Attracting foreign investors

New foreign investment regulations will have a positive impact on foreign investors in Vietnam for the foreseeable future. Lawyers at Yingke Vietnam, a subsidiary of Yingke Global, have been quite busy helping major foreign clients seeking investment opportunities in Vietnam. Mr. Tony Hieu, Legal Manager at the company, told VET that a mere five months into its practice, the company plans to recruit more highly-specialized employees to meet the increasing workload. “In addition to the move towards relocating production facilities to Vietnam, the country has also been active in signing bilateral and multilateral trade agreements in recent times that made its business environment more attractive to many foreign investors,” he explained.  Thirty-three China-based manufacturers have moved to Vietnam since June, preferring the country over Indonesia. Trade tensions affect export-oriented manufacturing sectors the most, so investors naturally head to places that are also … [Read more...] about Clearing the path for foreign investors in Vietnam

The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert. Revised laws are expected to create a transparent legal framework for investors Vietnam’s amended laws on Investment and Enterprises should include regulations to assure rights and benefits of investors even when policies are changed, as they play a key role in luring foreign investments, experts said. They added that in the context of international integration and fluctuations, some shortcomings have been revealed in the current Law on Investment and Law on Enterprises, which have taken effect since 2014, so government agencies must acknowledge these when making amendments to the laws. The two draft laws, which will be submitted to the National Assembly's upcoming sitting, are in the center of attention of foreign and local investors as they are intended to improve institutions … [Read more...] about Amended laws need to guarantee foreign investor rights in Vietnam

A view of Hanoi from Truc Bach lake (Photo: VNA) Hanoi (VNA) – Hanoi led 59 cities and provinces receiving foreign direct investment (FDI) in the first nine months of this year by luring 6.15 billion USD, or 23.5 percent of the total FDI that Vietnam got in the period. According to the General Statistics Office (GSO), Hanoi was followed by Ho Chi Minh City with 4.52 billion USD, accounting for 17.3 percent of the total FDI. The southern industrial hub of Binh Duong came third with 2.52 billion USD, accounting for 9.6 percent of the total FDI flowed into Vietnam so far this year. The GSO reported that Vietnam attracted 26.16 billion USD in the first nine months of this year, up 3.1 percent over the same period in 2019. Of the figure, 10.97 billion USD was poured into nearly 2,760 new projects, up 26.4 percent in the number of projects and down 22.3 percent in terms of the capital year on year. Approximately 4.79 billion USD was pledged to existing projects, just equivalent to … [Read more...] about Hanoi most attractive to foreign investors in nine months

Illustrative image (Source: VNA) Vinh Phuc (VNA) – The northern province of Vinh Phuc has become popular among both domestic and foreign investors as a friendly and promising destination for successful projects. Projects in the locality have continued to expand, and the number of newly-licenced ones on the rise. So far this year, nearly 10.7 trillion VND (460.1 million USD) has been poured into nearly 40 ongoing and new domestically-invested projects, up 250 percent over the same period last year and surpassing the target by 7.7 trillion VND (331.1 million USD). Meanwhile, around 570 million USD has been injected into nearly 100 foreign-invested projects, a rise of 67 percent year on year, exceeding the target for the whole year by 70 million USD. The province is currently home to 750 domestically-run projects worth over 82.3 trillion VND (3.53 billion USD), along with more than 370 FDI ones with a total registered capital of more than 4.9 billion USD. This success is due to … [Read more...] about Vinh Phuc remains attractive to investors

Standard Chartered Bank seminar hears that country's young population, steady economic growth, and SOE equitization lay behind appeal. Vietnam is the most attractive destination in ASEAN in merger and acquisition (M&A) activities, experts told the “Bridging ASEAN Seminar - M&A” held recently in Ho Chi Minh City. Different from Singapore and Malaysia, Vietnam’s attractiveness comes from its young population, steady economic growth, and, especially, the equitization of State-owned enterprises (SOEs). Organized by Standard Chartered Bank in cooperation with the Malaysia Business Chamber Vietnam and the Singapore Business Group, the seminar attracted over 100 representatives from Asia, including from Vietnam. This was the second Standard Chartered-sponsored Bridging ASEAN Seminar, following the first in May 2017 on ASEAN trade and investment, and reinforces the bank’s strong commitment to supporting its clients to realize their growth ambitions both in … [Read more...] about Vietnam among most attractive M&A destinations for foreign investors