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
Chinese foreign direct investment
VietNamNet Bridge - Investment by Chinese enterprises in Vietnam under different modes, from FDI (foreign direct investment) to M&As (merger & acquisition), is on the rise amid the US-China trade war. Chinese goods may transit in Vietnam before heading for the US Nguyen Xuan Thanh from Fulbright Vietnam University said Vietnam needs to be cautious with “pretend Chinese investments”, or projects that are registered in Vietnam only to obtain legal Vietnamese status, which allow investors to avoid high taxes when exporting products to the US. Vietnam needs to be cautious with “pretend Chinese investments”, or projects that are registered in Vietnam only to obtain legal Vietnamese status, which allow investors to avoid high taxes when exporting products to the US. Other analysts also warned that if Vietnam cannot prevent the wave of Chinese goods that transit in Vietnam before going to the US it may bear punishments imposed by the US. … [Read more...] about How should Vietnam deal with ‘pretend Chinese investments’?
Chinese President Xi Jinping is welcomed by his Philippine counterpart Rodrigo Duterte. (Photo: VNA) Hanoi (VNA) – Chinese President Xi Jinping arrived in Manila on November 20, beginning his two-day state visit to the Philippines. This is the first visit to the Philippines by a Chinese head of state in 13 years. The Philippines is the last stop of Xi's three-country Asia-Pacific tour. Earlier, he visited Papua New Guinea, where he attended the 26th Asia-Pacific Economic Cooperation Economic Leaders' Meeting, and Brunei. Trade between China and the Philippines has increased significantly, but data shows mostly in China’s favour. Chinese exports to the Philippines grew 26 percent in the first nine months of 2017 from the same period a year earlier, outpacing its imports from Manila, according to the central bank of the Philippines. Net foreign direct investment from China surged to 181 million USD for the first eight months of this year, from 28.8 million USD for all … [Read more...] about Chinese President begins State visit to Philippines
Illustrative image (Source: Internet) Kuala Lumpur (VNA) - Malaysia's new approved direct investments in the services, manufacturing and primary sectors rose 17.7 percent year-on-year to 80.2 billion ringgit (about 19.18 billion USD) in the first half of 2018, according to data released by the Malaysian Investment Development Authority (MIDA) on October 29. The MIDA said that the money comes from 2,346 projects which are expected to generate 60,181 job opportunities for Malaysians. The domestic investments which contribute 67 percent to the total approved investments, expanded 10.5 percent year-on-year to 53.7 billion ringgit. Meanwhile, foreign investments grew 35.3 percent year-on-year to 26.5 billion ringgit, mainly driven by investments in the manufacturing and primary sectors. The services sector remains a key driver, with its approved investments standing at 50.9 billion ringgit. The approved investments for the manufacturing industry increased 21.2 percent … [Read more...] about Malaysia’s new direct investments hit 19.18 billion USD in H1
Vietnam faces high risk of Chinese products bearing made-in-Vietnam labelsBy Minh Tam Wooden furniture on display at an exhibition in HCMC - PHOTO: MINH TAM HCMC – Vietnam may face United States tariffs on its products if Chinese goods shipments are allowed to enter the country to disguise their origin due to the ongoing U.S.-China trade conflict, economic experts warned at a seminar today, October 24. Under the theme “The U.S.-China trade war: Prospects and risks for Vietnamese import-export enterprises,” the seminar was co-organized by the Vietnam International Arbitration Center (VIAC) and the HCMC International Integration Support Center in HCMC to highlight a series of risks, opportunities and suggestions for local authorities and enterprises. Speaking at the seminar, Nguyen Xuan Thanh from Fulbright University Vietnam said Vietnam was currently the only among the United States’ five major goods exporters to have yet to incur a tariff imposition … [Read more...] about Vietnam faces high risk of Chinese products bearing made-in-Vietnam labels