From January to May 2019, Chinese foreign direct investment (FDI) in Vietnam totaled USD 2 billion.
According to statistics from the Vietnamese government, Chinese FDI in Vietnam has been growing rapidly since the beginning of 2019. From 2016 to 2018, it grew at a CAGR of 15%; from January to May 2019, it totaled USD 2 billion, which was close to the total amount in 2018.
Vietnam is regarded as the top destination for the relocation of many Chinese industries. Neighboring China, Vietnam has similar culture with China and much lower labor and land costs. As the Sino-U.S. trade war continues, Chinese FDI in Vietnam keeps increasing.
CRI suggests that investors should accelerate investment in Vietnam to enjoy the dividends from the rapid economic growth of Vietnam. In 2018, the economic growth rate of Vietnam reached 7.10%, ranking among the top of all countries.
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