Free trade agreements, high economic growth and low labor costs will continuously help Vietnam lure big FDI in the remaining months of the year after reporting a whopping US$22.94 billion in the first seven months of the year. Foreign investors are strongly pouring in Vietnam’s garment-textile industry Many investors from various countries, especially Japan, Korea and Singapore, have so far also expected to increase their investments in Vietnam. A recent study of Hong Kong and Shanghai Banking Corporation Limited (HSBC) showed that overall investment into ASEAN in the future is expected to rise amongst Singapore-based companies ,with Vietnam to be a key beneficiary. According to the study, which sought the insights of 1,036 Singapore-based companies into their interest in overseas expansion, Vietnam’s growing consumer market and overall investment climate are driving the expansion plans of Singaporean investors, who were Vietnam’s third largest investor in the first seven months of 2018 with US$2.73 billion. Asia Briefing, a subsidiary of Dezan Shira & Associates, which provides business intelligence, due diligence, and legal, tax and advisory services throughout Vietnam and the Asian region, also forecast that Vietnam will continue to remain a priority for investors in 2018. Opportunities not only exist in the… Read full this story
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