Workers at China’s AKA Homewares Company in the southern Long An Province. VNA/VNS Photo Danh Lam HÀ NỘI – Chinese companies are accelerating investment in Việt Nam – but some local businesses are voicing concerns. Foreign investment hit a four-year high of US$16.7 billion in the first five months of this year, up 69 per cent compared to the same period in 2018. Chinese investment made up 42.5 per cent of the total according to data released by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. If including Taiwan’s investment, Chinese investors poured nearly $7.7 billion in Việt Nam, surpassing South Korea, Singapore and Japan to become the biggest foreign investor. In its recent report, the FIA says the trade tensions between China and the United States has a significant impact on the shift of Chinese investment. Investments from mainland China and Hong Kong increased from $3.7 billion in 2017 to $5.8 billion in 2018 and $7.1 billion in the last five months. Previously, Chinese investors were mainly small businesses with out-dated technology but now many large corporations have funded large-scale projects. Five of the seven biggest foreign-invested projects in the last five… Read full this story
- Full Viet Nam-Cambodia Joint Statement
- T&T Supermarket’s new WeChat mobile payment platform taps into growing Chinese consumer power
- Grappling with China's growing power
- Italy Tells U.S. to Worry About Its Own Massive Debt to China and Stay Out of Its Business
- Chinese Security and Biometrics Firm to Move U.S. Headquarters to Alpharetta
- Investing tips: Secrets to financial planning that could make you rich
- Investing advice for a pro: You are apt to make bad financial decisions, so stick to a plan.
- Ambassador: Italy, a ‘Nation of Engineers,’ Looks for Ways to Bolster Investment into Georgia
- Major U.S. research universities are cutting ties with Chinese telecom giant Huawei
- China’s Demographic Danger Grows as Births Fall Far Below Forecast
Growing Chinese investment in Việt Nam: time to worry? have 311 words, post on vietnamnews.vn at June 17, 2019. This is cached page on Vietnam Colors. If you want remove this page, please contact us.