Foreign investors inject $3b in Vietnamese firms
Foreign investors may flatten Vietnam beer market | |
VN attracts over $11b FDI in first half of 2016 |
Foreign investors have invested almost US$3 billion in Vietnamese enterprises in the last twelve months ending July 2016. — Photo baodautu.vn |
This is the first time the agency has published data on foreign investments in terms of capital contributions and share purchases.
Foreign investors injected almost $1.9 billion to acquire over 50 per cent of charter capital in more than 1,700 domestic enterprises and economic entities from July 1, 2015 to July 20, 2016.
This number reached $1.5 billion in the first seven months of this year.
For less than 50 per cent of the business charter capital, 1,432 companies received $1.05 billion worth of foreign capital in the last twelve months.
Foreign investors were fond of the real estate sector which attracted the most foreign capital of any industry with more than $350 million, accounting for 23.1 per cent of total investments.
Wholesales and retail ranked second with 57 projects drawing in nearly $319 million, equivalent to 21 per cent of total foreign investments. Other sectors such as aviation and plastic product manufacturing also received heavy foreign capital.
Global companies are attracted by bright prospects in
With a large market of more than 90 million people, consumer spending is forecast to grow more than 50 per cent from 2015-19 to nearly $185 billion, according to Euromonitor International.
More foreign capital is expected to flow into Việt
"
He said the formation of the ASEAN Economic Community, the Trans-Pacific Partnership and other free trade agreements were presenting attractive opportunities for both domestic and foreign investors.
Among 65 countries and territories investing in Việt
Same topic: Investment Environment
Related News
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Latest News
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
More News
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Your care
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export