18:23 | 28/06/2019 VGP - Hong Kong (China) topped the list of 95 countries and territories investing in Viet Nam in the January-June period, with a total investment of US$ 5.3 billion, making up 28.7% of the new foreign direct investment (FDI) inflows into the country. Hong Kong remains biggest foreign investor in VN The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment said foreign investors have poured a total of US$ 18.47 billion into Viet Nam, equivalent to 90.8% of that in the same period last year. This number includes newly registered capital, capital contributed and shares purchased by foreign investors. China and the Republic of Korea ranked second and third, with US$ 2.73 billion and US$2.29 billion, respectively accounting for 14.8% and 12.4% of the total FDI capital poured into Viet Nam in the period. In the reviewed period, the country granted investment licences to 1,723 new projects with a total registered capital of … [Read more...] about Hong Kong becomes biggest foreign investor in VN
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Hong Kong remains biggest foreign investor in VN
18:23 | 28/06/2019 VGP - Hong Kong (China) topped the list of 95 countries and territories investing in Viet Nam in the January-June period, with a total investment of US$ 5.3 billion, making up 28.7% of the new foreign direct investment (FDI) inflows into the country. Hong Kong remains biggest foreign investor in VN The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment said foreign investors have poured a total of US$ 18.47 billion into Viet Nam, equivalent to 90.8% of that in the same period last year. This number includes newly registered capital, capital contributed and shares purchased by foreign investors. China and the Republic of Korea ranked second and third, with US$ 2.73 billion and US$2.29 billion, respectively accounting for 14.8% and 12.4% of the total FDI capital poured into Viet Nam in the period. In the reviewed period, the country granted investment licences to 1,723 new projects with a total registered capital of … [Read more...] about Hong Kong remains biggest foreign investor in VN
Vietnam leverages foreign investors in SOE privatization
The Hanoitimes - Vietnam expects to speed up the privatization process which has been at slow pace over the past years. Progress of SOEs privatization remains far behind schedule Sluggish privatization affects Vietnam’s commitments in new FTAs Vietnamese SOE privatization is 85% below expectation Slow privatization hinders Vietnam from luring more foreign investment The State Bank of Vietnam has issued new regulations to further facilitate foreign investors in taking part in the privatization and divestment of State-owned enterprises (SOEs) in the country. The state has made a successful IPO of Dung Quat oil refinery. Illustrative photo Under Circular 03/2019/TT-NHNN regulating the use of foreign currencies by foreign investors in Vietnam, effective from May 13 this year, foreign investors will be able to put down deposits and collateral in foreign currencies when participating in auctions to purchase shares in SOEs. Accordingly, the new circular allows … [Read more...] about Vietnam leverages foreign investors in SOE privatization
January sees Japan top list of foreign investors in Vietnam
Kyoshin, Katolec Global Logistics, and Sews Components Vietnam II are among the three most notable investors from Japan as January saw them inject US$200 million into Vietnam, making up more than half of US$364 in Japan’s total FDI into the country. One notable project was by Japanese company Kyoshin Vietnam which raised investment capital by US$134.7 million in order to construct a factory specializing in manufacturing molding products and electrical spare parts. Others included a US$65 million logistics project funded by Katolec Global Logistics Vietnam in the northern province of Ha Nam and the US$64.89 million project funded by Hay Sews Components Vietnam II which saw a factory built in the northern province of Hung Yen. With investment coming in three major projects, Japan retained its leading position among FDI investors nationally during January, this was followed by the Republic of Korea (US$349.1 million), and China (US$307.8 million). During the course of … [Read more...] about January sees Japan top list of foreign investors in Vietnam
M&A offers big gains for foreign investors in Vietnam’s market
The Hanoitimes - According to experts, many foreign investors consider M&A the most effective and fastest way to penetrate and expand operations in the Vietnamese market. M&As in Vietnam’s banking industry to heat up in 2019 Vietnam’s M&A market forecast to thrive in 2019 Vietnam’s M&A market sees new chance in upcoming trade deals Foreign fashion giants set footprint in Vietnam through M&A Foreign investors enter Vietnam’s renewable energy industry through M&A Fine-tuning bottlenecks to lure more M&A in Vietnam's real estate Merger and acquisition (M&A) deals have helped many foreign investors enter the Vietnamese market rapidly to cash in on the potential outlet. Foreign investors earned big profits from acquiring Vinamilk’s stake Just a few months after acquiring the largest foreign stake in Vietnam’s Masan Group Corp for about US$470 million, South Korea’s SK Group saw initial … [Read more...] about M&A offers big gains for foreign investors in Vietnam’s market