Home / Knowledge / News / Healthy investment environment lures larger FDIs
Healthy investment environment lures larger FDIs
02
Jan '08
Vietnamese Government can proudly boast of luring many international investors to the country through friendly investment policies. South Korea tops the chart of 82 foreign direct investors in the country for last year.

South Korea has made investments in 403 projects during 2007 by financing nearly US $4.2 billion, which is the highest figure for one year. Last year Vietnam enjoyed total foreign direct investment (FDI) capital of $20.3 billion.

According to statistics gathered from Foreign Investment Department under the Ministry of Planning and Investment, South Korean companies poured further $467 million into existing projects of Vietnam.

The previous year saw a significant change in the investment scenario as finances mainly flowed in real estate, power, chemical, petrochemical and steel production investment instead of traditional garments and footwear sectors.

Low cost labour, improved investment environment and strategic placement in the map as a center of the ASEAN bloc, has put in Vietnam at an advantageous position for such streaming foreign investments, according to experts from Korean Trade-Investment Promotion Agency (Kotra).

However, poor infrastructure, high land costs and language barriers are the sources of anxiety for the South Korean investors.

Previous year's figure of $20.3-billion FDI renders a year-on-year growth of about 69 percent.

Other countries who invested in Vietnam are Russia with $1.7-billion for Vung Ro oil refinery in the Central Province of Phu Yen and Malaysian $900-million Yen So complex in Hanoi.

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search