Vietnam records 8.4% rise in FDI inflows at $9.6b

Bui Quang Vinh, Minister of Planning and Investment.

Vietnam has attracted fresh foreign direct investment inflows of $9.65 billion during the first nine months of 2015, recording a 8.4 per cent increase over the same period in 2014. That was part of the pledged FDI worth $11.03 billion during the period, up 44.5 per cent.

This was announced by the local Ministry of Planning and Investment.

Specifically, over 1,400 FDI projects were granted licenses. Apart from that, nearly 461 projects saw an investment increase amounting to $6.11 billion, up 72.6 per cent year-on-year. Collectively, the value of new projects and increased registered capital amounted to $17.15 billion.

The increase is thanks to large investments in major projects,such as the $2.4-billion Duyen Hai 2 thermal power plant by Malaysia’s Teknik Janakuasa Sdn Bhd, and the add-on investment of $3 billion by Samsung Display in the northern Bac Ninh province.

Moving forward, Vietnam targets to attract $23 billion in pledged FDI for 2015-16 fiscal, up by 40 per cent over 2014-15, while actual inflows are expected to remain slightly unchanged at $12.5 billion.

Referring to government-level official development assistance (ODA), the investment ministry unveiled that the total assistance inked as of September 22 reached more than $2.7 billion, accounting for 75.5 per cent of last year’s figure. The disbursement of the ODA during the first nine month period stood at $3.3 billion, compared to $4.1 billion in 2014, the ministry added.

Related stories:

Samsung to invest $3b to increase display module production capacity in Vietnam

Samsung keen on bigger play in Vietnam, mulls investments in energy & insurance sectors

Vietnam FDI review: Investment to foster economic growth

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.