Sign up | Log in



Home  >>   Daily News  >>Brunei>>Economy>> Personal loans drop by $109 million in Q3 2015
NEW UPDATES Asean Affairs   24  December  2015  

VN to up FDI in 2016: experts

Viet Nam is expected to attract more foreign investment next year and in the future due to the opportunities and advantages resulting from free trade agreements (FTAs), according to experts.

Vo Tri Thanh, deputy head of the Central Institute of Economic Management (CIEM), said of the FTAs, the Trans Pacific Partnership (TPP) deal and FTA between Viet Nam and the European Union (EU) would open great opportunities for Viet Nam to attract additional foreign investment, especially foreign direct investment (FDI) capital.

If foreign investors come to Viet Nam to participate in production and business, they could approach large markets that are member countries of the FTAs, Thanh said.

These member countries include the US, Japan, Australia and Canada, under the TPP, and EU countries operating under the FTA. The two large trade agreements include commitments related to Viet Nam's policies and regulations on foreign enterprises, competition, e-commerce, public procurement, labour, environment and intellectual property rights.

Therefore, Thanh said when implementing the commitments, Viet Nam would promote socio-economic reforms for all sides, he said. This would increase the confidence of investors, based upon Viet Nam's improved investment environment.

Thanh added that in the past three years, many large companies of the US, Japan and the EU had come to Viet Nam to study markets and the investment environment, reported the Dien Dan Doanh Nghiep newspaper. Some of these companies had invested billions of US dollars into the local textile and garment industry to take advantage of the TPP.

Now, the US had become one of the top ten largest foreign investors in Viet Nam, he said, and the US expects to be the largest foreign investor in the nation in the future.

According to the General Statistics Office, disbursement of FDI in Viet Nam reached an estimated $13.2 billion from the beginning of 2015 through November 20, up 17.9 per cent against 2014.

There were many large projects during this period, said Nguyen Mai, chairman of the Viet Nam Association of Foreign Invested Enterprises. They included the $1.5 billion LG factory in Hai Phong, Samsung's factories in Bac Ninh and Thai Nguyen provinces, and Microsoft's factory in Bac Ninh. They also involved the Nghi Son Petrochemical Refinery project, with an investment of $9.5 billion, a $9.9 billion Formosa steel complex in Ha Tinh and a $1.4 billion Samsung factory in HCM City.

Investors from large countries had planned to invest in Viet Nam, such as Japan, South Korea, Germany and the US, Mai noted.

According to a Japan External Trade Organisation (JETRO) survey, 80 per cent of Japanese companies surveyed have planned to study investment activities in Viet Nam, while 70 per cent of Japanese companies operating in Viet Nam hope to expand their investments in the country, he said.

Meanwhile, there were positive feedbacks from foreign investors of other associations, such as Amcham and Eurocham.

Mai said that next year, many multinational groups have scheduled to move their production and businesses from other regional countries to Viet Nam, to take advantage of the FTAs, reported online newspaper bizlive.

Therefore, the Government should guide authorities of provinces and cities to choose suitable foreign investors and technologies to protect the environment and save energy, he noted. — VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           December  24 , 2015 Subsribe Now !
• VN to up FDI in 2016: experts Subcribe: Asean Affairs Global Magazine
• 2016 economic outlook: All eyes on China
• Consumer prices in Singapore fall 0.8% again in November
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Govt aims to boost EU investment with CEPA
Personal loans drop by $109 million in Q3 2015
Asean Analysis                   December  18, 2015
• Asean Analysis December 18, 2015
What’s Next for U.S. Policy toward Myanmar?
Advertise Your Brand

Asean Stock Watch  December  23,  2015
• Asean Stock Watch-December 23, 2015
The Biweekly Update
• The Biweekly Update December 18, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand