Vietnam

Rinding the new FDI wave that comes with TPP in Vietnam

Don Lam, chief executive officer and founding partner at VinaCapital, discusses the outlook for the Vietnam dong, foreign direct investment and the impact of the TPP in Vietnam.

Published

5 years ago

December 5, 2015

Bui Dung

There appears to be a consensus that the Trans-Pacific Partnership (TPP) will bring strong inflows of foreign investment into Vietnam.

In its latest forecast about the TPP’s impacts on Vietnam, the Hanoi-based Vietnam Institute for Economic and Policy Research said the country will see the biggest increase in foreign direct investment (FDI) thanks to the agreement, compared to the other 10 member economies.

Nguyen Mai, chairman of the Vietnam Association of Foreign Investment Enterprises, said he strongly believes that FDI will surge, possibly with the strongest inflows into the sectors of manufacturing, textile, electronics, and software outsourcing.

Mai said of all the TPP participants, the US seems to be the most eager to boost its investment in the country, considering that many of its businesses have recently come here to learn about local business environment.

TPP in Vietnam

“US investors will definitely rise to the top in Vietnam,” he said.

With 761 projects registered with more than $11 billion by August 20, the US is currently the seventh largest investor, according to the latest figures by the Foreign Investment Agency under the Ministry of Planning and Investment.

On the other hand, Mai expected an “unremarkable” rise in FDI flows from Japan, which is now already the second biggest investor after South Korea, with nearly $38 billion pledged for 2,725 projects.

Vietnam and Japan signed an economic partnership agreement in 2010, but since then investment from Japan has fluctuated, which means the new TPP may or may not help, he said.

Vietnam

Foreign capital still heads to Vietnam

As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.

Published

4 months ago

October 5, 2020

Bui Dung

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

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Trade

Why Vietnam Has Become a Promising Alternative for US Businesses in Asia

Vietnam Briefing discusses trends in the Vietnam-US relationship, growing economic ties, and how US businesses can leverage and benefit from moving their production to Vietnam.

Published

5 months ago

September 9, 2020

Headline Editor

Following four decades since the end of the Vietnam War, Vietnam’s relationship with the US has changed significantly.

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Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

Published

8 months ago

May 25, 2020

Bui Dung

The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

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