Opportunities

Director of the South West Asia and Africa Markets Department Tran Quang Huy said at the forum in India on March 16 that great opportunities are awaiting Indian enterprises in Vietnam as the country has joined several free trade agreements between ASEAN and China, India, the Republic of Korea (RoK), Australia, and New Zealand.

Since early February the ASEAN Deep Value Fund has been acquiring more shares of Hong Ha Vietnam Joint Stock Company (PHH) and Thanh Nam Investment and Construction Joint Stock Company (CSC). It now owns 10.9% and 13.9% of the businesses.

The disbursement of foreign direct investment (FDI) last year reached a record level with 14.5 billion USD. This achievement is expected to reiterate in 2016.

Chairman and CEO of the Japan External Trade Organisation (JETRO) Ishige Hiroyuki has stressed that investment and trade ties between Vietnam and Japan will be stronger in the coming years as both sides are members of the Trans-Pacific Partnership (TPP) agreement.

The real estate sector is forecast to remain the most attractive investment channel in 2015 due to the growing demand in the residential, office, and hospitality segments.

While complaining about difficulties, foreign automobile manufacturers still could reap fruit in 2015. Despite big problems, they still want to cooperate with Vietnam’s automobile industry.

Seven companies from Indian group Tata Sons plan to focus on Vietnam and Myanmar as key markets, reported The Economic Times and International Business Times.Vietnam and Myanmar have growing economies, an expanding middle class and will enjoy positive impacts from recent trade deals.

Phu Quoc island has been thriving, turning itself into a tourism and investment hub in southern Vietnam thanks to many large-scale projects that have helped build its reputation among investors.

Vietnam has seen a significantly growing inflow of investment from the US in the textile and garment sector in recent years, in anticipation of the potential from the Trans Pacific Partnership (TPP).

Northern Thai Nguyen province will give priority to foreign direct investment (FDI) in supporting industries, a move to add more suppliers for the Samsung facility and other major consumer goods projects in the locality.

Vietnamese garment and textile firms are increasing their investments in locally made raw materials in an effort to satisfy strict rules of origin set by free trade agreements of which Vietnam is a member.

In early 2016 many big names have visited Vietnam to look for opportunities in business cooperation or to implement projects.

The Civil Aviation Authority of Vietnam has recently proposed that the Ministry of Transport recommend Aerospace Engineering Services JSC to be Airbus Group’s partner in building a facility to produce spare parts for aircraft.

Vietnam set a record in attracting foreign direct investment capital in 2015, with a total sum of newly registered and expanded capital of US$22.75 billion. Among these, there are four billion-dollar projects exceptionally worthy of attention.

Hanoi People`s Committee made a plan on key tasks for its economic development in 2016. Accordingly, Hanoi will continue to improve the investment and business environment in order to increase investment and focus on developing sectors of services, industries and information technology.

The home appliance industry should see promising growth amid more economic integration with the world, experts said at a recent conference in Hanoi.

Despite high expectations for a third wave of investment from Japan into Vietnam, Japanese investment figures have fallen in the past few years.

Investments by overseas Vietnamese in Vietnam play an important role in the development of the domestic economy, said Ministry of Industry and Trade official Duong Phuong Thao.

Vietnam is expected to attract more foreign investment next year and in the future due to the opportunities and advantages resulting from free trade agreements (FTAs), according to experts.

The Ministry of Industry and Trade (MOIT) revealed at the press conference in Hanoi on December 19 that the free trade agreement (FTA) between Vietnam and the Republic of Korea (RoK) went into effect on December 20.