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Investors move businesses to Vietnam

by VTV17 May 2020 Last updated at 19:00 PM

With the outbreak of the COVID-19 pandemic, many foreign investors have started to shift their capital flow to other markets with high potential such as India and other Southeast Asian countries, including Vietnam.

According to a report by the Ministry of Planning and Investment, foreign investors' total newly registered capital and adjusted and contributed capital in the first 4 months of this year reached 12.33 billion USD, equal to 84.5% of the same period in 2019.

Specifically, new and adjusted registered capital exceeded the figure from 2019. In terms of value, registered capital in the first four months of 2020 increased significantly compared to the same period last year.

According to the US real estate management company JLL, the number of land lease requirements for factories increased sharply despite the increase in the average rental price of land, both in the North and the South, compared to the same period last year. In addition, tech giant Apple aims to invest production in Vietnam while Samsung Group continues to expand production by recruiting thousands of engineers and bachelors in all majors.

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