Despite breaking records in investment attraction last year, at VND8.830 trillion in domestic investment and US$691 million in foreign direct investment, Danang has also experienced hurdles in investment attraction.
Real estate remained the second biggest magnet for foreign direct investment (FDI) in 2019, following processing – manufacturing, as it attracted USD3.88 billion, equivalent to 10.2 percent of the total registered.
The Republic of Korea (RoK) has become Vietnam’s biggest foreign investor and is playing an important role in some key economic sectors, accounting for over one fifth of the total flow of FDI into the country in 2019.
With Hanoi retaining its spot as the top FDI destination in the country, premium real estate for non-nationals is becoming hotter, especially with the latest project in west Hanoi known as The Matrix One.
The foreign direct investment (FDI) sector remains the main driver for Vietnam’s achievement of the record high trade surplus in the first 10 months of this year.
The southern province of Dong Nai has seen swift disbursement of foreign direct investment (FDI) which surpassed the province’s plan, said local officials.
The SSI Securities Corporation’s latest report on foreign direct investment (FDI) in Vietnam shows positive changes, including increased number of projects despite a decline in capital.
Vietnam attracted more than US$17.6 billion in foreign direct investment (FDI) in 2019 through November 20, a slight 7.2% increase from the same period last year, according to the Ministry of Planning and Investment.
Recent economic development figures from the northern province of Thai Nguyen attest that developing seamless infrastructure for local industrial zones to attract investment is proving to be an effective approach.
Hanoi continued to top the list of FDI in Vietnam in the first 10 months of this year, raking in about USD6.85 billion, most of which came in the form of capital contributions and share purchase.
Ho Chi Minh City (HCMC) attracted US$6.17 billion in foreign direct investment (FDI) in the January-October period this year, up 3.4% over the same period in 2018, according to the Department of Planning and Investment.
The northern province of Vinh Phuc has been an ideal destination for investors thanks to its geographical location and preferential policies for investment attraction.
The southeastern province of Binh Phuoc held a workshop in Bangkok on October 17 to invite Thai investors to do business in the province.
Vietnam needs to renew its real estate market to attract more foreign investors and increase the quality of foreign direct investment (FDI) in the sector, according to experts.
Ho Chi Minh City has attracted US$4.19 billion in foreign direct investment (FDI) so far this year, up 21.7% year-on-year.