TPP promises thriving foreign capital influx

VGP – The foreign capital inflows were expected to surge after the signing of Trans-Pacific Partnership (TPP).

January 18, 2016 3:08 PM GMT+7

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After the 12 Asian-Pacific countries concluded negotiations on the TPP, Viet Nam was forecast to be one of the biggest beneficiaries. Especially, the direct and indirect foreign inflows were expected to increase sharply as the country will enjoy incentives in tariff, market, and low production costs.

In a recent announcement, Intel reported that 80%% of its processors will be produced in Viet Nam. According to Samsung’s statistics, 50% of mobile phones will be made in Viet Nam.

Accordingly, world leading groups selected Viet Nam as a strategic destination in the global supply chain.

The Ministry of Planning and Investment reported that FDI attraction increased sharply in both value and number. As of late 2015, Viet Nam attracted US$22.7 billion of FDI, a year-on-year growth of 12.5%./.

By Khanh Phuong