Foreign institutional investor

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

Illustrative image (Source: VNA) Hanoi (VNA) – Party General Secretary Nguyen Phu Trong has signed for issuing Resolution 50-NQ/TW on directions for improving institutions and policies to enhance the quality and effectiveness of foreign investment cooperation to 2030. The resolution expresses Vietnam’s viewpoints, policies and targets in attracting foreign investment in the new stage. It also provides the foundation to address the trend of developed countries exporting pollution to developing ones through FDI, as one of the guiding viewpoints mentioned in the resolution is to proactively attract foreign investment in a selective manner, based on the main criteria of quality, effectiveness, technology and environmental protection. One of the specific targets set by Resolution 50 is to attract 150-200 billion USD of foreign investment in the 2021-2025 period, or 30-40 billion USD each year, and 200-300 billion USD in the 2026-2030 period, or 40-50 billion USD each … [Read more...] about New Party resolution issued to direct flow of foreign investment

The Vietnamese government is trying to lure investors to the country’s infrastructure development projects amid limited public funding and experts believe the investors will come if the government can create a sound legal and regulatory environment.   The key for Vietnam’s infrastructure upgrade is a well-crafted PPP law Currently, only 10% of Vietnam’s infrastructure is funded by the private sector, much lower than many other middle-income countries in Asia. However, experts at the Asian Development Bank (ADB) said that a well-structured law on private-public partnerships (PPP) is a key opportunity to upgrade Vietnam’s infrastructure as it will attract the investors. According to experts, the country’s current PPP investment regulations are not sufficient to create a comprehensive framework for investments. Naoyuki Yoshino, dean of ADB Institute, said that private investors, especially foreign investors, remain skittish about investing in … [Read more...] about Well-structured law to channel foreign investment into Vietnam’s infrastructure

Deeper engagement of foreign investors into Vietnamese banks Vietnam is getting closer to the international community in recent years through a slew of events, such as gaining admission to the ASEAN Economic Community (AEC) and the signing of new-generation free trade agreements (CPTPP, EVFTA, for example). The country is also revising many important laws, like the Law on Investment, Law on Enterprises, Law on Securities Business, and several other specialised laws. Notably, the Politburo has recently enacted the first-ever resolution on new-generation FDI attraction, continuing efforts to institute a favourable, transparent, and pro-business investment environment. These factors aim to help the country attract foreign investment across the board. In the field of banking, growing capital injections from foreign investors have been helping banks to expand capital sources, develop new disruptive technologies, and improve management expertise and the quality of human resources, enabling … [Read more...] about Strong points of NCB in the eyes of investors

The conference on amending the laws on investment and enterprise Yesterday (October 15), a conference collecting comments for the draft Law on Investment and Law on Enterprises took place in Hanoi with the participation of the Ministry of Planning and Investment, economic experts, businesses, and legal firms. Nguyen Anh Tuan, editor-in-chief of nhadautu.vn newswire, said that perfecting institutions and policies for a transparent legal framework and international integration is a major target for the government and the National Assembly. Laws on investment and business are being built to submit to the National Assembly's next meeting session, including the amended Law on Investment and Law on Enterprise, which are in the centre of attention for foreign and local investors. Opening the conference, Deputy Minister of Planning and Investment Vu Dai Thang highly appreciated the meeting, which is held a day before these two drafts are reported to the National Assembly Standing Committee … [Read more...] about Amending investment and enterprise laws to guarantee investor rights