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Update news FDI
After more than 30 years of adopting an open investment policy, Vietnam has become one of the most successful countries in the region in garnering overseas funding.
Legislature discusses visa-free policy for foreigners entering certain coastal economic zones.
Hanoi continued to top the list of foreign direct investment destinations in Vietnam in the first 10 months of this year, raking in about 6.85 billion USD, most of which came in form of capital contributions and share purchase.
The National Assembly’s Foreign Affairs Committee has pointed out the main obstacles to investment by foreign investors in Vietnam and the Government’s management of foreign-invested firms.
A slowdown in export growth of the foreign-invested sector could have a negative impact on Vietnam’s economy in 2020, according to SSI Securities Corporation, Vietnam’s largest brokerage house.
Xiamen Port Holding Group has had a working session with the Ha Tinh People’s Committee, expressing its willingness to open the Vung Ang – Xiamen container route and develop a port in Vung Ang.
Seventy-three per cent of businesses from Hong Kong (China) expressed their intention to open additional factories in ASEAN countries, with Viet Nam coming out on top as their first pick.
Domestic and foreign investors are channeling more funds to the local water supply as water prices continue to rise.
The development of the industrial real estate market will have a positive impact on other market segments such as houses and offices for rent.
Many foreign businesses have recently visited Viet Nam with the desire to invest or expand their investments in the country.
The supporting industries are having fresh opportunities amid the inflow of foreign capital and orders into Vietnam. However, local enterprises have to overcome multiple challenges to be able to take advantage of such opportunities.
Vietnam was among the top ten investors in Cambodia as of 2018, with US$3 billion registered in more than 200 projects, according to data released at a press briefing yesterday in Can Tho City.
The foreign capital inflow into Vietnam through M&As soared in the first nine months of the year, raising concerns about an economic crisis like the one that occurred 10 years ago.
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.
The VND was expected to remain broadly stable against the USD over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust FDI inflows, dollar purchases by businesses, and a healthy foreign reserve position.
The investment capital keeps flowing to Vietnam, bringing concerns about the country's capability to absorb such a high level of capital resources.
Capital contributions and share purchases by foreign investors up in first ten months while new projects and capital fall, MPI report shows.
The losses incurred by state-owned enterprises (SOEs) from outward investment projects in 2018 reached $367 million, a sharp increase of 265 percent compared with 2017, a report shows.
Since the enactment of the Law on Foreign Investment in December 1987, one of the first achievements of ‘Doi Moi’, Vietnam has attracted FDI to its economy for over 30 years.
New foreign investment regulations will have a positive impact on foreign investors in Vietnam for the foreseeable future.