Chinese investment made up 42.5 per cent of the total according to data released by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. If including Taiwan’s investment, Chinese investors poured nearly $7.7 billion in Việt Nam, surpassing South Korea, Singapore and Japan to become the biggest foreign investor. Previously, Chinese investors were mainly small businesses with out-dated technology but now many large corporations have funded large-scale projects. Chinese investors are also increasing merger and acquisition (M&A) activities, raising the concerns Vietnamese enterprises would be acquired and annexed. According to Nguyễn Mại, chairman of the Association of Foreign Invested Enterprises, Việt Nam needs to fine tune its policies to ensure high-quality foreign investment.

Source: Viet Nam News June 19, 2019 03:33 UTC