Latest News about FIA
Vietnam offers big incentives to foreign investors to attract investments, but the benefits from FDI have been modest, experts say.
In the face of escalation of the US-China trade conflict, FDI to Vietnam will increase, with most of it coming from South Korea, China, Hong Kong and Taiwan.
Vietnam has the opportunity to become a new production base for the world amid the US-China trade war.
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.
Chinese investors are pouring money ino Vietnam as a shelter from the US-China trade war.
Japanese investment in the manufacturing and processing industries has bounced back after five years of decline.
As more Chinese expand their businesses in Vietnam, many domestic enterprises have become Chinese partners or have been taken over by Chinese.
A conference, titled ‘New vision, new opportunities for FDI in the new era’, is expected to take place on October 4 to review the 30-year period of attracting FDI.
Deputy PM Vuong Dinh Hue asked MOF to set up a mechanism to control the enterprises.
Chinese investment has generated jobs and brought capital, but it may also bring about environmental risks and cause problems in foreign worker management, experts say.
The Ministry of Planning and Investment (MPI) says it will change the current policy on attracting and using FDI and begin to offer investment incentives more selectively.