Vietnam foreign investment closes in on full-year target

in-the-first-seven-months-of-2013-vietnam-saw-fdi-projects-increasing-their-capital-by-a-total-of-us4-99-billion-a-rise-of-36-percent-compared-with-the-same-period-last-year-1167096-14-8-2013-3

Foreign direct investment (FDI) this year has been worth US$12.63 billion, and analysts believe that the full-year target of $13-14 billion will be achieved or even exceeded.

The investment in the first eight months represents a year-on-year increase of 19.5 percent.

Last year the country unexpectedly achieved the target of $15-17 billion by attracting $16.3 billion.

The country failed to achieve the FDI target in the previous two years.

In a recent press release, Neil Macgregor, managing director of Savills Vietnam, said his company has seen “great level of interest” from foreign investors who eye the country as a medium- to long-term investment destination.

“We are now seeing opportunities to invest across all sectors throughout Vietnam,” the UK-based property services provider said.    

In the first eight months manufacturing and processing attracted the largest amount of investment — $10.82 billion.

Property followed with $588 million. 

The sector has “certain advantages” compared to those in neighboring countries, Savills said.

Both the Ho Chi Minh City and Hanoi markets are “at the bottom of the real estate cycle,” signalling a recovery soon, it added.

This year Japan has remained the largest investor in Vietnam with $4.3 billion, followed by Singapore and Russia.

Source : Thanh Nien News | August 27, 2013

Advertisements

About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
This entry was posted in Business, Economy, Global Sourcing and tagged , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s