Opinion Survey “Assessing Vietnam’s business and investment environment from the perspective of Australian investors in Vietnam”
09/09/2021 331Vietnam has become an attractive and beneficial investment destination in Asia for foreign investors all over the world. However, it has not yet been a popular choice for Australian investors. Accumulated to May 2020, the total number of projects and registered capital of Australian investment (FDI) in Vietnam was only 505 and USD 1,914 million respectively, making Australia’s rank 20th in the list. Australian FDI in Vietnam is also modest compared to that in other ASEAN countries. Meanwhile, Australia is the world’s remarkable international investor with the total outward direct investment reached USD 537 billion only in 2019.
Moreover, like FDI from many other sources, Australian FDI is not quite strong in connecting with Vietnamese partners (suppliers, buyers, labors, etc.). According to a VCCI survey in 2018, only 27% of inputs of FDI enterprises were sourced in Vietnam, of which a major proportion comes from other FDI enterprises.
The new contexts of 2021 are opening rare opportunities to upgrade the expansion and performance of Australia FDI in Vietnam with (i) the two new FTAs (the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) steadily implemented, and the Regional Comprehensive Economic Partnership (RCEP) signed, and (ii) the shifting of international FDI flows, including Australian one, as a result of COVID19 pandemic and US-China trade war, from China to others, including Vietnam.
Therefore, The Vietnam Chamber of Commerce and Industry (VCCI), in collaboration with the Aus4Skill Vietnam Program funded by the Australian Government, is implementing a Research Project on “Problems and Solutions to increase Australian direct investment into Vietnam and deepen linkage between Australian companies and Vietnamese local partners”. As part of the project, we are conducting a survey to collect Australian investors’ assessment of Vietnam’s business and investment environment. The survey results will complement to the Project’s objective to make recommendations to the Vietnamese government in easing investment policies and make Vietnam a more attractive investment destination to Australian investors.
The Survey will take no more than 10 minutes. The subjects of the survey are Australian FDI enterprises operating in Vietnam in all sectors.
A useful business handbook will be given to the respondent of the Survey.
For more information about the Survey, please contact:
The WTO and International Trade Center
Vietnam Chamber of Commerce and Industry
Tel: 024-35771458
Email: banthuky@trungtamwto.vn