Strong FDI figures in 2018 mark the sixth straight record year, following a string of strong realised FDI capital figures, estimated at $17.5bn in 2016, $15.8bn in 2015 and $14.5bn in 2014.
Growing FDI inflows have buttressed strong economic growth in Vietnam, which was reported as 7.08% in 2018 by the MPI, following 6.8% growth in 2017, 6.2% in 2016 and 6.7% in 2015, as reported by Bloomberg.
“We are seeing a number of companies moving from China to Vietnam, including British companies. The model in China is becoming more expensive, so Vietnam is offering a cheaper model, especially in clothing and manufacturing,”
Peter Rimmer, head of the British Chamber of Commerce in Vietnam
Japan was the largest source country, with 429 newly granted FDI projects totalling $8.5bn, MPI figures show. South Korea came second from a capital expenditure perspective with 1043 projects totalling $7.2bn, followed by Singapore, Hong Kong and mainland China.
Companies from mainland China undertook 389 FDI projects in Vietnam in 2018, as manufacturing industries…
Realised FDI capital into Vietnam increased to $19.1bn in 2018, up 9.1% compared with 2017, according to a brief released on the Ministry of Planning and Investment (MPI) website on December 26, 2018.
More manufacturers to relocate from China to Southeast Asia
JLL anticipates the trend to accelerate as the China-US tariff war are driving more companies in China to relocate their operations to other countries to avoid US tariffs and maintain their competitiveness.
Bangkok, 11 July 2019 – More manufacturers have relocated from China to Southeast Asia over the past few years largely because The Red Dragon’s labor costs have become less and less competitive. This trend has been reinforced by the China-US trade war that began in 2018.(more…)
SET up 6.8% at end of June, highest performer in Asia
The Set is up 10.6 per cent from the end of 2018 to 1,730.34 points and SCB Securities thinks the Thai stock market may now rise to 1,750 points.
High-speed rail project to link three airport to be signed next month
Contracts to link three airports and the Map Ta Phut industrial port development project expected to be signed between state firms and private concessionaires next month.
The Eastern Economic Corridor Policy Committee has acknowledged progress in the high-speed rail project to link three airports and the Map Ta Phut industrial port development project.
Contracts for both projects are expected to be signed between state firms and private concessionaires next month.
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