This means idle capital sources tend to be preserved instead of being invested into new production and business. Vietnam should bank on lower foreign direct investment next year on the back of an ailing world economy. Minister of Planning and Investment (MPI) Bui Quang Vinh said the worldwide economic situation was expected to be tougher next year and Vietnam’s macroeconomic instability, high inflation and rising production costs put the country under the pump when it came to luring foreign direct investment (FDI) in 2012. “The world’s economy could get bogged down in a new depression in 2012. This means idle capital sources tend to be preserved instead of being invested into new production and business. Thus, FDI inflows will probably be down,” Vinh said. A new governmental report on Vietnam’s 2012 socio-economic development orientation has the government targeting VND175 trillion ($8.75 billion) in disbursed FDI next year, or 18 per cent of the … [Read more...] about FDI to take hit amid malaise
Fdi
FDI hits US$5b in first half of year
Hanoi attracts US$875 million FDI in six months During the period, the foreign investors registered to pump nearly US$5.67 billion into 587 projects. Of the investments, 455 were newly licensed with a total registered capital of US$4.4 billion; the remaining 132 received additional capital totalling US$1.27 billion. With 205 projects and US$3.3 billion of registered capital, processing and manufacturing topped the list of foreign direct investment targets, accounting for 58.8 percent of the country's total FDI registered capital in the first six months. The construction industry came second with 54 projects totalling US$474.8 million. Among 38 countries and territories that invested in Vietnam in the first six months of the year, Singapore was the largest investor with US$1.33 billion, followed by the Republic of Korea (US$673.6 million) and Hong Kong (US$631.8 million). HCM City was the country's biggest destination for foreign investors as it attracted US$1.47 billion of FDI … [Read more...] about FDI hits US$5b in first half of year
Pledged FDI down, but disbursement goes well
Vietnam’s pledged foreign direct investment (FDI) capital dropped 28 percent year on year to $9.89 billion, while disbursed FDI capital increased 2 percent year on year to $8.2 billion in the first 9 months of this year. So, it is unlikely that Vietnam would not reach this year's target of $20 billion FDI capital attraction this year, according to newswire Vneconomy. However, disbursed FDI capital in the same period increased slightly, showing that the improvement of FDI inflow quality is on the right track. The disbursed FDI capital this year may reach $11-11.5 billion as targeted, said Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. The country’s FDI capital disbursement was estimated to reach $900 million in September, bringing the total figure in the first 9 months of this year to $8.2 billion. Vietnam granted investment licenses for 675 new FDI projects with a total pledged capital of $8.23 billion and allowed 178 existing projects … [Read more...] about Pledged FDI down, but disbursement goes well
Vietnam attracts $11.3 billion FDI
Foreign direct investment has dropped 22 percent year-on-year to US$11.3 billion, the Foreign Investment Agency reported. New projects accounted for $8.9 billion, down 30 percent, while 264 existing investors upped their investment by $2.4 billion, a 38 percent rise. Disbursement topped $9.1 billion, a 1 percent rise. The processing and manufacturing sector remained the most attractive to investors, with 362 new projects licensed and 190 others hiking their investment. At $5.6 billion, investment in this sector accounted for nearly half of all FDI. Electricity production and distribution with $2.5 billion, and construction with $712 million followed. Hong Kong was the largest investor with $2.98 billion, or more than a quarter of the total FDI. It was followed by Singapore with $1.55 billion and Japan with $1.31 billion. The northern province of Hai Duong remained the top destination for foreign investors, attracting $2.56 billion, or 22.7 percent of the country’s total … [Read more...] about Vietnam attracts $11.3 billion FDI
Utilizing the FDI inflow to go forward
Updated at Tuesday, 09 Jan 2018, 07:25 The Hanoitimes - New orientation in attracting foreign direct investment (FDI) is taken toward the direction of serving Vietnam’s socio-economic development. As such, the latest resolution No. 01/NQ-CP of the government on key missions and solutions in realizing the socio-economic strategy has proposed policies and regulations to support economic development in close relation with FDI. For example, in 2018, one of the key solution emphasized by the government is to develop industrial sectors, with priority focuses on Vietnam’s manufacturing and processing industry; industrial sector supporting agricultural sector; supporting industries in linkage with value chain of multinational corporations. Vietnam now put priority on high quality FDI projects to serve the purpose of socio-economic development. With regard to solutions on searching and expanding new markets for Vietnam’s goods and services, the government … [Read more...] about Utilizing the FDI inflow to go forward