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Snapshot: Manufacturing in Vietnam, February 2024
Vietnam’s Economy, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, January 2024
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Vietnam’s Economy, January 2023: Snapshot
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Vietnam’s Stock Market, December 2023: Snapshot
Vietnam’s Economy, December 2023: Snapshot
Snapshot: Manufacturing in Vietnam, November 2023
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Investment in Vietnam has grown rapidly in recent years on the back of a low-cost workforce and a shift out of China driven by trade complications between China and the US. This section monitors Vietnam investment news including who is investing in what, where, and how much.
Vietnam’s General Statistics Office has released its Report on the Socio-Economic Situation in April and the First Four Months of 2024 in which it says new foreign direct investment commitments have reached US$9.27 billion, an increase of 4.5 percent over the first four months of last year. Furthermore, it states
Funding in startups in Vietnam was down 17 percent to US$529 million last year according to a report by Dove Ventures. The big winners were healthcare and education startups which recorded increases of 391 percent and 107 percent respectively.
Global flows of foreign direct investment were up 3 percent last year, however, if the several top performing European economies are removed, there was a decline of 18 percent according to the United Nations Conference on Trade and Development 2023 Global Investment Trends report and reported by The Leader. The
Vietnam’s FDI in January reached just over US$2.23 billion. Real estate attracted the most new foreign capital accounting for a little more than half of the total FDI received. It was followed by manufacturing and processing which also had a healthy January recording 63 new projects worth just under US$716
This was a drop of 21.2 percent over 2022, according to the General Office of Statistics and reported by Vietnam Plus. Key takeaways Vietnam invested US$156.9 million in projects in the wholesale and retail, and repair of cars, motorcycles, motorbikes and motor vehicles; A further US$120.6 million in information and
Singapore’s J&H Yubo is set to invest US$19 million in a factory in Dong Nai in southern Vietnam, The Investor is reporting.
Singapore’s Ningbo Dechange is looking at spending US$80 million on a new operation in Vietnam’s Dong Nai province which borders Ho Chi Minh City, The Investor is reporting.
Taiwan’s Jhonsin Vietnam is set to outlay US$10 million for a factory in Vietnam’s Dong Nai province where it will produce ziplock bags and homeware, The Investor is reporting.
China’s Perfect Light, a wafer technology firm, is looking to build a US$51.5 million project in Vietnam’s Hai Duong province, The Investor is reporting. The project would take up 9 hectares of Cong Hoa Industrial Park and employ an estimated 700 people when completed.
Singapore’s Tetra Pak is set to add another US$43 million to its investment in southern Vietnam’s Binh Duong province, The Investor is reporting. The investment brings the total value of its investment to US$173 million. The company currently manufactures a range of packing products in the country.
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