Illustrative image (Source: VNA) Hanoi (VNA) – Foreign direct investment (FDI) registered in Vietnam during the first quarter of 2019 hit the highest level since 2016, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. As of March 20, foreign investors had registered 10.8 billion USD in new and additional capital and capital for buying shares of domestic firms, up 86.2 percent year-on-year. This included 3.82 billion USD for 785 new projects, rising by 80.1 percent. However, capital pumped into existing projects, at nearly 1.3 billion USD for 279 existing ones, was equal to only 72.5 percent of the figure in the corresponding period last year. About 5.68 billion USD, or 52.6 percent of the total figure, was registered to buy shares, three times the figure of one year ago. Foreign investors poured money into 18 sectors, with 8.4 billion USD or 77.7 percent channelled into processing and manufacturing. Real estate (778.2 million USD) … [Read more...] about Q1 foreign direct investment inflow hits four-year high
Foreign direct investments fdi
Foreign direct investment in Vietnam expected to surge
Vietnam is expected to see a surge in foreign direct investment (FDI), thanks to various factors such as free trade agreements, the trade war between China and the United States on Vietnam, and stronger interest in merger and acquisition (M&A) transactions, reported Nguoi Lao Dong newspaper. An employee at a foreign-invested firm in Long Hau Industrial Park in the southern province of Long An – PHOTO: NLD Many financial experts considered the second summit between U.S. President Donald Trump and North Korean Chairman Kim Jong Un, held in the capital city of Hanoi on February 27-28, an opportunity for Vietnam to score points with potential investors. They noted this event was the next success in the country’s international integration efforts. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership came into effect early this year, and the European Union-Vietnam Free Trade Agreement is expected to be signed soon. These factors are likely to provide … [Read more...] about Foreign direct investment in Vietnam expected to surge
Foreign direct investment pledges exceed US$10 billion in five months
Foreign direct investment (FDI) pledges in the first five months of 2016 reached US$10.159 billion, up 136.4% over the same period last year, the Foreign Investment Agency (FIA) reported. Hanoi Chairman Nguyen Duc Chung grants an investment licence to Samsung. As of May 20, licences had been granted to a total of 907 new projects with foreign investors pledging to pour in US$7.56 billion, while an additional US$2.59 billion was committed to currently active projects. FDI disbursement in the January-May period was estimated at US$5.8 billion, up 17.2% year-on-year. Export revenues by the foreign sector, including oil companies, hit US$48.263 billion, up 7.7% and accounting for 71.28% of Vietnam’s total exports, while imports fell 1.9% to US$39.155 billion. According to the FIA, manufacturing remained the most attractive industry to foreign investors, making up nearly two thirds of new and additional pledges, followed by the information and communication sector. The … [Read more...] about Foreign direct investment pledges exceed US$10 billion in five months
Binh Duong sees US$21.5bil in foreign direct investment
Binh Duong draws investors’ attention in Belgium Chinese businesses keen on investing in Binh Duong Licenses granted to 28 FDI projects in Binh Duong He said foreign direct investment (FDI) capital in the southern province was estimated to exceed US$1 billion this year. The provincial Department of Investment and Planning said the FDI projects had an average capital of less than US$10 million each, and the largest among them was a US$1.2-billion real estate Binh Duong New City project, invested by Japan's Tokyu Corporation. About 12,370 firms received business licences between 2010 and 2015, raising the total number of local companies to nearly 19,640, a two-fold increase from the beginning of the decade. The total registered capital increased to more than VND146 trillion (US$6.7 billion), 2.2 times higher. During the period, the total investment in the province reached VND263 trillion (US$12.06 billion), 8% of which was contributed by the state budget, while … [Read more...] about Binh Duong sees US$21.5bil in foreign direct investment
Foreign direct investment picks up nearly 41%
Total foreign direct investment (FDI) in Vietnam reached US$11 billion from the outset of the year, a year-on-year surge of nearly 41 percent, said the Foreign Investment Agency under the Ministry of Planning and Investment (MPI). More than 39,580 enterprises were set up in the first five months of the year with total registered capital of nearly VND370 trillion (US$16.3 billion), up 14% in number of newly-established businesses and 48.9% in capital year-on-year. The MPI said that the business climate and competitive and business development had improved. Nearly US$5 billion in FDI capital was disbursed in the period, 3.2% higher than the same time last year. The Republic of Korea ranked first in capital disbursement, followed by Japan and Singapore. The rapid increase of FDI in Vietnam was spurred by several large-scale projects approved in March. Notably, Samsung Display project got expansion approval in Bac Ninh province with additional investment of US$2.5 billion. This pushed … [Read more...] about Foreign direct investment picks up nearly 41%