Foreign direct investment pledges — which indicate the size of future foreign direct investment disbursements — fell 12% in the January-March period from a year earlier to $8.9 billion, according to the Department of Planning and Investment.

Vietnam received $4.42 billion in foreign direct investment (FDI) in the first quarter, up 7.8% from a year earlier, the Ministry of Planning and Investment said Monday.

###: How to set up a foreign-invested enterprise in Vietnam?

FDI has been a major driver of Vietnam’s economic growth. Foreign direct investment firms account for about 70% of the Southeast Asian country’s exports, Reuters reported.

FDI pledges — which indicate the size of future FDI disbursements — fell 12% in the January-March period from a year earlier to $8.9 billion, the ministry said in a statement.

Ministry of Planning and Investment said in a statement, of the commitments, 59.5% will be invested in manufacturing and processing, while 30.3% would go to real estate.

“The most preferred types of legal entities to set up in Vietnam are limited liability company (LLC) and limited liability company (JSC), companies can also open a representative office in Vietnam or a branch if they already had business in other countries”, Sophie DaoPartner at GBS — a legal and business consultancy told Vietnam Insider.

For advice on how to start your foreign investment business in Vietnam, please contact Sophie Dao directly at: info@gbs.com.vn, hotline: +84903189033 or visit the company website at: https://gbs.com.vn



Source: Vietnam Insider

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