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
The “Sony effect” among foreign invested enterprises?
VietNamNet Bridge - Experts have warned that foreign invested enterprises (FIEs) in Vietnam now prefer importing goods to sell domestically instead of setting up production bases in the country. Retailing, not manufacturing Two years ago, the announcement by Sony Vietnam that it will stop production and will import products for domestic sale surprisedmany people. … [Read more...] about The “Sony effect” among foreign invested enterprises?
Poor foreign investment health
Despite mammoth development potential, foreign investment in Vietnam's healthcare sector remains modest. '"The above figures show foreign investment in the field of medical examinations and treatments in Vietnam is too little as compared with its huge development potentials,'" Khoa noted. … [Read more...] about Poor foreign investment health
New directions for drawing foreign investment to Vietnam
Shifting flowsForeign direct investment (FDI) inflows into Vietnam have increased sharply thanks to the shift of investment flows in the world, of which Vietnam is one of the attractive destinations.Vietnam attracted more than US$33 billion in FDI in the first 11 months of the year, an increase of over 82 percent compared to the same period last year. Of the total projects, 2,293 received investment certifications with total registered capital of US$19.8 billion, a year-on-year increase of 52 percent. In addition, 1,100 projects added capital totaling nearly US$8 billion, representing a 57.6 percent increase over the same period in 2016.A strong increase in FDI was attributed to the impressive surge of Japanese investment and the positive impact of the 21-nation APEC summit in the central city of Da Nang in early November.According to the Ministry of Planning and Investment’s Foreign Investment Agency, two FDI projects of large corporations were licensed in Vietnam in November. … [Read more...] about New directions for drawing foreign investment to Vietnam