Home / Knowledge / News / Healthy investment environment lures larger FDIs
Healthy investment environment lures larger FDIs
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

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search