Huynh Quang Hai, General Director of JSC for urban development and Vietnam - Singapore industrial park (VSIP), said number of FDI projects in Vietnam increased mainly due to the investment growth of enterprises specialising in supplying components for key brands. FDI inflows of firms from the Republic of Korea came to Vietnam after the investment of Samsung.
A lot of United States businesses will invest into Vietnam after the Trans-Pacific Strategic Economic Partnership Agreement (TPP) is signed.
Besides, businesses of Taiwan, China also are planning to pour hundreds of millions of dollars to invest in Vietnam once the TPP will be signed.
Ranked first in attracting FDI's projects were textiles and footwear sector, followed by electronics, precision engineering, manufacturing, consumption, and light industry.
According to General Director Huynh Quang Hai, in the past, foreign investors chose the Southern region when entering Vietnam because of its dynamic market.
But in the past 10 years, this trend has shifted to the Northern region. The area has many strenghs with good infrastructures and favourable geographical position for importing and exporting, and near the administrative center of Vietnam.
Besides, the infrastructure in these provinces have been built better, helping foreign investors develop stably from 5 to 10 years.
Currently, Vietnam's policies of attracting to FDI projects have been more attractive compared to other countries.
The leader of an industrial park in HCM City said Vietnam's tariffs have been incentives compared to other countries in the region. The infrastructure, logistics service have been improved, creating more favourable conditions for foreign investors.
A lot of United States businesses will invest into Vietnam after the Trans-Pacific Strategic Economic Partnership Agreement (TPP) is signed.
Besides, businesses of Taiwan, China also are planning to pour hundreds of millions of dollars to invest in Vietnam once the TPP will be signed.
Ranked first in attracting FDI's projects were textiles and footwear sector, followed by electronics, precision engineering, manufacturing, consumption, and light industry.
Workers at the Samsung' factory in Thai Nguyen province
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But in the past 10 years, this trend has shifted to the Northern region. The area has many strenghs with good infrastructures and favourable geographical position for importing and exporting, and near the administrative center of Vietnam.
Besides, the infrastructure in these provinces have been built better, helping foreign investors develop stably from 5 to 10 years.
Currently, Vietnam's policies of attracting to FDI projects have been more attractive compared to other countries.
The leader of an industrial park in HCM City said Vietnam's tariffs have been incentives compared to other countries in the region. The infrastructure, logistics service have been improved, creating more favourable conditions for foreign investors.
