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Update news FDI
As Vietnam strongly promotes private investment in transport infrastructure with a number of potential initiatives in the pipeline, more openings may become available for American investors.
As Vietnam is striving to attract more private and foreign investment in the healthcare sector, US pharma giants are continuing to reinforce moves to expand in Vietnam to tap into the growing healthcare demand in the country.
Investment from the United States is expected to flow more strongly into Vietnam in the fields of digital economy, green energy, and healthcare.
Vietnam has witnessed big strides with the major contributions from foreign investment, while the government vows to continue creating the best conditions for investors to perform in the country.
Vietnam’s BB Group and the US’s Quantum Group will jointly develop a gas industry centre and a seaport in Quang Tri, according to an agreement signed by the two corporations and the provincial People’s Committee in Dong Ha city on April 25.
A late adjustment in figures means Vietnam’s foreign investment results for 2021 are even brighter than initially reported.
According to latest data by the Foreign Investment Department, as of March 20, 2022, registered foreign investment capital into Vietnam reached over US$8.9 billion, or 87.9% of the amount compared to the same period in 2021.
The number of foreign-invested (FDI) firms doing business at a profit in 2020 accounted for only 40.2%, while 56% reported losses.
Driven by rising tech acceleration, foreign-invested manufacturers in Vietnam are facing challenges in hiring the needed talent for growth, with digital skills being among the highest demands.
The recovery of all tourism activities after more than two years of being ravaged by COVID-19 has also opened up an opportunity to attract foreign investment into the tourism sector, especially resort real estate.
In the year to March 20, Vietnam had attracted US$8.91 billion in foreign investment, down 12.1% year-on-year. However, the disbursed foreign investment had reached the highest level since 2018, according to the General Statistics Office.
The Government has agreed to the proposal sent by the Ministry of Planning and Investment on the development criteria to attract Foreign Direct Investments (FDI) into the country.
Disbursed foreign capital reached over US$1.6 billion in January, up 6.8% year on year. This is a good sign for Vietnam as it has received more attention from foreign investors, with the expectation of becoming the world's new production center.
Experts said that Vietnam’s policy to lure foreign investment in the past 30 years has not been as successful as expected because it has been too easy and not binding.
A number of investment projects worth billions of dollars have been registered, which shows continued growth of the economy and the industrial real estate sector.
Despite adverse COVID-19 impacts on the global economy, Vietnam’s selective investment attraction policy with priority to high-quality projects has proved effective, according to experts.
Investment capital from the US is expected to flow more strongly into the fields of digital economy, green energy, and healthcare.
Local restaurant chain owner, Golden Gate Joint Stock Company has announced the transfer of 35.95 percent of shares to a group of three new stakeholders from Singapore.
Foreign investors are pouring capital into Vietnam's logistics market to seize development opportunities after the pandemic.
Despite revenue increases and large investment scale, Shopee and Airpay still reported losses in 2020. The two enterprises paid only billions of dong to the state budget, according to the Ministry ò Finance.