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MPI still upbeat over FDI disbursement (07/11)
06/08/2010 - 108 Lượt xem
Ministry of Planning and Investment (MPI)’s Foreign Investment Agency (FIA) figures show that disbursed foreign direct investment (FDI) capital in Vietnam saw an increase of $1 billion per month since September when the financial turmoil first hit the United States.
The last two months’ increases brought disbursed FDI to $9.1 billion between January and October this year.
MPI vice minister Nguyen Chi Dung said that stable disbursed FDI growth would maintain until the end of next year.
“Gigantic rises in both registered and disbursed FDI show the foreign investor community’s growing confidence in
“I myself believe that the disbursed FDI in 2009 will be almost the same with this year’s level of around $12 billion,” he said.
Thomas Bo Pedersen, managing director of Mascot International Vietnam, shared his appreciation for Vietnam’s FDI growth over the last few years. “From a foreign investor’s viewpoint, Vietnam remains stable, having a good investment climate and a good labour force,” Pedersen said.
In March this year, Mascot started operating a $10 million garment factory with 5,000 units per day in Hai Duong province after it decided to set up the facility in Vietnam two years ago. The Hai Duong-based factory will become Mascot’s distribution centre for raw materials for the firm’s production lines in Asia and elsewhere.
“We expect within one or two years to double our investment projects in Vietnam,” Pedersen confirmed. “Though, every foreign investor sees infrastructure and education are the two biggest challenges for the Vietnamese government.”
Nguyen Ngoc Phi, chairman of Vinh Phuc People’s Committee, said that besides improvements in infrastructure and labour skills, transparent facilitation to foreign investors to quickly implement their projects would be very important amidst the global financial turmoil.
Vinh Phuc was expecting to licence a G.O.Max I&D’s proposed horse-race track worth $570 million and Taiwan’s Foxconn’s hi-tech projects worth $1 billion. “Once these projects go through, Vinh Phuc will be able to stabilise FDI fund for next year,” Phi said.
Source: VIR
