VIETNAM – GLOBAL INVESTMENT DESTINATION

VIETNAM IS ONE OF THE BEST INVESTMENT DESTINATION IN ASIA

In the first 6 months of 2019, there are 95 countries and territories with investment projects in Vietnam, according to Vietnam Ministry of Planning and Investment:
Hongkong takes the lead with 5.3B USD, accounting for 30.4%.
Korea ranked second with 2.62B USD, accounting for 15.7%.
Singapore, Japan with 2.2B USD and 1.95B, respectively

  • Typical projects:
  • US$600 – million Lotte Mall Hanoi project that embraces a hotel, apartment, office, and trade center complex;
  • US$501 – million LG Innotek Hai Phong facility

INTEGRATION TO GLOBAL ECONOMY

Under the EU – Vietnam Free Trade Agreement (EVFTA), both the EU and Vietnam have pledged to abolish over 99% of import duties on a wide range of goods.

  • THE ASEAN – HONGKONG FREE TRADE AGREEMENT (AHKFTA)
  • AHKFTA entered on June 11, 2019 for Vietnam, created a bright spot for expanding global free trade and positively impacted the Southeast Asian economy.
  • Reduce tafiffs on goods, boosts the flow of services and investments.
  • Eliminate import and export duties on 75% of goods, reduce tariffs with an additional 10% of goods.