Foreign SMEs pour capital into Vietnam
Illustrative image (Photo: VNA)
Foreign small- and medium-sized enterprises (SMEs) are paying much attention to Vietnam, given the fact that the number of under-1-million USD projects accounted for nearly 70% of the total number of foreign-invested projects registered in Vietnam in the first three months of this year.
According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, in the first quarter, Vietnam attracted nearly 5.45 billion USD in foreign direct investment (FDI), down 39% year on year.
Of the total, over 3 billion USD came from 522 newly-licensed projects, up 62% in a number of projects but down 6% in capital compared to the same period last year. Among these new projects, the combined capital of under-1-million USD projects accounted for only 2.2% of the total newly-registered investment.
Meanwhile, some 1.2 billion USD was added to 228 existing ones, representing a hike of 3% in a number of projects and a decline of 70.3% year on year in capital.
However, foreign investors' capital contribution and share purchases rose 4% year-on-year to 798 million USD, the FIA said.
A survey from the Japan External Trade Organisation (JETRO) shows that more than 60% of respondents said that their company would expand their business in Vietnam in the next two years, a higher proportion compared to any other ASEAN country.
Nakajima Takeo, JETRO chief representative in Hanoi, said that there is a trend of Japanese SMEs increasing their investment in the coming time.
Although the investment is not big, SMEs over the globe, especially those from Japan, own a lot of advanced technologies and hold not small market shares, he said, proposing Vietnam have appropriate preferential policies to attract such businesses./.
Related News

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export

Vietnam, Korea Customs sign AEO MRA
11:07 | 26/12/2024 Customs

Prioritizing semiconductor workforce training
09:16 | 15/12/2024 Headlines

Vietnam-Cambodia: Looking back on journey of cooperation
14:45 | 11/12/2024 Customs
Latest News

Monetary policy is a key factor for economic stability and growth
16:30 | 15/02/2025 Headlines

Việt Nam commits to being safe, attractive destination for investors
09:47 | 13/02/2025 Headlines

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector
14:41 | 10/02/2025 Headlines

Positive economy growth forecast in 2025, but caution remains
08:24 | 10/02/2025 Headlines
More News

Labour market to see changes in key industries
15:31 | 07/02/2025 Headlines

Prime Minister warns of possible global trade war, pushes for preparation
14:13 | 06/02/2025 Headlines

Positive economic indicators recorded in early 2025: Gov't spokesperson
14:10 | 06/02/2025 Headlines

General Secretary urges immediate return to work after Tết
14:07 | 05/02/2025 Headlines

Government holds gathering to celebrate Party’s 95th anniversary, Lunar New Year
07:54 | 04/02/2025 Headlines

Việt Nam’s manufacturing PMI slips into contraction in January
14:29 | 03/02/2025 Headlines

Party’s 95-year journey: Capitalising on great solidarity in era of nation’s rise
14:26 | 03/02/2025 Headlines

Great opportunities for cooperation with Việt Nam in 2025: Malaysian Ambassador
19:08 | 01/02/2025 Headlines

Structural reform, innovation to drive Việt Nam's sustainable development: EuroCham chair
21:02 | 31/01/2025 Headlines
Your care

Monetary policy is a key factor for economic stability and growth
16:30 | 15/02/2025 Headlines

Việt Nam commits to being safe, attractive destination for investors
09:47 | 13/02/2025 Headlines

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector
14:41 | 10/02/2025 Headlines

Positive economy growth forecast in 2025, but caution remains
08:24 | 10/02/2025 Headlines

Labour market to see changes in key industries
15:31 | 07/02/2025 Headlines