Vietnam in the first two months of this year (2017) has seen an increasing foreign direct investment (FDI) from China, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Specifically, in January-February period, Chinese investors have registered to implement 123 projects and 174 times of share purchase. Some typical projects by Chinese investors during the period include Billion Vietnam polyester synthetic fiber plant (with investment of 220 million US dollars) in central Tay Ninh province.
According to local economist Le Xuan Nghia, in the coming time, a trend of transferring Chinese capital into Southeast Asian countries including Vietnam will be seen. In other Southeast Asian nations such as the Philippines, Malaysia, and Thailand, Chinese investors also pour money in giant projects, said Nghia.
A total of 721.7 million US dollars of Chinese FDI was recorded in Vietnam in two-month period, up 152.78 percent year-on-year, accounting for 21 percent of the country’s total FDI, said FIA, adding that China has become the second largest FDI contributor to Vietnam, after Singapore.
Living Ink Technologies has been named among TIME magazine’s Best Inventions of 2026 in the Sustainability category for its Algae…
Polyester filament yarn manufacturers across North and Central America have launched YarnProof, an origin verification system powered by FibreTrace technology.
Cotton Brazil has launched ‘Hanging by a Thread’ movement, highlighting concerns about microplastics and encouraging greater consideration of natural fibres.
Wrangler has introduced a fleece outerwear collection featuring Hay Away, a fabric technology to prevent hay and grass from clinging…
Researchers at Kent State University have demonstrated how digital flat knitting can create adaptable textile structures across multiple applications.
Archroma has partnered with Prosperity Textile to develop processes aimed at improving the quality, durability and sustainability of denim fabrics.