More foreign participation is forecast in Vietnam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development.
Vietnam attracted foreign direct investment (FDI) of US$19.54 billion in the first eight months of 2020, down 13.7% from the same period of 2019, according to the Ministry of Planning and Investment (MPI).
(BGO) – According to the
Department of Planning and Investment in Bac Giang province, the province
attracted total investment of 77.7 million USD in August 2020, accounting for
52.5 percent of the same period last year.
Over VND50 trillion (US$2.1 billion) has been mobilised for investment in the forestry sector during the 2016-2020 period, equivalent to 84.3% of the set plan, according to the Vietnam Administration of Forestry.
Australian company Logos plans to invest $350 million in the logistics real estate segment in Vietnam to take advantage of rising demand in the country.
German tape manufacturer Tesa plans to build a EUR55 million factory in Northern Vietnam in an effort to expand its production as from 2023, according to Germany’s Handelsblatt newspaper.
