Connect with us

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.

Avatar

Published

on

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.

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

India

Thailand woos Southeast Asian tourists with shopping campaign

The programme called “Give Me Five” is set to increase shopping among tourists from Cambodia, Laos, Myanmar and Vietnam (CLMV) along with Indonesia, Malaysia and India.

Boris Sullivan

Published

on

The Tourism Authority of Thailand (TAT) has launched a new marketing campaign with the hope of luring 200,000 visitors from seven growing markets in Asia.

(more…)
Continue Reading

Trade

Opportunities in Cross-Border Logistics to Vietnam

Cross-border trade has become increasingly important for Thai economy, especially given that Vietnam, as a main cross-border trade partner, contributes over 60% of Thailand’s total cross-border trade.

Avatar

Published

on

iStock-648248614.jpg

Cross-border trade between Thailand and Vietnam tends to grow by approximately 30%CAGR over the next 3 years.

(more…)
Continue Reading

Asean

Saigon Innovation Hub joins ASEAN startup programme

The Saigon Innovation Hub (SIHUB) has been appointed by the government of Malaysia as the only representative of Vietnam to join the ASEAN startup programme.

Avatar

Published

on

The Saigon Innovation Hub (SIHUB) has been appointed by the government of Malaysia as the only representative of Vietnam to join the ASEAN startup programme.

(more…)
Continue Reading

Most Read

Upcoming Events

Sep 19

ASEAN (Bangkok)Toys and Preschool Expo

September 19 @ 10:00 am - September 21 @ 7:00 pm BMT
Oct 16

GovInsider Live

October 16 - October 17
Nov 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT
Dec 05

The Healthcare+ Expo Taiwan

December 5 @ 9:00 am - December 8 @ 5:30 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 11,077 other subscribers

Trending