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.
Pandemic drives sea freight prices to record high
The Covid-19 pandemic, which initially brought global shipping to a virtual standstill, did not bode well for the industry and led to “an unprecedented drop in demand”
Thailand and EU resume FTA negotiations
Thailand and the European Union (EU) are now back in talks to establish a Free Trade Agreement (FTA), for the first time since the initiative was put on hold in 2014.
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...