Vietnam sees increase in overseas investment in first seven months
Vietnam sees increase in overseas investment in first seven months
In the first seven months of the year Vietnam saw an increase in overseas investment, creating high expectations for the remainder of the year.
According to statistics published by the Ministry of Planning and Investment, in the first seven months of 2018, Vietnamese firms invested $279.63 million in newly-registered projects, while also adding projects in overseas markets. Notably, 81 newly-registered projects were granted investment registration certificates with a total investment capital of $238.33 million.
Further, $41.3 million in added capital was poured into existing projects overseas. The financial and banking sector rose to become the sector luring the largest investment capital from Vietnamese firms with total newly-registered and added capital of $105.77 million, equaling 37.8 per cent of the total overseas investment inflow.
After finance, the agriculture, forestry and fisheries sector gained $45.47 million in capital, equaling 16.3 per cent in comparison with Vietnamese firms’ total investment capital in overseas markets.
Vietnamese firms are present in 32 countries and territories. Laos ranked first in attracting investment capital inflow with total investment capital of $84 million, accounting for 30 per cent of the total, followed by Australia with 13.3 per cent and Slovakia with 12.9 per cent.
The consecutive growth of local firms is the major factor creating the increase in overseas investment inflow.
BIDV, VietinBank and Vietcombank are currently the most popular brands in the banking sectors, meanwhile, in the fields of telecommunications, agriculture and technology, Viettel, TH, Hoang Anh Gia Lai and FPT are leading the way.
Most recently, FPT made a strategic investment in the US’ Intellinet to expand its digital transformation leadership, aiming to provide more strategic and comprehensive services to leading global companies.
Under this agreement, Intellinet will continue to operate as an independent organisation. However, the two sides will be able to leverage each other’s strengths. With this new partnership, Intellinet enhances FPT’s offerings with its strategy and management consulting capabilities and becomes part of a company with deep offshore capacity and a focus on digital transformation.
FPT, by partnering with the world’s technology disruptors like Amazon Web Services, Microsoft, Siemens, and GE, has been continuously enhancing its technology as well as domain expertise to help provide more value-added services to clients across the globe. The company has been providing technology services for nearly 200 customers in the US from various business domains, including aerospace and aviation, healthcare, banking and finance, telecommunications, retail, and automotive.
