foreign investment in vietnam
Latest News about foreign investment in vietnam
As a promising land for foreign direct investment, Vietnam could grow into the most advanced country in the region – as long as more flexible mechanisms in granting special incentives to large-scale projects are realised.
As many as 12 cities/provinces have not seen new FDI projects this year, reported Saigon Times.
Up to 12 provinces in Vietnam did not record any new foreign direct investment (FDI) projects during the first seven months of this year, according to a report of the Foreign Investment Agency under the Ministry of Planning and Investment.
The 'new normal' is accelerating the trend of foreign investors relocating production lines to Vietnam, according to Bizlive.
Samsung Electronics will end personal computer production in China as it looks to shift production to Viet Nam to cut costs and remain competitive in the PC business, according to the Nikkei Asian Review.
Analysts believe that ThaiBev, the biggest shareholder of Sabeco, will be the likely buyer of the shares.
Foreign investors are making new investments moves into Vietnam on the back of supporting policies and new rules. However, as some legal concerns remain, the development of the next steps still requires some preparation.
Despite the impact of the Covid-19 pandemic, new foreign investment approvals in Vietnam reached some US$18.8 billion between January and July, inching down by a mild 6.9% year-on-year.
Once the proposal of the Ministry of Industry and Trade (MoIT) is approved, the petrol and oil trading scene may see more foreign players.
Vietnam is expected to attract 15 Japanese firms of different sizes that will receive Japanese government’s subsidies to shift manufacturing plants out of China to diversify its supply chain.
With a growing number of multinationals looking to set a foothold in Vietnam, the country is having a great opportunity from a new wave of foreign investment, according to the trade ministry.
FDI inflows to HCM City rose to nearly 70 million USD in the first quarter of 2020 thanks to the gradual redirection of investment flows due to COVID-19.
Over the past few decades, many companies worldwide have come to China, seeking a place to set up production bases and do business as they were lured by the country’s low labour costs and enormous domestic consumer market,
Vietnam is expected to see a new foreign direct investment (FDI) wave as more foreign companies plan to move investment into the country.
Recent analyses by the World Bank indicate that Vietnam will be one the few countries in the entire world to experience positive economic growth in 2020.
With the novel coronavirus pandemic and trade tensions driving the shift of production lines from China to Southeast Asia, Vietnam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike.
The Politburo has issued Resolution No.50/NQ-TW on August 20, 2019, outlining directions to perfect institutions and policies to improve foreign investment efficiency and cooperation until 2030.
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.