Foreign direct investment (FDI) inflow from China to Vietnam is expected to rise as China is to reopen its doors and resume flights between the two countries, according to Agribank Securities Company (Agriseco).
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on May 23 received a delegation of the All-China Federation of Industry and Commerce (ACCIC), led by its vice president Xu Lejiang.
China ranks seventh out of 129 nations and territories investing in Vietnam. As of October 20, Chinese investors poured 12.96 billion USD in 2,072 projects in Vietnam.
A forum was held in Pan Zhou city in the Chinese province of Gui Zhou on November 9 and 10 to discuss opportunities for trade and investment cooperation between China and the Association of Southeast Asian Nations (ASEAN).
Investors from mainland China have been developing their businesses in Vietnam to take advantage of free trade agreements (FTAs), as the country is a Trans-Pacific Partnership member.