[25 March 2015] Vietnam Briefing by Dezan Shira and Associates has published an article titled, Australia-Vietnam Comprehensive Partnership Enhanced. It provides an update on Australian investments in Vietnam.
Below is an abridged version. Click here for the original article.
As of the end of 2014, Australian companies had invested in 320 active projects in Vietnam, with a total registered capital of US$1.65 billion, ranking 19 out of 101 countries home to companies investing in Vietnam.
The largest such project is a nickel-mining project in Son La province owned by Ban Phuc Nickel Mines Co., Ltd, with registered capital of US$136million.
However, the size of average Australian investment at US$5.2 million per project in 2014 was far below the national average foreign investment amount per project of US$14.3 million (approx 36 per cent).
According to Vu Tien Loc, president of Vietnam Chamber of Commerce and Industry (VCCI), trade and investment between the two countries is not yet reaching its potential or achieving the expectations of either party.
*** For the complete and original article, click onto Australia-Vietnam Comprehensive Partnership Enhanced.