Dang Huynh Mai, Deputy Director of the Ho Chi Minh City Department of Planning and Investment, the city has attracted US$3 billion in FDI this year. The real estate sector has taken the lead with 26 projects totaling US$225.9 million in registered capital (accounting for 42.7 percent of the total), followed by science and technology with 136 projects worth US$115.2 million (21.8 percent), and trade with 234 projects worth US$102.3 million (19.3 percent). According to Takimoto Koji, Chief Representative of the Japan External Trade Organization (JETRO) Office in Ho Chi Minh City, the city’s investment environment still has problems, including traffic jams, flooding and environmental pollution, which are discouraging investors from investing in the city. There are 16 export processing zones and … [Read more...] about HCMC prepares land to attract investors

The Hanoitimes - The EVFTA will help Vietnam improve the quality of foreign investment, attracting more capital in a number of industries in which the EU is strong such as processing and manufacturing, hi-tech applications, clean energy and financial services. Vietnam’s textile and garment under pressure to qualify for EVFTA’s rules of origin Vietnam pledges to do its best to effectively implement EVFTA EVFTA – a chance for both sides Vietnam to soon ratify EVFTA, two other ILO conventions: Speaker EVFTA – Vietnam’s best trade deal: Minister EVFTA to give a big push to Vietnamese exports to EU: Minister Vietnam to form new value chain with EU through EVFTA: Minister New free trade deals, especially the Europe-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), are creating new impetus for attracting foreign investment in Vietnam, experts said.   Investors in … [Read more...] about New FTAs facilitate Vietnam’s FDI attraction

The Hanoitimes - John Chong, CEO of Maybank Kim Eng, said in order to take advantage of the shifting of FDI inflow from tech firms, Vietnam must make investments to improve its labor force and infrastructure. FDI commitments to Hanoi hit US$5.1 billion YTD Actual FDI in Vietnam up 6.63% to over US$11 billion in Jan-July Chinese FDI projects pose risks of outdated technologies: Expert Vietnam minister warns of FDI projects posing trade fraud risks Vietnam's Pulitburo requires luring high-quality FDI Though Vietnam has opportunities in attracting FDI firms in the wake of the Sino-US trade dispute, the country must make more investments and reforms so as to take advantage of the inflow, experts said.   Vietnam has to compete strongly with other regional countries to lure FDI firms. It was expected that the trade war helped Vietnam lure more FDI due to the exodus of foreign investors out of the United States, China and the European Union given the increased … [Read more...] about Vietnam needs more reforms to take advantage of FDI shifting

The Hanoitimes - Foreign investors are keen on Vietnamese firms that operate in many sectors, from banking, finance, consumer goods, food, textile and realty to pharmacy, IT and education. What are the highlights of real estate M&As in Vietnam in H1? Foreign firms dominate Vietnam logistics market through recent M&As Vietnam sees US$55 billion in M&A deals made in a decade M&A deals in Vietnam down 47% to US$1.9 billion in H1 M&A in Vietnam’s retail industry on the rise in 2019 Foreign investors are continually stepping up mergers and acquisitions (M&A) activities in the Vietnamese market, buoyed by the country’s growth momentum and the government’s strong commitments.   Vietnam’s consumer goods and retail will be the target for foreign investors. The domestic market has recently seen the biggest-ever M&A deal with foreign involvement in the history of the Vietnamese banking sector: South Korea’s KEB … [Read more...] about Vietnam keeps appealing to foreign investors in M&A deals