Foreign direct investment for the year was worth US$19.23 billion as of October 20, a whopping 66 percent rise year-on-year, Foreign Investment Agency data showed. The figure exceeded the full-year target of $13-14 billion last month. Nearly 70 percent of the investment, or $13.1 billion, is in 1,050 new projects. The amount of money represents a year-on-year increase of 80 percent. Manufacturing and processing attracted the largest FDI -- of $14.9 billion, which accounts for more than 77 percent of the total. The investors are from 52 nations and territories, with Japan topping the list with a quarter of the entire amount, followed by South Korea (21 percent), and Singapore (20 percent). The northern province of Thai Nguyen improved one place from last month to become the top FDI locality after Samsung pledged $1.2 billion for a plant. Like us on Facebook and scroll down to share your comment … [Read more...] about Vietnam foreign investment up 66 percent
Vietnam foreign investment agency
Vietnam’s foreign investment falls 22.5 percent in Jan-Feb
Vietnam has attracted around US$1.2 billion in foreign direct investment so far this year, down 22.5 percent compared to the same period last year. The country licensed 148 new projects to foreign investors with a combined capital of $712 million, a drop of 4.3 percent, according to the Foreign Investment Agency. It also allowed 58 existing projects to boost registered funding by a total $480.5 million, down 32.2 percent. The agency did not provide any explanation for the decline. The nine-day Lunar New Year festival last month could be one of the reasons. Among 27 countries and territories investing in Vietnam in January-February, British Virgin Islands was the biggest investor with $351.39 million, making up 29.5 percent of the total pledges. The tax haven has initiated a luxury clothing production project that alone is worth $300 million. It is followed by South Korea, with $222.11 million, and Japan, with $169.83 million. The top areas for foreign investment in the first two … [Read more...] about Vietnam’s foreign investment falls 22.5 percent in Jan-Feb
Foreign investment surges to $45 billion
The foreign direct investment (FDI) committed so far this year is over US$45 billion, four times last year's figure. The chairman of the Ho Chi Minh City People's Committee, Le Hoang Quan (C), looks at a map of an international university township proposed to be built in the city. Malaysian conglomerate Berjaya Land Berhad will invest US$3.5 billion in this project … [Read more...] about Foreign investment surges to $45 billion
Mekong Delta needs foreign investment
The Mekong Delta's unique position as Vietnam's agricultural hub for exports and the miniscule foreign investment it attracts prevents it from going up the value chain in global markets, local experts say. They say foreign businesses would play an important role, along with local investors, in enhancing the region's competitiveness in farming, processing and exporting to the world market. A dried-seafood vendor in Ben Tre Province. In the first quarter of the year, four foreign invested projects worth US$7.15 million were licensed in the delta. … [Read more...] about Mekong Delta needs foreign investment
Vietnam attracts more foreign-invested projects
The August figure brought the total number of newly-licensed projects in the past eight months to 772, worth US$46.3 billion. It’s worth noting that the total registered investment of newly-licensed projects over the past eight months was five times higher than that of the same period last year. Each newly-licensed project has an average investment capital of about US$60 million. Since the beginning of this year, 210 projects have increased their investment capital by US$833.6 million, accounting for 81.7 percent and 55.5 percent in terms of the number of projects and additional investment, respectively compared to the previous year’s corresponding period. Newly-invested and additional investment has reached US$47.15 billion, or 4.7 times higher than the same period last year. The Foreign Investment Agency has attributed this to a great effort made by ministries, agencies and local authorities in boosting investment promotion and assisting investors operating in Vietnam. … [Read more...] about Vietnam attracts more foreign-invested projects