Foreign M&A investment doubles on-year

In the first half of this year, foreign investment in M&A deals doubled compared to the same period of last year, hitting $8.12 billion in a total of 4,020 deals.

Foreign M&A investment doubles on-year

Foreign investors are lying heavily on M&A to achieve their objectives in Vietnam

According to the statistics published by the Foreign Investment Agency (FIA), Vietnam lured in $18.47 billion in foreign investment capital, equaling 90.8 per cent of the performance in the correspondig period last year.

Foreign direct investment (FDI) projects disbursed an estimated $9.1 billion in the first six months of the year, up 8 per cent on-year.

The country granted investment certificates to 1,723 new projects with the total newly registered capital of $7.41 billion, accounting for 62.8 per cent of last year's figure.

According to the FIA, the newly-registered capital in the first six months decreased because there are massive large-scale projects receiving their investment registration certificate, including the $4.14 billion smart city in Dong Anh invested by a Japanese investor and the $1.2 billion polypropylene producing and LNG warehouse project invested by a South Korean investor.

There were 628 instances of added capital registration with the total additionally registered capital of $2.94 billion, equaling 66.2 per cent compared to the figure from the same period in 2018.

Regarding capital contributions and share purchases, the country saw 4,020 such deals by foreign investors with the total value reaching $8.12 billion, up 98.1 per cent on-year.

In the first half of 2019, 19 fields received investment from foreign investors, with the processing and manufacturing sector taking the lead with $13.15 billion, accounting for 71.2 per cent of the total registered investment capital.

Real estate business ranked second with $1.32 billion, accounting for 7.2 per cent. Wholesale and retail ranked third with the total registered investment capital of $1.05 billion, capturing 5.7 per cent.

 

95 countries and territories have investment projects in Vietnam. Hong Kong ranked first with the total investment capital of $5.3 billion, making up 28.7 per cent of the total, while South Korea ranked second with $2.62 billion (15.7 per cent).

Singapore ranked third with the total registered investment capital of 2.73 billion (14.8 per cent).

55 cities and provinces received investment from foreign investors.

Hanoi attracted the most FDI with the total registered capital of more than $4.87 billion, capturing 26.4 per cent of the total. Ho Chi Minh City ranked second with more than $3.09 billion, accounting for 16.7 per cent. Binh Duong ranked third with over $1.37 billion, or 7.4 per cent. VIR

Kim Oanh

What’s needed to shift towards higher-quality investment?

What’s needed to shift towards higher-quality investment?

Vietnam has come a long way since the doi moi reforms. Its success in attracting foreign direct investment has been evident.

Vietnam may welcome a huge flow of investment from Hong Kong

Vietnam may welcome a huge flow of investment from Hong Kong

Vietnam is set to welcome a huge flow of investment from Hong Kong in the light of implementation of a free trade agreement between this economy and the ASEAN bloc.  

Vietnam sees another South Korean investment wave

Vietnam sees another South Korean investment wave

In the midst of the US-China trade war and the unexpected minus growth rate of the economy in Q1 2019, South Korean chaebols are looking for growth by penetrating emerging markets.

 
 

Other News

.
New decree to prevent transfer pricing, limit thin capitalisation
New decree to prevent transfer pricing, limit thin capitalisation
BUSINESSicon  14/11/2020 

The Government’s recently-issued Decree 132/2020/NĐ-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Ngoc Minh said.

Proper mechanism needed to attract investors to PPP projects
Proper mechanism needed to attract investors to PPP projects
BUSINESSicon  14/11/2020 

A proper mechanism is needed to attract investors to infrastructure projects implemented following the public-private partnership (PPP) model, experts have said.

Oil fields becoming depleted, difficulties lie ahead
Oil fields becoming depleted, difficulties lie ahead
FEATUREicon  14/11/2020 

Oil and gas companies are struggling to cope with falling prices, oil field depletion, and difficulties in seeking new fields.

Business support packages in the frame for maximum impact
Business support packages in the frame for maximum impact
BUSINESSicon  14/11/2020 

With many businesses becoming gradually exhausted and in critical need of state support, many National Assembly members have asked the government to apply feasible solutions to lift them out of woes.

Curbed inflation eases concerns
Curbed inflation eases concerns
BUSINESSicon  13/11/2020 

The big rise in public investment disbursement will not cause high inflation this year due to a decline in public and business demand and oil price, as well as government efforts to stabilise prices.

Focus on efficiency for new incentives
Focus on efficiency for new incentives
BUSINESSicon  13/11/2020 

A list of sectors that could benefit from special tax incentives in Vietnam would be utilised to grow enthusiasm for overseas investors and, as a result, help to contribute towards luring more high-quality foreign direct investment.

Pressure on the Finance Minister
Pressure on the Finance Minister
FEATUREicon  13/11/2020 

As the holder of the keys of the national treasury, Finance Minister Dinh Tien Dung is facing great pressure.

Demographics, rising income, geopolitical shifts to drive ASEAN’s growth
Demographics, rising income, geopolitical shifts to drive ASEAN’s growth
BUSINESSicon  13/11/2020 

10 ASEAN member states are on the cusp of a tremendous leap forward in socio-economic progress and their growth will be propelled by four mega-forces, including favourable demographics, rising income levels, geopolitical shifts and digital tailwinds.

Local firms told to prepare for RCEP export opportunities
Local firms told to prepare for RCEP export opportunities
BUSINESSicon  13/11/2020 

Vietnamese businesses should prepare to export their products to other ASEAN countries ahead of the possible signing of the Regional Comprehensive Economic Partnership (RCEP) this week. 

Pork prices drop after country flooded with imports
Pork prices drop after country flooded with imports
BUSINESSicon  14/11/2020 

Vietnam spent VND5 trillion ($214.78 million) to import pork in the first nine months of the year, leading to a drop in prices.

Hanoi authorities to inspect farmstay projects, land violations
Hanoi authorities to inspect farmstay projects, land violations
BUSINESSicon  13/11/2020 

The Hanoi People’s Committee has assigned the Department of Natural Resources and the Environment to set up a taskforce to inspect farmstay projects and deal with land law violations.

Daily visits to local e-commerce sites top 3.5 million: VECOM
Daily visits to local e-commerce sites top 3.5 million: VECOM
BUSINESSicon  12/11/2020 

Online shopping traffic in Vietnam so far this year rocketed over 150 percent against a year earlier, with daily visits to e-commerce sites growing to 3.5 million, 

RCEP - A new boost for regional enterprises
RCEP - A new boost for regional enterprises
BUSINESSicon  12/11/2020 

The Regional Comprehensive Economic Partnership (RCEP) agreement, expected to be signed on November 15 within the framework of the 37th ASEAN Summit in Hanoi, 

Enterprises need to be pro-active during the pandemic
Enterprises need to be pro-active during the pandemic
BUSINESSicon  13/11/2020 

Nguyen Bich Lam, former director general of the General Statistics of Vietnam, talks on what Vietnamese enterprises need to do to maintain their business production during the COVID-19 pandemic.

New regulations on cap on loan interest deductions released
New regulations on cap on loan interest deductions released
BUSINESSicon  14/11/2020 

The regulations on the cap on loan interest deductions will cause enterprises to face difficulty as they have small capital and operate mostly with borrowed money.

Black credit leading people to dead end, with no escape from debt
Black credit leading people to dead end, with no escape from debt
BUSINESSicon  12/11/2020 

Covid-19 has caused many people to lose jobs and has paved the way for black credit to emerge.

Pandemic causes bad debts to surge
Pandemic causes bad debts to surge
BUSINESSicon  12/11/2020 

Non-performing loans (NPLs) among commercial banks increased sharply in the first three quarters of this year due to the adverse impacts of the COVID-19 pandemic.

MoIT carries out solutions to boost domestic market growth
MoIT carries out solutions to boost domestic market growth
BUSINESSicon  11/11/2020 

The Ministry of Industry and Trade (MoIT) will promote domestic market consumption to contribute partly to enhancing socio-economic development.

VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 13
VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 13
BUSINESSicon  13/11/2020 

Hope for Vietnam's billion-dollar export industry at year’s end

Consumers in Asia-Pacific to benefit most from industry 4.0
Consumers in Asia-Pacific to benefit most from industry 4.0
BUSINESSicon  11/11/2020 

Shifting businesses and enterprises into an intelligent and connected virtual space is no longer an option but a necessity to survive, primarily due to the added pressure brought about by the pandemic, a study by Deloitte said.

 
 
 
Leave your comment on an article

OR QUICK LOGIN