According to the Ministry of Planning and Investment of Vietnam, among the CPTPP-signed member countries, except for Japan, Singapore and Malaysia, which are the main foreign-source countries of Vietnam, the investment amount of Canada is larger than US$5 billion; followed by Australia with an investment of US$1.8 billion; Other countries, such as Chile, Mexico and New Zealand, have investments ranging from $1 million to $100 million, while Peru has not yet invested in Vietnam. With the signing of CPTPP and the opening of the market between member countries, it is expected to attract countries such as Canada, New Zealand and Mexico to increase investment in Vietnam to participate in the Vietnamese domestic demand market.
According to the Vietnam Foreign Investment Enterprise Association (VAFIE), South Korea, Japan, Singapore and Taiwan are currently the top four sources of investment in Vietnam, and CPTPP is expected to attract more foreign investment to Vietnam. In addition, US President Trump expressed his intention to consider rejoining CTPTPP, and if the United States returns to CTPTPP in the future, it can further attract US investment. At the same time, the United States promised to strengthen cooperation with CTPTPP members, especially those countries that have not signed bilateral economic and trade agreements with the United States, including Vietnam. In addition, the United Kingdom also expressed its intention to join the CPTPP. Once the UK joins, it is expected to further attract the attention of other European countries such as France and Germany to Vietnam.
The main foreign investment plans of Vietnam since 2018 include: Singaporean Hanbaram invests in wind power plants in Ningshun, north of the country, with an investment of US$150 million. Singaporean Ramatex invests in textile and garment factories in the northern province of Nanding, with an investment of US$80 million. Japanese merchant YKK plant invests in zipper factory in northern Henan Province.
Vietnam's real estate industry attracts investors from mainland China, Taiwan and Hong Kong
Source: Vietnam Economic News website, May 29, 2018
According to the Vietnam Labor Daily, the Vietnamese real estate industry has grown rapidly in recent years and is attracting many investors from mainland China, Taiwan and Hong Kong. In 2017, the above three investors accounted for 25% of the total foreign investment in Vietnam. Investors from mainland China, Taiwan and Hong Kong grew by 300% in the first quarter of 2018 compared to the same period in 2017.
According to Vietnam's CapitaLand Company, Ho Chi Minh City is developing rapidly, and many infrastructure projects are under construction, including: the reconstruction of the new airport and the subway system. After the completion of these plans, it is expected to drive up the price of real estate in Vietnam. In the next 10 years, Ho Chi Minh City may have the same situation as Shanghai, where house prices have risen 4 to 5 times. According to Global Commercial Real Estate Investment Management (JLL), average house prices in Ho Chi Minh City rose by 3.6% in 2017, and house prices in villas rose by 13.6%.