Foreign investment in Vietnam surgesBy Hung Le Workers at a foreign-invested enterprise in Long An Province - PHOTO: HUNG LE HCMC - New foreign investment approvals in Vietnam during the year to January 20 reached US$1.9 billion, rocketing by 51.9% year-on-year, according to the latest report by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. As of January 20, up to 226 new projects obtained investment certificates, with total registered capital of some US$805 million, surging by 81.9% year-on-year. In addition, 72 foreign-invested projects won approval to inject an additional US$340.2 million, equal to 74.5% of the figure in the same period last year. In addition, foreign investors acquired local company shares worth US$761.8 million in 489 transactions, surging 114% over the year-ago period. According to the Foreign Investment Agency, foreign investors injected capital into 18 sectors, of which the manufacturing and processing sector was … [Read more...] about Foreign investment in Vietnam surges
Foreign investment in vietnam
More reforms urged to encourage foreign investment in Vietnam’s real estate market
The Hanoitimes - The Law on Housing and the Law on Real Estate Business have partially lifted the barriers for foreigners investing in Vietnam’s real estate market and thus opened the floodgate for foreign investment in the sector. Though the government’s policies have contributed significantly to raising the interest of foreign investors in the Vietnamese real estate sector in recent years, experts suggested revisions are needed to make the market more attractive to the investors. There is still room for improvement to boost the growth of the local real estate market According to experts, the Law on Housing and the Law on Real Estate Business have partially lifted the barriers for foreigners investing in Vietnam’s real estate market and thus opened the floodgate for foreign investment in the sector. Kevin Hawkins, Co-executive partner of ZICO Law Vietnam, said though the new laws have brought about changes which are welcomed by foreign investors and … [Read more...] about More reforms urged to encourage foreign investment in Vietnam’s real estate market
Foreign investment in Vietnam’s real estate rising: CBRE
The Hanoitimes - Foreign buyers accounted for 50% of all successful residential deals, meaning that they are not merely entering Vietnam to set up operations but they are committed to keeping their money here. Foreign investment in Vietnam’s real estate market has been on the rise over the past three years, mostly from Japan, South Korea, and Singapore, CBRE (Vietnam) Co., Ltd said in the latest press release. Ilustrative photo Home to Asia’s second largest retail market in 2018, Vietnam has witnessed increasing merger and acquisition (M&A) transactions championed by deals in property development sites, followed by hotels, apartments, and offices. Notably, developers from Singapore, Japan and South Korea have favored development sites in downtown areas and within close proximity to metro line stations. In retail market, prime retail and office space in Hanoi and Ho Chi Minh City remains much sought after due to the increasing presence of … [Read more...] about Foreign investment in Vietnam’s real estate rising: CBRE
Foreign investment in Vietnam’s education on the rise
The Hanoitimes - Vietnam’s Ministry of Education and Training (MoET) has made efforts to review and amend investment incentive policies and crafted a specific mechanism to encourage the operations of non-profit foreign-invested training units. As a country with a high demand for education at international standard institutions, Vietnam has seen a steadiy increase in the number of foreign-invested projects in the education sector in recent years, local media reported. Attracting foreign investment into the education and training sector has garnered special attention from the Vietnamese government over the past few of years. Five years since the government’s Decree No.73/2012 came into force, regulating foreign investment in the field of education, the number of foreign investment projects in education has more than tripled from 111 in 2012 to 374 in 2017. Currently, nearly 20,000 kids are enrolled at diverse foreign-invested education facilities from the preschool to the … [Read more...] about Foreign investment in Vietnam’s education on the rise
Legal complications remain for foreign investment in Vietnam infrastructure
Vietnam’s infrastructure has struggled to keep up with its robust economic and population growth. Rapid economic growth and urbanization are driving demand for roads, power, airports, ports, waste and water treatment, hospitals, and other public infrastructure for goods and services. Meanwhile, public funding is unable to meet these needs. The gap would have to be made up from other sources including private investment in the form of public-private partnerships (PPPs). To put it simply, the public sector has the ‘users’ (or customers) and land and can provide other incentives such as tax breaks. The private sector can bring in technology, capital and efficiency through experience. Other countries have successfully implemented PPPs. In Vietnam, a number of tools have been created to assist the government in its support for PPPs, aiming to create a much improved legal framework for PPP to revitalize investment in infrastructure projects. Legal issues update The … [Read more...] about Legal complications remain for foreign investment in Vietnam infrastructure