Thanks to business environment improvements, Vietnam continues to top APEC economies for increases in cross-border investment, realising an upward trend of confidence in the future long-term sustainable development of the country. Vietnam among APEC’s best in foreign investment, source: twitter.com/apec_ceosummit PwC, the world’s leading provider of advisory, tax, and legal services, said in an APEC CEO survey released last week that Vietnam tops cross-border investment among the 21 member economies, with a net 46 per cent of respondents planning to increase investments over the next 12 months. Vietnam even ranks higher than attracting regional destinations like China (45 per cent) and Thailand (39 per cent), thus marking it the second consecutive year of Vietnam achieving the top ranking. Figure 1: Top APEC economies to receive increased cross border investment over the next 12 months (net increase) (Source: PwC’s APEC CEO Survey 2018) … [Read more...] about Vietnam among APEC’s best in foreign investment
Foreign investment advisory service
Big foreign investments forecast for Vietnam in 2018
The Hanoitimes - Free trade agreements, high economic growth and low labor costs will continuously help Vietnam lure big FDI in the remaining months of the year after reporting a whopping US$22.94 billion in the first seven months of the year. Many investors from various countries, especially Japan, Korea and Singapore, have so far also expected to increase their investments in Vietnam. Foreign investors are strongly pouring in Vietnam’s garment-textile industry A recent study of Hong Kong and Shanghai Banking Corporation Limited (HSBC) showed that overall investment into ASEAN in the future is expected to rise amongst Singapore-based companies ,with Vietnam to be a key beneficiary. According to the study, which sought the insights of 1,036 Singapore-based companies into their interest in overseas expansion, Vietnam’s growing consumer market and overall investment climate are driving the expansion plans of Singaporean investors, who were Vietnam’s third largest … [Read more...] about Big foreign investments forecast for Vietnam in 2018
Foreign players dominate Vietnam’s animal feed market
The Hanoitimes - Despite accounting for some 65 percent of Vietnam’s market share, foreign animal feed producers are continuously expanding production to further dominate the country’s fertile market. Vietnam’s animal feed market has attracted many foreign feed companies, such as Thailand’s C.P, the US’s Cargill, South Korea’s CJ, Holland’s De Heus, Singapore’s Haid and Malaysia’s Emivest, thanks to its two-digit growth in the past two decades. Vietnam consumes some 16 million tons of animal feed yearly The Vietnamese livestock industry currently needs about 16 million tons of animal feed worth some US$6 billion yearly. By 2020, the demand will increase to 25 million tons, valued at US$10.5 billion. Despite the rising domestic production, Vietnam still has to spend US$3 billion for importing animal feed and raw materials for production yearly. With an annual growth rate of 10-15 percent, the feed industry remains attractive … [Read more...] about Foreign players dominate Vietnam’s animal feed market
Real estate fertile ground for foreign investors
There has been something of a real estate “fever” in recent times at the Thu Thiem Urban Area, the proposed new CBD and mixed-used urban area in Ho Chi Minh City’s District 2 and which is set to become the largest inner-city development in Southeast Asia. Investment into the urban area has been strong over the last few years, with a host of both local and foreign real estate developers seizing the opportunities on offer. Vietnam’s real estate market attracted $5.54 billion in FDI in the first half of this year, accounting for 27.25 per cent of total investment into the country, according to the General Statistics Office (GSO). 2018 marks ten years since the last real estate downturn and nearly five years of recovery. “Given that monetary policies are expected to stay neutral-to-accommodative to support growth when FDI inflows in the hundreds of millions of dollars are poised to enter the real estate market, the market is expected to continue stabilizing … [Read more...] about Real estate fertile ground for foreign investors
Investment in high-end hotel service escalates
Investment in high-end hotel service escalatesBy Minh Tam A view of the Hotel Majestic Saigon situated at the corner of Dong Khoi and Ton Duc Thang streets in HCMC - PHOTO: SAIGONTOURIST HCMC – The country has seen an escalation in investment in luxury hotels thanks to the rising number of tourists, according to audit and financial consulting firm Grant Thornton Vietnam. Citing data from the Ministry of Culture, Sports and Tourism in a 2018 survey on the hotel service, released on July 10, the firm pointed out that in 2017, Vietnam had an additional 79 operational hotels of three to five stars, 10 of them meeting five-star standards, taking the total number of three-to-five-star hotels to 101,400, up 10% against 2016. Trinh Kim Dung, advisory services manager of Grant Thornton Vietnam, told the Saigon Times that the supply of rooms in three-to-five-star hotels rose by 10% over two consecutive years, which put pressure on tourist attractions and room prices. The high-end … [Read more...] about Investment in high-end hotel service escalates