Ministry hopes to attract $25 billion investment in Vietnam in 2010 (21/01)
06/08/2010 - 8 Lượt xem
The information was released by Bui Quoc Trung, FIA deputy director on January 18 at the press conference announcing the 2009 Golden Dragon Awards.
FIA believes that Vietnam will see considerable improvement in FDI in 2010 when the global economy begins to recover, but FDI capital to be committed will be still far from the $71.7 billion seen in 2008.
According to FIA, 839 FDI projects had been implemented in Vietnam with total registered capital of $21.48 billion by December 15, 2009. As such, over the last 20 years, since Vietnam kicked off the policy on attracting FDI, the country has received $177.1 billion worth of foreign capital.
The volume of FDI registered in 2009 was just equal to 30 percent of that in 2008 due to the global economic crisis. However, the disbursed capital was equal to 87 percent of that in 2008. Experts say that the high disbursement ratio has a very important significance, which shows the narrowed gap between commitments and actions of foreign investors.
In the end, 2009 witnessed a considerable decrease in the number of countries and territories with investments in Vietnam. According to Trung, in 2009, only 43 out of 89 countries which once had investments in Vietnam, registered new investment projects. The US continues to lead the way, followed by Taiwan, South Korea, Japan and Singapore.
Having attracted $27.2 billion worth of FDI over the last three years, HCM City still leads localities in terms of FDI attraction. Other localities including Hanoi, Dong Nai and Binh Duong provinces have also obtained satisfactory results.
Trung said that the biggest hindrances now for attracting FDI are infrastructure and the legal framework. “If Vietnam can settle these problems well, it will be able to receive $22-25 billion worth of committed investment, while the disbursement sum may reach $11 billion,” Trung said.
An UNCTAD’s report on global investment shows that total outward investment in 2008 reached $1.7 trillion . The figure dropped to $1.2 trillion in 2009, but is expected to rise again this year to $1.4 trillion and $1.8 trillion in 2011. It is estimated that 43 percent of this capital will be poured into developing countries, while developed economies will catch 29 percent.
FDI in Vietnam in 2006-2010:
|
Year |
Registered capital |
Disbursed capital |
|
2006 |
12 |
4 |
|
2007 |
21.3 |
8 |
|
2008 |
71.7 |
11.5 |
|
2009 |
21.48 |
10 |
|
2010* (expected) |
22 - 25 |
11 |
Source: VietNamNet/VNE, VnMedia
