Thailand's FDI into Vietnam Reached 8.13 billion USD

  By the end of March 2017, Thai investors had invested in 458 projects with a total registered investment capital of 8.13 billion USD, standing at the 10^th position out of 115 countries and territories investing into Vietnam.

With the determination of the two Governments and the proactive of businesses, the economic cooperation between Vietnam and Thailand will grow strongly and reach the target of 20 billion USD in bilateral trade by 2020. Vietnam-Thailand trade relation has grown by more than 40% during the past five years. Specially in 2016, the growth rate continues to reach 10% with total turnover of nearly 13 billion USD. In the coming years, the two countries' trade will increase as the two countries move towards the implementation of the ASEAN Free Trade Agreement and other general agreements.

On the Vietnamese side, as of January 1^st 2015, Vietnam has cut its tariffs by 0% on more than 8,600 tariff lines. The remaining 669 tariff lines will be reduced to 0% by 2018. On the Thai side, currently more than 9,500 tariff lines under the tariff reduction schedule of the ATIGA have been fully abolished since 2012. In that context, the two sides should organize activities to promote trade and investment; continue to encourage Thai businesses to invest in Vietnam, support Vietnamese businesses to expand their business to Thai market, contributing to balance the trade balance.

In fact, Vietnam is Thailand's second largest trading partner in ASEAN and Thailand is the largest trading partner of Vietnam. The two countries are located on the mainland with convenient transportation. The two countries also have open policies, implementing many measures to reduce barriers, facilitate the flow of goods.

Not only a major trading partner, Thailand is also one of the countries having cooperative investment with Vietnam very early, right after Vietnam implement the policy to open and attract foreign investment. In the past few years, Thai businesses have made specific plans to increase their investment capital in advantageous areas in Vietnam such as retail, building materials production, thermal power, animal feeds...

The establishment of the ASEAN economic community (AEC) is a great motivation for Thai investors to bring capital to Vietnam and expand their business area. Not only towards the market of 90 million people in Vietnam, Thai businesses are far more visionary to penetrate the AEC market with a population of 600 million and a total GDP of 3,000 billion USD.

We, ANT Consulting company, support you with the service of setting up a company in Vietnam, Risk management in Vietnam, Employee background check in Vietnam... to help you shorten the implementation time.

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Quang Binh Is Selected by AT Capital for Its Renewable Energy Project

  That is the information released by representatives of the Orange Renewable Company (Singapore), under AT Capital Corporation at a meeting with Quang Binh People's Committee Chairman Nguyen Huu Hoai on May 24^th.

According to representatives of Orange Renewable Company, by studying the data on natural conditions as well as investment policy in Quang Binh, the Company found that this locality is very suitable for investing in renewable energy projects of AT Capital Corporation, therefore, the Corporation wishes to carry out renewable energy projects in the province.

In response to Orange Renewable Company, Chairman of Quang Binh Provincial People's Committee Nguyen Huu Hoai welcomed and highly appreciated that AT Capital has paid much attention to investment in renewable h. Moreover, Mr Hoai also pledged to pay attention, support and create the most favorable conditions for investors in the process of research and implementation projects. He also assigned Department of Industry and Trade to coordinated with the Department of Planning and Investment to guide AT Capital's experts to conduct field surveys and prepare related procedures.

Orange Renewable Company is headquartered in Singapore and is funded by AT Capital, one of India's leading renewable energy developers, with a total portfolio of renewable energy projects with capacity of up to 758 MW including 191 MW of solar power, 567 MW of wind power...

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

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Hong Kong Investors Explore Vietnam Infrastructure Projects

  Hong Kong investors are promoting investment in southern provinces in the areas such as infrastructure investment, waste water treatment, waste and also learn about set up company in Vietnam.

Recently, about 40 Hong Kong investors and experts in investment and infrastructure development sectors have visited Ho Chi Minh City. Sharing the purpose of this business trip, Mr Vincent HS Lo - Chairman of the Hong Kong Trade Development Council said that these investors are people who have a lot of experiences in the financial, consulting, architecture, energy, water and waste treatment, engineering and construction, law and accounting, transportation sectors...

Also according to Mr Vincent HS Lo, investors and businesses in Hong Kong are very interested in Vietnam infrastructure projects, especially the system of railway, road, airport and seaport.

Previously, during meetings with representatives of the Ministry of Transport in Hanoi, representatives of Hong Kong investors and businesses also expressed their interest in the North-South Expressway Project with a length of more than 1,300 km. A Hong Kong representative said that this project would help develop the strengths of a gateway to attract investment in large projects.

According to Hong Kong businesses, in addition to transport infrastructure, they are also interested in large-scale real estate projects in Vietnam. Mr Johnson Choi, Managing Director of Sunwah Group said that the company had many large investment projects in Vietnam, notably real estate projects. According to Mr Choi, among countries in Asia, Vietnam is considered as a potential country for real estate. Therefore, not only investing in projects in HCMC, Hong Kong businesses also pay attention to projects in Hanoi and the Central region.

According to the Ministry of Planning and Investment, as of the end of the first quarter of 2017, Hong Kong is the sixth largest investor in Vietnam with more than 1,200 projects and a total registered capital of more than 17.57 billion USD.

Hong Kong’s licensed projects in Vietnam are quickly implemented. For example, the project of Worldon Vietnam Co., Ltd in Dong Nam Industrial Zone (HCMC), after being licensed to increase capital by 140 million USD in 2016, has nearly completed the Fashion Design and Production Center for high quality knitwear.

Or project of Nam Phuong Textile Joint Venture Co., Ltd., with registered capital of 120 million USD in Viet Huong 2 Industrial Zone (Binh Duong), has made new moves in the project implementation after starting work at the end of 2014. The project is constructed on an area of 12 hectares, operating in the field of weaving fabric, phase I has capacity of 36 million meters of cloth per year, mainly for export...

In 2016, Vietnam is Hong Kong's largest export market in ASEAN with a total export turnover of 9.25 billion USD. In addition, Vietnam is Hong Kong's third largest trading partner in the ASEAN region with a total bilateral trade reached 16.2 billion USD.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

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Jabil Expands Investment in Vietnam

  Jabil Circuit, Inc has just broke ground to build a new factory in Saigon Hi-Tech Park (SHTP), realizing the plan to expand investment in Vietnam.

The event marked the expansion of Jabil Group's operation in Vietnam, with total factory area of 38,369 square meters. The factory is scheduled to be completed by the end of 2017. The new facility will provide additional production and warehousing spaces to meet future large-scale manufacturing activities for products such as computer, storage, networking equipment, telecommunications, automation, digital housing, mobility, sale equipment, printing, industry and energy.

This expansion also marks Jabil’s a decade of development in Vietnam and a stepping stone for the future growth of the Group.

Jabil started operations at SHTP in September 2007, specializing in the manufacture of electronics and telecommunications equipment with an initial investment of only 30 million USD. However, in 2011, Jabil decided to raise capital to 100 million USD. And in 2015, Jabil once again announced the expansion of investment in Vietnam. According to the signed memorandum, Jabil plans to invest an additional 500 million USD to expand production in Vietnam with a facility of more than 93,000 square meters.

Currently, Jabil Vietnam employs around 4,500 people and aims to create over 3,000 new jobs for the province in the next five years. In addition, Jabil also plans to develop high quality human resources in Vietnam for future leadership positions through training and development opportunities.

Jabil is a product solutions company that provides electronic technology solutions including design, manufacturing and comprehensive manufacturing management for electronics and technology companies around the world. Providing complete supply chain management from facilities in 28 countries, Jabil offers comprehensive and focused solutions for customers in a variety of industries. In Vietnam, Jabil specializes in providing large-scale product solutions for sectors as industry, power, networking and telecommunications equipment, sales and printing equipment.

We, ANT Consulting company, support you with the service of setting up a company in Vietnam, Risk management in Vietnam, Employee background check in Vietnam... to help you shorten the implementation time.

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Japan Investors Expand Investment in Dong Nai

  Japan is one of the two leading countries in pouring capital to invest in Dong Nai province since the beginning of this year and the main investment sector is supporting industry.

According to the Dong Nai Department of Planning and Investment, in the first three months of 2017, the province has granted investment registration certificates to 31 projects with foreign direct investment (FDI), with total investment capital of more than 314 million USD, including 15 newly licensed projects with total capital of nearly 137 million USD and 16 projects register to increase capital with total capital increase of more than 177 million USD.

Japan is one of two leading countries in pouring capital to invest in Dong Nai province since the beginning of this year. The field that Japanese businesses invest in Dong Nai is mainly supporting industry. Dong Nai is also the province that is currently calling for investment to increase the rate of supplying input materials for enterprises and also reducing imports.

In the recent 3 years, there are large numbers of Japanese enterprise come to Dong Nai to invest. In addition to Long Duc Industrial Park, which is primarily attracting Japanese businesses, other provinces have formed subdivisions to invite Japan’s SMEs to invest. Japanese enterprises investing in Dong Nai mainly in supporting industries, electricity, electronics, mechanics, machinery...

From the beginning of 2017, there are continuously Japan’s enterprises and local governments come to Dong Nai to explore investment opportunities. Notably, 22 enterprises coming from Sakai city, Osaka operating in the fields of mechanical engineering, steel, electricity, electronics... came to Dong Nai to visit Amata Industrial Park, Long Duc Industrial Park... to learn policies and investment opportunities.

Recently, Kobelco Environmental Solutions Joint Stock Company under Kobe Steel Group has proposed to the Dong Nai authorities to invest in the clean water treatment sector of the province. Kobelco entered Vietnam at the end of 2010 with the main activities which is water treatment, wastewater, recycling, waste treatment, operation and maintenance. In Dong Nai, the company has invested in waste water treatment system in Loteco Industrial Park and Long Duc Industrial Park.

According to experts, Vietnam's participation in new FTAs offers many opportunities for businesses operating in Vietnam, including Japanese companies. Hence, more and more Japanese companies are choosing to set up company in Vietnam.

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Capital from China's 'Ring Road and Route' Is Coming to Vietnam

  In response to the China Government’s initiative to build the 21^st Century Silk Road running across the Eurasian, the Chinese’s construction enterprises are actively coming to Vietnam.

Chairman of the Hong Kong Trade Development Council (HKTDC) Vincent HS Lo has just led a delegation of 40 investors and experts to visit Hanoi and Ho Chi Minh City. The delegation includes large domestic firms (including Hong Kong) in the fields of finance, consulting, architecture, energy, water and waste treatment, engineering and construction, law and accounting, transportation...

According to Mr Vincent HS Lo, the delegations have goal to invest in areas that specially focusing on the implementation of the "Ring Road and Route", which is implemented by the Chinese government to develop the infrastructure of the area. Vietnam is determined locating in a critical position to invest in infrastructure, so that is the key to promote trade and commerce among nations.

The delegation also has meeting with Prime Minister Nguyen Xuan Phuc, Minister of Planning and Investment Nguyen Chi Dung, Deputy Minister of Transport Nguyen Hong Truong and leaders of Hanoi and Ho Chi Minh City. Along with that, they also have meetings with many Vietnamese businesses, including big names such as Van Thinh Phat Investment Group or Sunny World Real Estate Development Company.

According to Mr Johnson Choi - CEO of Sunwah Group, with a very flexible policy of the Government of Vietnam, he believes that investment in infrastructure in Vietnam is quite feasible in comparison with other countries in Asia. Together with many businesses introduced by the HKTDC, Sunwah will work with other partners to express special interest in the 1,000 km North-South Expressway project.

Also according to Mr Choi, the Vietnamese Government is showing their support to businesses as committed. Compared with other countries in the region, the liquidity of the Vietnamese currency is at a better level. Over the past twenty years, Chinese investors have moved overseas remittances to Hong Kong quite easily.

Chairman of HKTDC Mr Vincent HS Lo believes that businesses in Hong Kong and China will have strength on infrastructure investment and set-up company in Vietnam thanks to the abundant capital and good experience. Hong Kong is the financial center of the world, so it's easy for them to raise funds from everywhere to invest. At the same time, they have experience in most services, from consulting to construction and operation.

According to Mr Vincent HS Lo, businesses in Hong Kong and China are open to the investment and cooperation models with Vietnamese enterprises. However, the Chinese are particularly interested in the form of PPP. At the same time, the joint venture model is also considered more than the 100% capital investment to take advantage of local market knowledge of Vietnamese enterprises.

On May 14^th, Chinese President Xi Jinping hosted the "Ring Road and Route" forum, with nearly 30 leaders in the world. This is an action to promote the "Ring Road and Route" initiative, in order to revive the "Silk Road" connecting Asia and Europe. Accordingly, Credit Suisse Group forecasts that China could pour more than 500 billion USD into 62 countries over the next five years to implement plans to promote its soft power.

We, ANT Consulting company, support you with the service of setting up a company in Vietnam, Risk management in Vietnam, Employee background check in Vietnam... to help you shorten the implementation time.

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Strengths in FDI Attraction of Vietnam

  Vietnam has many strong points in FDI attraction that foreign investors are very interested in. This has made Vietnam an attractive destination for investors to set up company in Vietnam.

Firstly, the stable security and political situation is an important condition for deciding to set up long-term investment activities in Vietnam. Moreover, Vietnam has a favorable geographic position in trade with the world as well as a connection hub of the region and a gateway to penetrate economies in the western part of the Indochina Peninsula. Third, with a population of 92 million people, Viet Nam has the advantage of abundant and quality labor force with competitive labor costs. In addition, with 12 new generation free trade agreements and Vietnam's entry into the ASEAN Economic Community (AEC), it is a good opportunity for Vietnam to connect with Asean market with over 600 million population and also the world market.

The institution, law and transparency of Vietnam are gradually being completed associated with integration, not only enabling investors to be reassured for long-term operation, but also help enterprises to participate in the supply chain, global value chain in a convenient way.

The field that foreign investors consider as strength of Vietnam is the manufacturing, processing industry. Up to now, this sector has attracted the most foreign investors with 11,833 investment projects with total registered capital reached over 175 billion USD (accounting for 51.6% of the total number of projects and 58.9% of total registered capital in Vietnam). Such investment structure is evaluated positively and place strong impact on the development of Vietnam's industries in line with the country's industrialization and modernization policy.

In the coming time, Vietnam will continue to prioritize attracting investment projects in the fields of supporting industries, projects with advanced technology, environmentally friendly and efficient use of the resources, minerals, land; facilitate and strengthen the connection with domestic enterprises.

Over the past years, Vietnam's business and investment environment has been constantly improving in  the open and transparent way, in line with international standards. In the context of Vietnam's increasingly deep integration into the world economy, it will increase the attractiveness and competitiveness of Vietnam in attracting foreign investment, especially multinational corporations.

In addition, FDI enterprises have contributed to the socio-economic development of Vietnam. In recent years, the proportion of foreign investment in total investment always accounting for about 25%; contributing over 20% to GDP; contributing to the state budget and creates millions of jobs for employees.

Foreign investment capital continues to increase annually. From 2013 to now, the registered FDI capital is over 20 billion USD. Furthermore, the results of production, business, export, import and state budget contribution of FDI enterprises also achieved superior results.

In addition, the FDI sector has a spillover effect on other sectors of the economy; raising domestic investment resources, shifting economic structure, reforming state-owned enterprises and administrative procedures, improving market economy institutions and promoting international economic integration.

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