January 2019 saw the number of South Korean visitors shoot up 23 percent year-on-year to 389,000, accounting for a quarter of Vietnam’s total international tourist arrivals for the month, according to the General Statistics Office. Correspondingly, the number of Chinese tourists to Vietnam dropped 10.7 percent to 373,500, marking the first time that South Korea has overtaken its neighbor to become a key driver of Vietnam’s tourism boom. Among several factors that are deemed to have led to the robust growth in South Korean interest in Vietnam is the successful run of the Vietnamese football team under coach Park Hang-seo. This seems to have sparked a greater mutual interest in each other's country among both populations. A 15-day visa waiver for South Korean tourists to Vietnam and an increase in the frequency of direct flights connecting major cities in both countries have also contributed to making Vietnam the number one choice for South Korean tourists. South … [Read more...] about More South Koreans than Chinese visit Vietnam in January
Vietnam in january
Vietnam lures US$1.9 billion in FDI in January
A part of HCM City. The city lured the largest share of FDI in January. (Photo: nhandan.org.vn) January’s FDI disbursement also rose 9.3 per cent year-on-year to $1.55billion, thoibaonganhang.vn reported, citing the ministry’s data. Meanwhile, the capital pledged for stake acquisitions reached $761.8 million, up 114 per cent compared to the same month last year, the data noted. One remarkable project was Japanese Kyoshin Vietnam’s project which was allowed to raise its investment by $134.7 million. Based in HCM City, the factory specializes in manufacturing molding products and machinery. Others included a $65-million logistics project funded by Katolec Global Logistics Vietnam from Japan in the northern province of Ha Nam and a Chinese-financed textile chemical manufacturing project worth $60 million in the southern province of Tay Ninh. As per the data, foreign-invested enterprises continued to record a trade surplus of $1.83 billion during the month … [Read more...] about Vietnam lures US$1.9 billion in FDI in January
Vietnam lures $1.9 billion in FDI in January
Foreign direct investment (FDI) pledged in Vietnam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment. A part of HCM City. The city lured the largest share of FDI in January.-Photo nhandan.org.vn January’s FDI disbursement also rose 9.3 per cent year-on-year to $1.55 billion, thoibaonganhang.vn reported, citing the ministry’s data. Meanwhile, the capital pledged for stake acquisitions reached $761.8 million, up 114 per cent compared to the same month last year, the data noted. One remarkable project was Japanese Kyoshin Vietnam’s project which was allowed to raise its investment by $134.7 million. Based in HCM City, the factory specialises in manufacturing molding products and machinery. Others included a $65-million logistics project funded by Katolec Global Logistics Vietnam from Japan in the northern province of Ha Nam and a Chinese-financed textile … [Read more...] about Vietnam lures $1.9 billion in FDI in January
Foreign investors register to invest USD 1.25 billion in January
In January, the disbursement of foreign direct investment (FDI) saw a positive increase of 10.5 percent to USD 1.05 billion year on year, according to statistics from the Ministry of Planning and Investment’s Foreign Investment Agency. Foreign investors registered to invest nearly USD 1.25 billion in Vietnam in January. (Photo for illustration) A number of large projects were granted licenses during the month, including Kefico Vietnam Company Ltd., which was allowed to add USD 120 million in investment capital; Vina Cell Technology Company Ltd, which added USD 100 million; the Nam Dinh Ramatex Textile and Garment Factory project with total capital of USD 80 million in Nam Dinh province, funded by a Singapore investor; and Jotun Paint Company Ltd. in HCM City, invested by a Norwegian investor with funds of USD 70 million. Out of 125 countries and territories with FDI projects in Vietnam, the Republic of Korea was the most significant investor with USD 58.1 … [Read more...] about Foreign investors register to invest USD 1.25 billion in January
Foreign investors register to invest 1.25 billion USD in January
Foreign investors register to invest 1.25 billion USD in January Foreign investors registered to invest nearly 1.25 billion USD in Vietnam in January, which will include funding for new projects, in addition to existing projects and buying stakes in projects, which will equal 75.9 percent, compared to the same period last year. In January, the disbursement of foreign direct investment (FDI) saw a positive increase of 10.5 percent to 1.05 billion USD year on year, according to statistics from the Ministry of Planning and Investment’s Foreign Investment Agency. A number of large projects were granted licences during the month, including Kefico Vietnam Company Ltd, which was allowed to add 120 million USD in investment capital; Vina Cell Technology Company Ltd, which added 100 million USD; the Nam Dinh Ramatex Textile and Garment Factory project with total capital of 80 million USD in Nam Dinh province, funded by a Singapore investor; and Jotun Paint Company Ltd in HCM City, … [Read more...] about Foreign investors register to invest 1.25 billion USD in January