Meanwhile, foreign investors spent $15.5 billion in 2019 to buy into Vietnamese enterprises. The total foreign indirect investment (FII) in the first 11 months of the year was $11.2 billion only, and the remaining $4.3 billion was spent within one month alone. … [Read more...] about What’s behind the $7.1 billion worth of capital flowing into Vietnam?
Why foreign direct investment is important
In fact, a shortage of meat in the country has seen inﬂation spike. Inﬂation was at 5.2 per cent year-on-year in December 2019, up from 3.5 per cent year-on-year in November 2019, led by a 9.2 per cent year-on-year inflation in food prices, up from 5.6 per cent year-on-year over the same period. This is likely to see Viet Nam ramp up imports of meat to deal with the shortfall, causing higher inflation in the coming months. … [Read more...] about Vietnamese currency under bigger pressure in 2020
Regarding attracting FDI capital, according to Mr. Kyle F. Kelhofer, Senior Country Director of Vietnam, Laos, Cambodia, the International Finance Corporation (IFC), Vietnam needs to prepare a high-level labor force across all sectors, from infrastructure to finance to serve the digital economy and increase the efficiency of key economic sectors to meet the role of promoting development. … [Read more...] about EVFTA opens up great chances for FDI attraction into Vietnam
By virtue of globalization, the Government and foreign-invested enterprises, as well as multinationals, have various channels for policy dialogues, including those over which the authorities have control. Foreign-invested enterprises can also actively, indirectly and even independently offer their feedback and enhance its impacts on the Government’s policies. Actively gathering feedback from multiple channels, providing the necessary conditions for honest and constructive feedback to be offered and constantly pondering possible responses will help Vietnam protect herself against shocks better, considering that it is not a closed economy. … [Read more...] about Listen attentively to be proactive
However, positive demographic trends, rising incomes and a growing middle class will continue to support the retail sector. Fitch Solutions predicts that FDI for the wholesale and retail sectors will grow significantly, partially offsetting the cooling of manufacturing FDI. … [Read more...] about Dong to fall slightly against the dollar