Foreign Investors Spend Nearly $3 Billion on Corporate Stakes in Vietnam

Tuan Minh

09:06 29/07/2016

BizLIVE - Overseas investors have disbursed $2.95 billion to form joint ventures and buy stakes in businesses in Vietnam over the past year.

Foreign Investors Spend Nearly $3 Billion on Corporate Stakes in Vietnam

Overseas investors have spent $2.95 billion to form joint ventures and buy stakes in businesses in Vietnam over the past year. Photo: Internet

Foreign investors have spent a combined $2.95 billion on forming joint ventures and acquire stakes in companies operating in Vietnam since July 2015, said the Foreign Investment Agency (FDI) under the Ministry of Planning and Investment.
This is the first time FIA has published this data, apart from that of foreign direct investment (FDI).
As many as 1,709 foreign-invested institutions have spent $1.89 billion on purchasing dominating stakes in Vietnam-based companies or conditional industries.
Of the amount, $1.51 billion corresponded to the first seven months of this year, with a focus on real estate, commerce, transportation, and plastic production.
Source: FIA 
Among 65 investing countries and territories in seven months, Singapore took the lead with $488.4 million. The runners-up were South Korea, Japan, Taiwan and China.
In addition, overseas players have acquired $1.05 billion worth of minority stakes in businesses operating in Vietnam over the past one year.

 

TUAN MINH

Từ khóa: FIA, FDI