Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Investment  >> Foreign investors eye manufacturing
NEW UPDATES Asean Affairs  17 April 2014  

Foreign investors eye manufacturing

Foreign investment in manufacturing has increased significantly in HCM City and the neighboring provinces of Dong Nai and Binh Duong as international firms seek to take advantage of the country's accession to the Trans-Pacific Partnership.

In the first quarter they have invested US$2.3 billion in 141 projects in the three places, accounting for 70 per cent of the total FDI they attracted. Binh Duong topped with nearly $800 million, and HCM City followed with $710 million.

In the last few months in Dong Nam Industrial Zone in HCM City's Cu Chi District, Worldon Viet Nam Limited built a 45ha garment factory that will go on stream in June next year.

The British Virgin Islands-based firm will invest $140 million in the plant that will produce 80 million products a year.

Samoa's Sheico Viet Nam company limited will open its $50 million plant in November with a capacity of 12,000 tonnes of fabric, 4.2 million garment items, and 1.2 million life jackets annually.

"The investment opportunities in textile and garment in Viet Nam are very promising since the country is going to join the Trans-Pacific Partnership (TPP)," a Sheico spokesperson said.

According to the HCM City Export Processing and Industrial Zone Authority (HEPZA), many firms are wrapping up procedures to increase investment to expand production.

German-owned Pepperl - Fuchs Viet Nam Limited company wants to increase its investment by $10 million and has sought an additional 9,000sq.m to expand production of high-tech sensors.

Initially the company had planned to expand its production in Singapore, but then chose Viet Nam thanks to cheaper land and human resources.

Many Japanese and Singaporean firms have invested in production of electronics components.

"We have invested $2 million and will consider investing more in the long term," Masaharu Tsukada, general director of Japan's Maruko Keihoki Viet Nam Limited company, which will produce car's horn in district 7's Tan Thuan processing zone, was quoted as saying in Tuoi Tre (Youth) newspaper.

"It is a good opportunity for investors in Viet Nam as the country is more and more globally integrated by signing more international agreements.

TranViet Ha, head of HEPZA's Investment Department, said: "This year FDI has flowed strongly into production, with many firms expanding their factories. The capability of local human resources to learn new technologies quickly is an advantage."

Luong Van Ly, an investment analyst, said: "Foreign investors have realised that Viet Nam's outdated technologies cannot benefit from the TPP agreement, and are pouring money into production in Viet Nam."

Investors from non-TPP countries were set to come to Viet Nam to take advantage of the agreement, he said.

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                            April  17, 2014 Subsribe Now !
• Thailand’s general election set for July 20 or 27 Subcribe: Asean Affairs Global Magazine
• Party chief seeks stronger trade ties with Morocco
• Honda captures 63% share of RI motorbike market in Q1
Research Reports
on Thailand 2007-2008

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

• DOJ summons Cedric Lee on P194-M tax evasion case
• Foreign investors eye manufacturing
Asean Analysis                    April 17, 2014
• Asean Analysis April 17, 2014
Is Singapore Still Under Emergency Rule?
Advertise Your Brand

Asean Stock Watch    April 16, 2014
• Asean Stock Watch-April 16 2014
The Biweekly Update
• The Biweekly Update  April 4, 2014

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

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand