The processing and manufacturing industry is always the most attractive foreign direct investment (FDI) segment, accounting for 45 per cent of total registered investment capital. However, Vietnamese enterprises are stuck on the lower rungs in the global supply chain.
Vietnam’s Ministry of Planning and Investment, with the assistance of the World Bank, is currently drafting a new FDI strategy for 2018-2023 focusing on priority sectors and quality of investments, rather than quantity. The new draft aims to increase foreign investment in high-tech industries, rather than labor-intensive sectors. Manufacturing, services, agriculture, and travel are the four major sectors in focus in the draft.
The value of foreign direct investment (FDI) capital in Việt Nam reached US$33.09 billion in the first 11 months of this year, a year-on-year increase of 82.8 per cent.
Vietnam’s economic growth quality has seen significant improvements recently, eliciting great praise from international organisations.
President Trần Đại Quang and President Donald Trump witnessed the signing of co-operation agreements worth a total of US$12 billion, mostly in aviation, petroleum and seaports between Việt Nam and the US after their talks in Hà Nội on Sunday.
Foreign investment in Vietnam is still on the rise, with the latest number showing that more than $28.2 billion were registered to invest in the country in the first 10 months of this year, up 37.4 per cent on-year.
As importing countries impose trade barriers to protect their goods and products, they often utilise trade remedies against exporting countries. There are short-term solutions for exporters, like Việt Nam
Some US$28.24 billion in foreign direct investment (FDI) was poured into Việt Nam between January and October, representing a year-on-year increase of 37.4 per cent.
The Ministry of Industry and Trade (MOIT) has set the target of raising Vietnam’s rice export revenues to between US$2.3 and 2.5 billion by 2030.
Vietnam’s merchandise trade surplus with the United States reached US$24.1 billion in the first nine months of 2017, according to the latest statistics released by the government.
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