Deputy Prime Minister Hoang Trung Hai has asked the Ministry ofPlanning and Investment to issue a list of fields and localities whichshould receive preferential investment.
It is a positivemove by the government in the context of Vietnam ’s registered FDIin the first seven months of this year hitting only 8.03 billion USD,down to 66.9 percent against the same period last year.
Investors hoped that the government’s document along with othersolutions will cement their belief to invest in Vietnam for thelonger term.
Prof. Nguyen Mai, the Chairman of the VietnamAssociation of Foreign Invested Enterprises, held that despite thedownturn of the global economy, Vietnam has still taken advantage bystarting negotiations on the Free Trade Agreement with the EU andimproving the partnership with the US , thus attracting more FDI fromthe world’s leading economies.
According to theassessment of the Planning and Investment Ministry, although FDI inVietnam has seen a decrease, recent data analyses still provedpositive.
For example, the disbursement of the FDI in thefirst seven months of this year reached 6.25 billion USD, accounting for99.2 percent compared to the corresponding period last year. This realflow of FDI capital around Vietnam has had a positive impact on thecountry’s budget and socio-economic development.
Additional registered FDI capital from FDI enterprises in Vietnam inJuly was up to 1.2 billion USD, representing 42 percent of the totaladditional capital in the first seven months of the year, and is anothergood signal.
Regarding export-import data of enterprisesgetting FDI, exports reached 39 billion USD in the first seven months,up 36.6 percent against the same period, accounting for 62 percent ofthe nation’s export turnover.
The annual report ‘AsianEconomic Integration Monitor’ (AEIM) released by the Asia DevelopmentBank (ADB) in late July forecast a huge FDI capital inflow into Vietnamand some other ASEAN countries.-VNA
It is a positivemove by the government in the context of Vietnam ’s registered FDIin the first seven months of this year hitting only 8.03 billion USD,down to 66.9 percent against the same period last year.
Investors hoped that the government’s document along with othersolutions will cement their belief to invest in Vietnam for thelonger term.
Prof. Nguyen Mai, the Chairman of the VietnamAssociation of Foreign Invested Enterprises, held that despite thedownturn of the global economy, Vietnam has still taken advantage bystarting negotiations on the Free Trade Agreement with the EU andimproving the partnership with the US , thus attracting more FDI fromthe world’s leading economies.
According to theassessment of the Planning and Investment Ministry, although FDI inVietnam has seen a decrease, recent data analyses still provedpositive.
For example, the disbursement of the FDI in thefirst seven months of this year reached 6.25 billion USD, accounting for99.2 percent compared to the corresponding period last year. This realflow of FDI capital around Vietnam has had a positive impact on thecountry’s budget and socio-economic development.
Additional registered FDI capital from FDI enterprises in Vietnam inJuly was up to 1.2 billion USD, representing 42 percent of the totaladditional capital in the first seven months of the year, and is anothergood signal.
Regarding export-import data of enterprisesgetting FDI, exports reached 39 billion USD in the first seven months,up 36.6 percent against the same period, accounting for 62 percent ofthe nation’s export turnover.
The annual report ‘AsianEconomic Integration Monitor’ (AEIM) released by the Asia DevelopmentBank (ADB) in late July forecast a huge FDI capital inflow into Vietnamand some other ASEAN countries.-VNA
