The Hanoitimes - Vietnam is Canada’s largest trading partner in ASEAN, while the latter is Vietnam’s 14th largest investor with 174 projects worth US$5 billion. Ambassador: Vietnam, Canada pose to great potential for cooperation Hanoi looks to tap cooperation potential with Canada Vietnam’s FDI commitments reach record high of US$10.8 billion in Q1 Vietnam aims to promote trade ties with Chile, Canada: PM Deputy Prime Minister Pham Binh Minh has suggested Canada diversity investments in Vietnam, as over 90% of the latter’s investment capital has been poured into Vietnam’s real estate sector, the governmental portal reported. Vietnam's Deputy Prime Minister Pham Binh Minh and Canada’s Ambassador to Vietnam Deborah Anne Paul. Source: VGP. Minh made the statement at the meeting with Canada’s Ambassador to Vietnam Deborah Anne Paul on April 4. As of present, Canada is Vietnam’s 14th largest investor … [Read more...] about Canada expected to diversify investments in Vietnam
Fdi investment in india
The Hanoitimes - Effective regulations and incentives should be taken to lure FDI capital inflows into the country’s transport infrastructure as the sector is showing less attractive to foreign investors due to policy bottlenecks, experts said. Vietnam is in dire needs of private investment, especially from foreign funds, to complete many important transport projects as the state cannot afford it. Vietnam needs US$48 billion to develop transport system from now to 2023 Between now and 2020, the country expects to finish construction of about 654 kilometers out of 1,300 kilometers of highway. It also considers the building of many new roads and hi-speed railways to get connected with ASEAN, Great Mekong Sub-region (GMS) and trans-Asia road systems, while paying attention to airport development, including the construction of Long Thanh International Airport with capacity of 100 million passengers and 5 million tons of cargo in the southern province of Dong Nai. The … [Read more...] about Policy leverage to direct FDI capital in Vietnam’s transport infrastructure
According to the Vietnam Textile and Apparel Association, since the beginning of this year, a number of large FDI projects in the textile and garment sector have been granted investment certificates and preparations are underway for construction to begin. In Binh Dinh Province, the Delta Galil Vietnam textile-dyeing-garment plant invested in by Delta Galil Industries Ltd and based on an 18,000sq.m area in Cat Trinh Commune, Phu Cat District is under preparation for construction. With total investment of US$13 million, the plant will specialize in manufacturing fibers, shuttle-woven fabrics, textile products, knitted, crocheted and non-woven fabrics, clothing, knitwear, and crochet works. In Quang Nam Province, some large projects such as the One Woo Garment Factory based in the Ha Lam-Cho Duoc Industrial Zone with US$6 million of Korean investment, and the PanKo Tam Thang Company’s US$30 million Tam Thang Dyeing, Textile and Garment Factory based in the Tam Thang … [Read more...] about FDI increases in textiles and garments: Good news or concern?
Of the 110 foreign direct investment (FDI) projects Vietnam has attracted in the field of electricity and gas production, 16 are in green energy, with total registered capital of $778 million, accounting for 14.5 per cent of project numbers and 6 per cent of total registered capital, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment. The average size of each green energy project is over $48 million, or $13 million higher than the average for each FDI project, but much lower than the size of the average capital for a project in the electricity industry, of about $115 million. In 2009, there were two FDI projects in the energy industry, with total registered capital of $90.5 million. FDI in the field fell in 2013 then increased gradually in 2014. In 2015, registered capital stood at over $356 million. In terms of project scale, wind-generation power attracted the most attention among foreign investors, with total registered capital of $577 … [Read more...] about $778mn invested in green energy projects
New-generation FDI attraction strategy focuses on hi-tech sectors Vietnam has so far achieved remarkable outcomes in FDI attraction. FDI capital has increased by nearly 1,000 per cent over the last ten years. FDI value per capita has exceeded China, India, and all big ASEAN countries, excluding Malaysia. FDI capital in 2017 has nearly doubled in comparison to 2014. However, processing and manufacturing projects, which create low added value, wages, and weak spillover effects, have been dominating the FDI scene with huge total investment value. As a result, the Foreign Investment Agency (FIA) has just announced the draft of the new-generation FDI attraction orientation and strategy for 2018-2030, when Vietnam cannot actively promote investment in all sectors at the same time, so Vietnam needs to select priority sectors and concentrate resources in order to gain preferable outcomes as well as protect the environment, save energy, and strengthen linkages with domestic firms. Thereby, … [Read more...] about Education and healthcare among priority FDI sectors in 2018-2030