Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Investment  >> Investment promotion targets specific sectors
NEW UPDATES Asean Affairs   24 February  2015  

Investment promotion targets specific sectors

Vietnam: The country's investment promotion activities this year will focus on infrastructure development, support industries, agriculture, and high-tech industries, according to

These activities are expected to make best use of the imminent free trade agreements (FTAs) and the potential Trans-Pacific Partnership agreement, the site reported.

Top priority for investment promotion will be given to several key partners such as Japan, South Korea, Taiwan and Singapore and to European countries such as Spain, Germany, the United Kingdom and France, as well as Italy, the online newspaper quoted Do Nhat Hoang, director of the Ministry of Planning and Investment's Foreign Investment Agency, as saying.

For Japan, the promotion activities strive to attract Japanese investment in high-tech agriculture, while for some of the reviewed EU partners, the activities are aimed at catching up with the influx of investment capital that could follow the signing of the Viet Nam-Europe FTA in the near future, especially in the areas of industry, energy and infrastructure.

Exploitation of investment opportunities with South Korean businesses after the signing of the Viet Nam-South Korea FTA, which was slated to be effective as of the first half of this year, would also be included in these plans, Hoang told the newspaper.

Attracting investments from small- and medium-sized enterprises was also a point of focus, besides attracting large-scale groups, as these firms would make effective contributions toward fostering the development of domestic support industries, not only through manufacturing and supplying products for domestic and export markets but also by helping to bolster local enterprises' capacities via partnerships and business alliances, he noted.

Statistics from the agency showed that Viet Nam attracted US$20.23 billion in foreign direct investment (FDI) last year, an increase of 19 per cent against the target.

South Korea led the 60 countries and territories investing in Viet Nam in 2014, with $7.32 billion in investment capital, accounting for 36.2 per cent of the country's total FDI capital. It was followed by Hong Kong with $3 billion, or 14.8 per cent; Singapore with $2.79 billion, or 13.8 per cent; and Japan with $2.05 billion, or 10.1 per cent.

FDI in Viet Nam was forecast to increase significantly this year, as many large foreign-invested projects were expected to be issued licences in the next few months, the Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper reported.

Experts said that licensed projects worth billions of dollars had so far helped Viet Nam attract many other supporting projects. This was in accordance with the government's sustainable growth strategy involving enhanced investments to high-tech industries and the creation of value-added exports and supporting industries.

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                           February  24, , 2015 Subsribe Now !
• Tourism sector expects to benefit from ASEAN Community Subcribe: Asean Affairs Global Magazine
• BSD to invest Rp 7t for tower, residential projects in 2015 
• Auto parts firm Denso bets $19 million on plant 
Research Reports
on Thailand 2007-2008

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

• Investment promotion targets specific sectors
• Troubles in Northern Myanmar May Have Turned Tide in Military’s Favor, for Now 
Asean Analysis                    February 20, 2015
• Asean Analysis February 20, 2015
The Time is Right for President Obama to Visit Vietnam in 2015 K
Advertise Your Brand

Asean Stock Watch   February 23,  2015
• Asean Stock Watch-February 23 , 2015
The Biweekly Update
• The Biweekly Update February 20, 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

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