International companies, especially those from China and the United States, are steadily flocking into Vietnam’s increasingly lucrative solar power equipment market.
With its demographics and state of technological development, Vietnam is all set to churn out highly successful start-ups, foreign investors say.
Hong Kong (China) topped the list of 66 countries and territories investing in Vietnam in January-February with a total investment of 4.3 billion USD, making up 51 percent of the new FDI inflow into the country.
Vietnamese startups in transport, homestay, fintech and other sectors have received millions of dollars from foreign investors in January.
More corporations are buying shares in enterprises in the same business fields in an effort to become the dominant players in the market.
VOV.VN - The month of January saw Vietnam attract a total of US$760 million in newly-registered and additional capital with Japanese investors taking the lead, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The food and beverage (F&B) industry in Vietnam will likely see a growth rate of 10.9% for the 2017-2019 period, Business Monitor International (BMI) has forecast.
Vietnam and Hong Kong should promote investment, trade and service flows between the two sides to take advantage of a diversion of trade from China amid escalating tensions between the US and China, a banking official said.
Optimising all opportunities, even the smallest, to create development breakthroughs is one of the central tasks set for the Ministry of Planning and Investment in 2019, Minister Nguyen Chi Dung has said.
The number of trading accounts rose by 260,000 to reach nearly 2.2 million as of the end of 2018, according to the Vietnam Securities Depository (VSD).
VOV.VN - Housing, retail properties, and apartments for rent in the northern city of Haiphong are predicted to gain big interest from foreign real estate developers in 2019, according to a Savills expert.
Vietnamese homestay platform Luxstay has raised US$3 million from CyberAgent Ventures and other foreign investors in its bridge round.
The manufacturing and processing sector garnered the most interest from foreign investors in 2018, attracting US$16.58 billion, or 47% of the registered capital.
Food producer KIDO Group has raised its foreign ownership cap from 49% to 100%, according to a proposal approved recently by the State Securities Commission (SSC).
Sabeco, the biggest Vietnamese brewer, has fallen into Thai hands, while Carlsberg is stepping up the process to become a controlling stakeholder in Habeco.
With huge untapped potential and steady growth, Vietnam’s food processing industry promises much for foreign investors, officials say.
The banking sector has been on the recovery path after a tough time struggling with bad debt (2012-2014), especially since 2016. This comeback has been assisted by foreign investors in local banks.
Prime Minister Nguyen Xuan Phuc received Neil McGregor – Group President and CEO of Sembcorp Industries, one of the leading foreign investors in Vietnam – in Singapore on November 13.
During a recent meeting with Prime Minister Nguyen Xuan Phuc in Hanoi, Calin Dragan, director of Coca-Cola’s Bottling Investments Group in Southeast Asia and the Middle East, said that Coca-Cola is to build a US$300 million facility in the north of Vietnam.
Foreign investors pledged to pour US$27.9 billion into Vietnam in the first ten months of 2018, down 1.2% compared with the same period of last year, according to the Foreign Investment Agency.