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 adds US$2.8 billion in registered FDI, July [data set]

the-shiv July 27, 2024

Vietnam added another 278 foreign direct invested projects to its 2024 tally in July, along with just over US$2.8 billion in additional capital commitments, according to data from Vietnam’s Ministry of Planning and Investment. The biggest gains were in manufacturing and processing which added 96 new projects and US$1.97 billion.

Chinese battery to add US$300 million to northern Vietnam operations

the-shiv July 18, 2024

Notably, back in June, a Singaporean battery maker also announced plans to increase its investment by US$5.5 million in southern Vietnam. The expansion of these battery firms aligns with increasing local demand for batteries. According to Mordor Intelligence, the Vietnam battery market size is estimated to reach US$326.32 million in 2024 and US$454.11 million by 2029. This is off the back of a compound annual growth rate of 6.83 percent from 2024 to 2029…

Mixed messages on future of FDI in Vietnam

the-shiv July 15, 2024

Vietnam has used tax incentives as a financial lever to influence investment trends. Preferential tax rates for foreign projects are available at rates of between 10 to 17 percent, depending on the field and location, with some enjoying special tax rates as low as 5 percent. However, these tax incentives have been significantly diminished by the Global Minimum Tax–about 122 foreign companies have been impacted by the new tax in Vietnam, according to a review by tax authorities…

Japanese conglomerate-developed industrial park plan approved in central Vietnam

the-shiv July 4, 2024

Notably, Thanh Hoa is located in northern central Vietnam, close to major economic hubs like Hanoi, Hai Phong, and Hung Yen. This proximity provides easy access to key markets and transportation networks. It also has a well-developed infrastructure network, including highways, railways, deep-sea ports, and airports…

Spain renewables giant looking at central provinces for Vietnam expansion

the-shiv June 25, 2024

Of note, a combination of favorable climate conditions, supportive government policies, and rising demand has made Vietnam a promising market for renewable energy development in recent years. In particular, southern Vietnam has high solar irradiance and strong, consistent winds. The average annual sunshine duration in Khanh Hoa province is 2,600 hours per year, while Ninh Thuan province has the most hours of sunshine in a year, in Vietnam, reaching up to 2,800 hours…

Key Apple supplier Foxconn to increase investment in Vietnam by US$52.6 million

the-shiv June 19, 2024

Manufacturing in Vietnam, particularly in electronics, has been growing rapidly. Though notably there was a slight downturn last year, things have picked up again in 2024. Exports of computers, electrical products and parts thereof had reached US$5.5 billion by the end of May representing an increase of 31.6 percent over the same period a year earlier…

Vietnam records win for R&D with new Motorola facility in HCMC

the-shiv June 8, 2024

Back in 2019, Vietnam issued Decree 13/2019/ND-CP, which was designed to drive investment in research and development. To do this, it offered tax breaks, preferential loans, and reductions in land and water fees.

New registered FDI in Vietnam reaches US$9.27 billion

the-shiv May 2, 2024

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

New report on tech startups in Vietnam finds funding dives in 2023

the-shiv April 30, 2024

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.

Insights from the 2023 Global Investment Trends re: Vietnam

the-shiv March 8, 2024

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 FDI in January broken down by industry/type

the-shiv February 28, 2024

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

Vietnam outbound foreign direct investment tops US$421 million

the-shiv January 8, 2024

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 garment firm to in invest in new plant in southern Vietnam

the-shiv December 15, 2023

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 electrical homeware maker to invest US$80 million in southern Vietnam

the-shiv December 15, 2023

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 ziplock bag maker to open factory in southern Vietnam

the-shiv December 15, 2023

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.

Chinese electronics firm receives in-principal support for project in northern Vietnam

the-shiv December 13, 2023

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 packaging firm to expand investment in southern Vietnam

the-shiv December 13, 2023

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.

Taiwan firm starts work on machine factory north of Hanoi

the-shiv December 8, 2023

Taiwan’s Lioho Machine Works has started building a factory in Vinh Phuc north-west of Hanoi, The Investor is reporting. The project is reportedly worth US$75 million and is set to cover five hectares. When complete it will produce car parts, farm equipment, and pumps.

Hong Kong camera manufacturer considering factory in north-central Vietnam

the-shiv December 8, 2023

Hong Kong based Qtech is considering building a US$430 million factory in Vietnam’s Nghe An province, The Investor is reporting. If realised it would cover 10 to 15 hectares and produce eight million products a month. Notably the company is looking for tax, human resources, and administrative support from Nghe

Singapore developer drops US$562 million on southern Vietnam real estate project

the-shiv December 8, 2023

Singapore’s CapitaLand has acquired an 18.9 hectare real estate project in Vietnam’s Binh Duong province for over half a billion dollars, The Investor is reporting. The project, when realised, is expected to house 12,500 people in 3,300 houses and 462 villas.