Home / Knowledge / News / Textiles / Disbursed FDI touches a record $14 mn in Vietnam
Disbursed FDI touches a record $14 mn in Vietnam
09
Dec '15
Pledged and disbursed foreign direct investment (FDI) in 2015 are expected to touch new highs in Vietnam, after its government eased business regulations to attract foreign investors through the 12-nationTrans-Pacific Partnership (TPP) trade pact.

Vietnam emerged as the biggest beneficiary of the pact with disbursed FDI expected to touch a record high of $14 billion, $1.5 billion more than last year, while pledged foreign investment is forecast to increase over last year's $21.9 billion, according to an agency report.

“Our improving investment environment and trade agreements help attract more companies to move from China and other regional countries to Vietnam,” Planning and Investment Minister Bui Quang Vinh told the agency at a conference in Hanoi recently.

The minister attributed the increasing FDI inflow to the steps taken by the government to ease business regulations earlier this year.

The surge in Vietnam's foreign investments comes at a time when neighbouring countries such as the Philippines are reporting declining FDI, reflecting overseas investors' increasing attraction to Vietnam. The country stands to be the biggest winner of the 12-nation TPP accord, which will boost exports with tariff reductions on a range of products, including shoes, seafood and clothes, according to the World Bank.

The TPP could boost Vietnam's gross domestic product by about 8 per cent and increase exports by 17 per cent over the next 20 years, the World Bank said in a report last week.

“Sticky capital inflows through FDI is very important for Vietnam as it tries to import more goods to industrialize,” said Trinh Nguyen, a Hong-Kong based senior economist for emerging Asia at Natixis SA. “This is a much more stable way to access funding for investment, which Vietnam needs at this level of development.”

Out of the six major countries in the ASEAN bloc, Vietnam is expected to post the strongest economic growth this year, according to the Asian Development Bank. The country's growth is expected to accelerate through the second half, underpinned by rising private consumption, export-oriented manufacturing and FDI, it added. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Egypt’s textile exports increase 3% in 10 months: TEC

Textiles | On 21st Nov 2017

Egypt’s textile exports increase 3% in 10 months: TEC

Exports by Egypt’s Textile Export Council (TEC) between January and...

UKFT turns sector skills body for UK fashion, textile sector

Textiles | On 21st Nov 2017

UKFT turns sector skills body for UK fashion, textile sector

The UK Fashion & Textile Association (UKFT) recently announced at a...

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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