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Update news chinese investment in vietnam
The rise in the number of Chinese investors acquiring stakes in Vietnamese firms amid the Covid-19 pandemic has put domestic industry and production at risk, as domestic firms might gradually be pushed out of the market.
The Chinese Government has provided nonrefundable aid of 10 million Chinese yuan (US$1.4 million) for a feasibility study for the Lao Cai-Hanoi-Haiphong express railway project, according to the Ministry of Transport.
Signs of a slowdown in FDI have been recorded from two key markets, Japan and South Korea, though spikes have been seen from China despite projections that Vietnam would benefit from the Sino-U.S. trade war.
A large number of Chinese P2P companies in Vietnam have created unfair competition and caused confusion among customers, as some recruited Vietnamese as representatives.
Chinese investors are pouring money ino Vietnam as a shelter from the US-China trade war.
Chinese companies are accelerating investment in Vietnam – but some local businesses are voicing concerns.
Local authorities in Quang Ninh Province has just suspended the construction of a textile factory project of China’s Texhong Co., Ltd. as they failed to complete legal procedures.
National Assembly deputies have raised their concerns about the potential risks of soaring Chinese foreign direct investment inflows into Vietnam.
China is now not only Vietnam’s largest trade partner but also its largest foreign investor as it poured US$723.1 million into the country in the first quarter of the year, according to the General Statistics Office.
VietNamNet Bridge – The Trans-Pacific Partnership is expected to bring many advantages for Vietnam, especially for the textile-garment industry. However, the sudden increase of Chinese projects has triggered many concerns.