Sigma focuses on promoting the pursuit of FDI projects

14/03/2020

From the second half of 2019 to the beginning of 2020, due to the outbreak of nCoV acute respiratory infections, the limited number of foreign workers returning to Vietnam will directly impact on the foreign direct investment (FDI) projects in Vietnam, but it may also provide opportunities for Vietnam to receive more new projects because the concern that the disease will motivate investors to consider capital flows.

The above contents were published in the preliminary assessment report of the impact of the nCoV epidemic on the world and Vietnam's economy by a research team of the Training and Research Institute of the Bank for Investment and Development of Vietnam (BIDV) implemented and announced in February 2020.

According to this research team, the impact of the nCoV epidemic on foreign investment in Vietnam needs to be viewed in two aspects.


The nCoV epidemic affecting foreign investment in Vietnam needs to be considered in two aspects
 
Firstly, for foreign investment projects in Vietnam, Singapore is the leading partner with a total registered capital of 4.12 billion USD, accounting for 63.7%. In addition, Korea and China also have a large amount of investment capital, with a total capital of 1.15 billion USD, focusing mainly on manufacturing and processing industries (accounting for about 54% of the total projects)
 

 
Firstly, for foreign investment projects in Vietnam, Singapore is the leading partner with a total registered capital of 4.12 billion USD, accounting for 63.7%. In addition, Korea and China also have a large amount of investment capital, with a total capital of 1.15 billion USD, focusing mainly on manufacturing and processing industries (accounting for about 54% of the total projects)
In Vietnam today, many projects and enterprises are invested by foreign enterprises, employing many foreign experts and workers involved in many important stages in project production and administration.

Sigma - the leading contractor in the field of M&E Engineering, is constantly expanding the market and looking for the new FDI projects in Vietnam. We have successfully implemented large FDI projects such as Swire Cold Storage Vietnam, Unilever Home Care Liquids Plant, Damen Song Cam Shipyard, British University Vietnam, Hanoi French Hospital, ... With continuous orientation of developing and expanding the market, Sigma has been looking for other projects invested by foreign enterprises.

However, after the Lunar New Year holidays, due to the actions to prevent the spread of the nCoV epidemic that have a direct impact on the projects, the fact that foreign workers are restricted to return to Vietnam has significantly affected the production and business situation of these businesses, as well as the income and life of workers in the project and related businesses.

In addition, the nCoV could also provide an opportunity for Vietnam to receive more new FDI projects because of concerns that the disease will motivate investors to consider shifting capital flows, FDI projects from China and related territories (Hong Kong, Macao ...), which have inherently moved in the context of US-China trade tensions.

Although Vietnam has been assessed as one of the most vulnerable countries to bear the risk of spreading the nCoV epidemic, the international community highly appreciates Vietnam's proactiveness and determination in preventing and controlling this epidemic as well as The Government's continued determination to improve the business environment. However, this positive impact will mainly occur in the medium term.

Generally, FDI attraction in 2020 can still increase by about 5%, 2.2 percentage points lower than the increase in 2019.


Source: 
https://forbesvietnam.com.vn/tin-cap-nhat/von-fdi-tang-gap-3-lan-cung-ky-singapore-thanh-doi-tac-lon-nhat-9038.html
https://infographics.vn/2-thang-dau-nam-2020-thu-hut-fdi-dat-gan-6-47-ty-usd/15351.vna
https://baoxaydung.com.vn/fdi-the-he-moi-can-chu-dong-tim-kiem-cac-du-an-232827.html

 

Other articles

Partners
pn1
pn2
pn3
pn4
pn5
pn6
pn7
pn8
pn9
pn10
pn11
pn12
pn13
pn14
pn15
pn16
pn17
pn18
pn19
pn20
pn21
pn22
pn23
pn24
pn25
pn26
pn27
pn28
pn29
pn30
pn31
pn32
pn33
pn34
pn35
pn36
pn37
pn38
pn39
pn40
pn41
pn42