Foreign investors bullish on Vietnam market
08:36, 2014/07/06
Foreign investors from around the globe are filled to the brim with optimism over Vietnam’s economic prospects and investment opportunities in the Southeast Asian nation, according to a recent survey.
This buoyancy is most clearly evidenced by the announcement of RoK electronics giant Samsung to construct another factory in Vietnam with a total investment of over US$1 billion
.Following, social disturbances at industrial zones in Binh Duong, Dong Nai and HCM City related to China’s illegal placement of Haiyang Shiyou-981 rig in the East Sea, many leading economists and market analysts were wary that it may spillover and have negative ramifications of the nation’s investment attractiveness.
However, according to a recent survey conducted by experts at CBRE, the world’s leading commercial property and real estate services adviser, the effects have been inconsequential and those concerns have been laid to rest.
In the first half of the year, CBRE reports foreign investment inflows into Vietnam’s real estate market surged 65% over the same period last year to an all time record high of US$629 million in 16 projects.
The increase in mobile phone handsets and component exports is directly translating into an expansion of real estate investment as well as the industry, which is gradually replacing garments and textiles as the leading export product.
In the first six months of the year, mobile phone handset and component export earnings tripled last year’s same period totals, peaking at US$11.7 billion.
With the Trans-Pacific Partnership (TPP) Agreement poised to be signed early next year and the possibility of the Vietnam-EU Free Trade Agreement (VEFTA) being signed later this year, foreign investors are bullish on Vietnam, CBRE reports.
The aforementioned trade pacts will have tremendous economic impact on Vietnam’s production and exports, especially for advantaged products, such as garments and textiles, seafood, and footwear.
Currently, only 42% of Vietnamese products enjoy the EU's Generalised System of Preferences (GSP), but upon VEFTA coming into effect the number will burgeon, and manufactures are actively seeking opportunities to cash in by investing in Vietnam.
Upon the signing of VEFTA, at least 90% of Vietnamese products will get zero tariffs.
The revisions to the Land Law which came into effect as from July 1 have also positively impacted the real estate market, resolving a host of obstacles.
New regulations are also being drafted, creating an equal playground more conducive for both domestic and foreign investors, facilitating foreigners’ investment in the nation’s real estate market.
However, according to a recent survey conducted by experts at CBRE, the world’s leading commercial property and real estate services adviser, the effects have been inconsequential and those concerns have been laid to rest.
In the first half of the year, CBRE reports foreign investment inflows into Vietnam’s real estate market surged 65% over the same period last year to an all time record high of US$629 million in 16 projects.
The increase in mobile phone handsets and component exports is directly translating into an expansion of real estate investment as well as the industry, which is gradually replacing garments and textiles as the leading export product.
In the first six months of the year, mobile phone handset and component export earnings tripled last year’s same period totals, peaking at US$11.7 billion.
With the Trans-Pacific Partnership (TPP) Agreement poised to be signed early next year and the possibility of the Vietnam-EU Free Trade Agreement (VEFTA) being signed later this year, foreign investors are bullish on Vietnam, CBRE reports.
The aforementioned trade pacts will have tremendous economic impact on Vietnam’s production and exports, especially for advantaged products, such as garments and textiles, seafood, and footwear.
Currently, only 42% of Vietnamese products enjoy the EU's Generalised System of Preferences (GSP), but upon VEFTA coming into effect the number will burgeon, and manufactures are actively seeking opportunities to cash in by investing in Vietnam.
Upon the signing of VEFTA, at least 90% of Vietnamese products will get zero tariffs.
The revisions to the Land Law which came into effect as from July 1 have also positively impacted the real estate market, resolving a host of obstacles.
New regulations are also being drafted, creating an equal playground more conducive for both domestic and foreign investors, facilitating foreigners’ investment in the nation’s real estate market.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years