Despite problems, 2011 FDI spending equals 2010

In 2011, the country attracted $14.7 billion in FDI, equal to 74 per cent of 2010. Over $11.5 billion came from 1,091 newly-licensed projects while the rest was from 374 existing projects that increased their capital.

Overseas Vietnamese workers to send home $1.8 bln: ministry

The agency forecasts there would be about $10 billion of overseas remittances to be transferred to the country by overseas laborers in 2011-2015. Though the total amount of money sent home by Vietnamese workers are still small compared to that in some other countries which is even higher than the foreign direct investment (FDI) capital, international aids and higher than the export turnover of some key items, it has help significantly improve the poverty and promote investments, said the department’s spokesperson.

Industrial park moves offset FDI downturn

Total foreign direct investment (FDI) commitments are declining in Vietnam, but new industrial park investment registration shows the country is still attractive to foreign manufacturers.

FDI should be on the right track

Many foreign-invested enterprises in Vietnam are struggling at the bottom of the value chain. “On average, only 5 percent foreign investors nationwide invests in advanced technology production and information and communication technology; 5 percent takes part in scientific and technical services; and 3.5 percent in insurance or finance, which all require high-caliber workforce,” states the PCI report. “Foreign-invested businesses’ trend toward raw material exploitation should be scrutinized and analyzed carefully,” Dr. Tran Dinh Thien, director of the Vietnam Institute of Economics, stressed.

HCM City takes lead in FDI attraction in April

The FDI disbursement in April reached around US $1.08 billion, bringing the total figure to US $3.62 billion in the past four months, or a year-on-year increase of 0.6%.

FDI falls almost 50% in four months

Up to 262 new foreign-invested projects, capitalised at $3.2 billion, were licensed from January to April, an annual decrease of 54.9 per cent.

FDI disbursement reaches USD 600 million in February

The Foreign Investment Department under the Ministry of Planning and Investment (MPI) reported that nearly USD 600 million of FDI capital was disbursed in February, 2011, raising the figure for the first two months of the year to USD 1.15 billion, a year-on-year increase of 4.5%.

Registered FDI down, disbursement still up

The ministry reported FDI disbursement continued to rise. During the period, about $1.15 billion of FDI has been disbursed, posting a year-on-year increase of 4.5 per cent. Processing and manufacturing industries topped FDI attraction with registered capital of $1.2 billion in the two-month period, followed by construction with $71.7 million and retail and wholesale, $48.8 million.

Ca Na debacle a tough lesson

According to a Government Office announcement, Prime Minister Nguyen Tan Dung agreed with Ninh Thuan People’s Committee to revoke the investment certificate of the long-delayed $9.8 billion Ca Na steel manufacturing complex project. The agreement put an end to the so called “illusive project”, which was registered for investment by Malaysia’s Lion Group and financially-troubled Vinashin three years ago. The case leaves lessons for local authorities, responsible for attracting foreign direct investment (FDI) to their provinces under the government’s decentralisation policy.

January FDI plunges to $187.6 mln

The processing and manufacturing sector remained the most attractive area for foreign investors, receiving $70 million, followed by construction with $63.6 million.

Positive signs in FDI flow amid decreases

Last year, around 55 nations and territories in the world poured their money in Vietnam. Singapore took the lead among major foreign investors with the total registered investment capital of more than US$4.4 billion, making up nearly 24 percent of the total FDI, followed by the Netherlands and the Republic of Korea.

FDI flows to Vietnam post sharpest decline in Asia: Financial Times

The FDI Intelligence Department under the Financial Times noted that in 2010, the rate of decline in FDI was slower 6 percent compared with 16 percent in 2009. This data provided the first information on the trends of FDI in 2010, showing that the capital inflow may be less “exciting” than previous predictions and inconsistent with the average economic growth at 8.2 percent of Asia, excluding Japan.

FDI attraction– advantages and challenges

The total registered FDI to Vietnam was US$18.6 billion in 2010, 17.8 percent lower than in 2009, not meeting the set target of US$22-25 billion. However, it shows investors’ confidence in Vietnam’s business environment. In 2010, Singapore became the biggest foreign investor to Vietnam with the total newly-registered capital of US$4.4 billion, accounting for 24 percent of FDI capital in Vietnam, followed by the Netherlands and the Republic of Korea.

Policies have key role in attracting investment

According to the Ministry of Planning and Investment, Vietnam had 12,213 FDI projects with a combined registered capital of US$192.9 billion in the 2001-2010 period. Of the capital, about US$63 billion has been put into operation.

South champions FDI flows

A southern growth engine, Ho Chi Minh City reported over $1.82 billion in newly committed FDI capital in 2010 and $1.169 billion in disbursed capital, making 11.7 per cent of the country’s total disbursed amount.

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