A total 38.02 billion USD of foreign direct investment (FDI) was poured into Vietnam this year to December 20, a 10-year high, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

At a Korean company in Vietnam.

The amount, representing a 7.2 percent increase on a yearly basis, included newly registered capital, additional capital to existing projects, and share purchase by foreign investors.

Hong Kong (China) came close behind the RoK with 7.87 billion USD, ranking second among 125 countries and territories investing in Vietnam. The amount included 3.85 billion USD spent on shares of the Vietnam Beverage Ltd Co in Hanoi.

Third was Singapore with 4.5 billion USD, followed by Japan and China. It is noteworthy that investment from China showed a rising trend, with a 1.65-times increase.

Hanoi absorbed the largest share of the FDI flow with 8.45 billion USD or 22.2 percent of the total figure. It was followed by Ho Chi Minh City with 8.3 billion USD.

The disbursement of FDI capital also reached a record of 20.38 billion USD.

Vietnam’s start-up landscape attractive to Korean investors

A series of seminars and business-to-business matching events were held in Seoul and Busan port cities, the Republic of Korea (RoK) during November, within the framework of the Techfest Vietnam 2019.

North-South Expressway projects receive applications from 32 investors

The management boards of the North-South Expressway’s sub-projects have received applications from 32 domestic investors and joint ventures.

Transnational expressway investor selection to take until August 2020

Switching from an international to a domestic tendering process for the North-South Expressway means the investor selection will take at least until August 2020 to complete.

Bac Giang supports investors in processing and preservation facilities of farm produce

(BGO) – The enterprises investing in the processing and preservation facilities of farm produce in the northern province of Bac Giang will be supported.

Vietnam remains attractive to Japanese investors

Vietnam has been an attractive destination for Japanese investors and experts predicted that more Japanese firms will come to do business in the Southeast Asian country thanks to its economic growth and integration advantages.

Source: VNA