fdi in vietnam
FDI enterprises have been gradually recuperating from the coronavirus outbreak thanks to the assistance from local authorities and the government’s efforts to contain the pandemic.
Foreign investors still pay great attention to Vietnam albeit the complicated developments of the acute respiratory disease caused by Covid-19 which started to hit the world earlier this year.
Despite a range of improvements, the latest draft amendments to the Law on Investment 2014 retains several concerns among both domestic and overseas investors, who are urging for further changes ahead.
Industrial zones (IPs) and economic zones (EZs) attracted 397 foreign direct investment (FDI) projects with estimated registered capital of US$10.1 billion in the first nine months of this year.
The best companies in the US, Europe and Japan are not picking Vietnam but Malaysia, Indonesia and Thailand, where developed supporting industries and highly-qualified human resources are already in place.
Vietnam ranks among the top 3 rice and coffee exporters in the world, and its vegetable and fruit exports are expected to reach $10 billion prior to 2025.
More than 80 percent of strikes in the first half of the year occurred at foreign direct investment (FDI) enterprises.
Vietnam attracted a total of US$7.5 billion in fresh investments from China, including Hong Kong, in the first half of this year, which is more than 30% higher than in all of 2018.
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.
The influx of multinational corporations into Vietnam will help the country become more attractive to many other foreign components suppliers and solidify its position as a global manufacturing hub.
Chinese companies are accelerating investment in Vietnam – but some local businesses are voicing concerns.
The country plans to need about US$480 billion for infrastructure investment by 2020, with additional projects in the pipeline including about 1,380 km of highway and around eleven power plants.
Minister of Planning and Investment Nguyen Chi Dung has pledged to consistently facilitate capital inflows into the country’s innovation ecosystem.
Vietnam has outpaced regional peers in attracting foreign investment over the last years.