FDI

Update news FDI

Half of remittances channeled into business operations

 VietNamNet Bridge – Incoming remittances last year stood at around US$12 billion with 46% of it going to production and business operations, nearly 36% to expenses and the remainder to savings and health services,

BUSINESS IN BRIEF 5/2

 Opportunities await local firms to boost exports stateside; Fuel price stabilization fund hits record high; CBU imports from China triple last year; Industrial production up 10 per cent; Minister seeks to calm producers as Vietnam opens markets

International investors hunt high and low for land in HCM City

VietNamNet Bridge – Foreign investment funds and real estate developers have been looking for cleared land to purchase as the property market is expected to heat up in 2015.

What are the effects of overseas remittances on the Vietnamese economy?

If Vietnam uses overseas remittances to its benefit, they could be a powerful driver in the development of the national economy. Conversely, the economy could be put under pressure if they are not deployed effectively.

BUSINESS IN BRIEF 3/2

 Domestic demand for U.S. apples drops; JICA provides additional JPY36.4 billion to improve power supply; Export turnover hits nearly 13 bln USD in January; Vietnam trade deficit swells in January

BUSINESS IN BRIEF 2/2

HCM City banks urged to slash bad debt; New FDI approvals surge 67% in January; Vietnam companies dragged down by old technology; Banks speed up lending ahead of Tet; ANZ: Vietnam consumer confidence drops slightly

BUSINESS IN BRIEF 31/1

 Mercedes-Benz to invest $20m in Viet Nam; SeABank offers soft loans; S Korean firms favour Viet Nam; Standard Chartered ups GDP forecast; Rice traders to expand sources; January business shutdowns up 23%

FDI hit US$663 million in January

 By January 20, foreign businesses had invested US$392.18 million in 44 new projects and US$271.26 million in 19 existed ones, a year-on-year increase of 67.1%.

Vietnamese tycoons pour money into overseas projects

VietNamNet Bridge – More and more wealthy Vietnamese businesspeople have been looking for investment opportunities overseas, but the results have been less than satisfactory.

BUSINESS IN BRIEF 24/1

 FDI firms contribute more to export growth; Consortium seeks to build wastewater treatment plant; Online trading must pay taxes from Jan 20; Second-home segment bouncing back; Bank credit swells in two largest cities

State - enterprise relations and industrial growth in Vietnam

 VietNamNet Bridge - Industrial development of Vietnam has been a success but it has been proceeding at a slower level in recent years.

Local authorities vie for Samsung investments

VietNamNet Bridge – Economists have repeatedly called on local authorities to give preferential policies to Samsung, one of the biggest investors in Vietnam.

Labor Code regulations contain confusing rules on salary, work permits

VietNamNet Bridge – The 2012 Labor Code which took effect on July 1, 2013 remains confusing to many businesses due to unclear language.

Vietnam urged to carefully consider new foreign textile/garment projects

VietNamNet Bridge - Local authorities have been warned to think carefully before welcoming more foreign textile and garment investors, as they could likely suffer in the future.

Big Tet bonuses expected this year, despite recession

The highest Tet bonus in Hanoi is expected to be VND86 million, offered by a foreign invested enterprise, while the figure is VND583 million in HCM City, according to local labor departments.

Open policies await businesses in 2015

The business environment in Vietnam is expected to be more open in 2015 with a number of new policies that will take effect.

BUSINESS IN BRIEF 17/1

HCM City extends FDI project licences; National agency to check SOE health; Ministry steps in on dairy dispute; National Assembly should tighten Uber taxi controls; Businesses called to invest in telemedicine

Big tycoons spread their wings in essential-goods market

VietNamNet Bridge – Businesses have been mobilizing capital from all possible sources to pour into essential goods manufacturing projects and existing manufacturers have been scaling up their business.

More Thai companies eye Vietnam market

VietNamNet Bridge – Three months ago, BJC, the group of billionaire Charoen Sirivadhanabhakdi, the third richest businessman in Thailand, announced a deal of to take over Metro Cash & Carry Vietnam.

Why has Parkson Keangnam in Hanoi closed?

Analysts believe that the Malaysian retailer Parkson has had to shut down one of its shopping malls in Hanoi because it has been taking a loss over the last few years. But other sources say the reason is a “three-party civil dispute”.