Raymond Mallon How has foreign direct investment (FDI) made an impact on Vietnam’s economic growth over the last 30 years? Living in Vietnam over these decades, I have seen FDI help transform Vietnam from a low-income, commodity-based economy to an increasingly more dynamic mixed economy via the transfer of technology, capital, skills, know-how, and access to international markets. This has helped accelerate growth in productivity, incomes and living standards, and resulted in an unprecedented reduction in poverty levels. The economy has become more diversified with a shift from dependence on unprocessed commodities, to assembly and production of more sophisticated goods. FDI has also helped to build quality tourism, education, and health services. More generally, FDI is helping enhance the visibility and reputation of made-in-Vietnam products and services in international markets. FDI has also helped increase tax revenues, helping Vietnam move towards more sustainable … [Read more...] about Higher quality FDI flows to spur prosperity for all
VietNamNet Bridge - Economists believe that Vietnam has learned lessons from the 2007-2008 period when Vietnam officially joined the WTO (World Trade Organization). Foxconn is considering setting up a factory in Vietnam Nikkei news on December 16 reported that more textile & garment companies were relocating to Vietnam and Bangladesh to avoid US sanctions against China. The latest report by PwC showed that Vietnam has surpassed China as the economy with the highest capability of attracting FDI next year. The latest report by PwC showed that Vietnam has surpassed China as the economy with the highest capability of attracting FDI (foreign direct investment) next year. RELATED NEWS Vietnam surpasses China in FDI prospects China-US trade war may divert FDI flows to VN Mai Lan … [Read more...] about Will Vietnam be able to absorb FDI flow diverted from China?
The Viet-Pan Techno Park, invested by Japan, in Nha Be district of HCM City (Photo: VNA) Hanoi (VNA) – Foreign direct investment (FDI) in Ho Chi Minh City rose sharply in the last nine months, with 5.47 billion USD poured into the southern economic hub over the period, up 50 percent year on year. The property sector received 20.2 percent of the FDI capital. The FDI flow mostly came from the Republic of Korea (28.1 percent), Singapore (25.7 percent), Norway (11 percent) and Japan (10 percent), according to the municipal People’s Committee. Between January and September, new and additional domestic capital registered in HCM City hit nearly 673.49 trillion VND (28.66 billion USD), up 11.2 percent from a year earlier. The figure included more than 372.43 trillion VND (15.85 billion USD) in 30,600 new businesses and 301 trillion VND (12.8 billion USD) added to existing firms. Real estate attracted the most capital in the period, with 40.7 percent Regarding the continuous … [Read more...] about FDI flow into HCM City surges 50 percent in first nine months
FDI flows remain strong in real estate, illustration photo According to Minister of Construction Tran Hong Ha, the real estate sector in Vietnam commands special attention among foreign investors. So far, Vietnam has attracted 26,646 projects with the total investment capital of more than $334 billion from 129 countries and territories, with the real estate sector consistently attracting the second-largest portion among the Vietnamese economic sectors. “The government has been highly appreciative of foreign investment and has been working to create more favourable conditions for them to invest in Vietnam,” Ha said at a recent international conference on real estate investment in Vietnam in Hanoi. Khanh Nguyen, associate director of the Capital Markets Division of JLL Vietnam, said that over the past 10 years, despite the ups and downs of the Vietnamese economy and the real estate market, foreign direct investment (FDI) inflows remained stable. According to the Foreign … [Read more...] about FDI flows remain strong in real estate
FDI flow into Vietnam’s real estate sustains stable growth. (Photo: VNA) Hanoi (VNA) – Despite several ups and downs over the last decade, the flow of foreign direct investment (FDI) into Vietnam’s property market has managed to sustain stable growth. As of July 2018, real estate had held onto its spot of second place in terms of FDI attraction to various sectors, with 704 valid projects worth 56.3 billion USD, according to the Foreign Investment Agency of the Ministry of Planning and Investment. Khanh Nguyen, head of the capital market division in Vietnam at Jones Lang LaSalle (JLL), said that Vietnam, as an economy with fast and stable growth, has become a magnet for foreign investors. Asian investors, including those from Japan, the Republic of Korea, Singapore, and China, currently make up 73.9 percent of total FDI poured into its industries, including real estate. Notably, the FDI flow into local real estate grew continuously between 2015 and 2017, compared … [Read more...] about FDI flow into Vietnam’s real estate sustains stable growth