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January FDI up over 71% (28/01)
06/08/2010 - 13 Lượt xem
The country this month licensed 40 new projects worth more than US$285 million, up by 78.2% year-on-year, and drew nearly US$33 million as additional funds for operational projects, up by 31.6% year-on-year.
Thailand-based Promenada Canary Co. Ltd. was licensed to build a commercial center building worth US$95 million to become the biggest foreign investor in the year to date.
FDI disbursement in January totaled US$400 million, up by 33.3% from the same period last year.
According to the agency, this is a good signal for attracting foreign direct investment and Vietnam is expected to receive US$22-25 billion in newly registered and expanded FDI capital this year, an increase of 5-10% over 2009 on the back of international analysts’ predictions for an inflow rebound in 2011.
The country’s newly registered and expanded FDI capital was hit hard by the global crisis during 2009 with a sharp 70% drop from 2008 to US$21.48 billion.
Foreign-invested projects focusing on hotels and restaurants topped the FDI list in 2009 with total newly registered and expanded capital of US$8.79 billion, followed by property (US$7.6 billion) and manufacturing projects (US$2.96 billion).
Based on this, experts say Vietnam should focus on disbursement and not new investors.
At a recent conference on plans for 2010, Minister of Planning and Investment Vo Hong Phuc emphasized measures related to policies, planning, infrastructure development, human resources, management and investment promotion to attract FDI.
At another forum held in early December, foreign investors expressed great concern about Vietnam’s infrastructure.
One investor said it would be futile to shell out a large amount of money to build a modern port if there was no road leading to it or power for its operation. Others, especially property investors, were concerned with problems related to site clearance.
Source: VietNamNet/SGT
