#vietnam investment

Vietnam is rapidly establishing itself as a key economic hub in Southeast Asia, delivering some of ASEAN’s strongest GDP growth as the government pushes industrial reforms, accelerates infrastructure development, and steers the economy towards a greener growth model.

Vietnam attracted nearly 20.21 billion U.S. dollars in Foreign Direct Investment (FDI) from the start of this year to Sept. 20, a year-on-year growth of 7.7 percent.

There were 38,379 valid foreign-invested projects in Vietnam with a total registered capital of 455.06 billion USD as of September 20, reported the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

PSNews - A conference themed “Strong Investment Partnerships for a Thriving Vietnam” held on May 15 has gathered government officials, senior economists, international organisations, and the business community to discuss foreign investment inflows in Vietnam.

As of September 20, registered FDI totalled 18.7 billion USD, down 15.3% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).

The Vietnamese Government is willing to listen to opinions from Singaporean businesses and wishes they would do long-term business in the country, Prime Minister Nguyen Xuan Phuc has said.

 Vietnam has become more attractive to foreign investors than ever before as various freshly-inked new-generation free trade deals, including the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), are expected to facilitate trade and benefit foreign enterprises.

Many European businesses said Vietnam would be a feasible investment destination after the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) come into force, Helena Konig, EU chief negotiator and Deputy Director General for European Trade, said on June 28.

PSNews - 2018 saw a big success of Vietnam in attracting foreign investment with a total foreign direct investment (FDI) of 35.46 billion USD. Especially, the disbursed FDI reached a record in 2018 of 19.1 billion USD, up by 9.1 % compared to the previous year.

The biggest winners across APEC for foreign investment will be Vietnam, China, the US, Australia and Thailand, with Vietnam holding the top position for the second consecutive year, according to PwC survey.

A huge influx of foreign direct investment (FDI) is making its way into the fields of mechanical engineering, and manufacturing and processing, which are expected to fuel the supporting industry in the coming years if Vietnam issues effective policies, industry insiders have said.

The Republic of Korea (RoK) poured US$2.32 billion in Vietnam in the first four months of 2018, making up nearly 30% of the inflow of investment in the Southeast Asian country.

Cosmoproject, an Italian cosmetics brand, plans to expand its investment and sales network in Vietnam.