Foreign investor confidence returns
Deputy
Minister of Planning and Investment Nguyen Van Trung made the remark at a
recent conference themed “investment promotion in industrial parks” in
Hanoi.
The figure exceeds the modest 2013 target
of a 15 billion USD FDI inflow and has been the highest level recorded
since 2010.
Eugenia Fabon Victorino, an ANZ Bank
analyst for the Asia-Pacific region, said registered FDI capital is
still a salient point of the economy.
He stressed
that policy changes increasing foreign investors’ asset ownership have
helped result in a sharp increase in investment.
Though some insignificant barriers of administrative formalities still
remain, the domestic investment climate has been improved this year due
to the stability of the Consumer Price Index ( CPI )
and monetary market as well as the Government’s efforts in creating
investment incentives, numerous investors declared.
Around 43 percent of foreign firms in a survey on investors’ confidence
conducted by Grant Thornton Vietnam reflected positively on
the outlook of the Vietnamese market in the time to come.
The survey also says that only 13 percent of surveyed foreign
investors held negative thoughts on the market and half of those will
still expand their investment next year.
Binh Duong
province is an outstanding locality of FDI attraction as 52 overseas
investors pledged to implement their registered projects there and 18
foreign enterprises planned to expand current operation.
Chairman of the Association of Foreign Invested
Enterprises Nguyen Mai said FDI inflow in Vietnam will continue
to soar in the coming time and contribute greatly to national economic
growth in 2014.
He added that the quality of FDI has improved thanks to the investment of Samsung, LG and Robert Bosch groups.
The most prominent project is a 3.2 billion USD high-technology
complex invested by the Republic of Korea – based Samsung Group.-VNA