Optimism Over FDI Attraction (10/3)
10/03/2011 - 12 Lượt xem
According to the Foreign Investment Agency, by February 23, 2011, investment certificates had been granted for 93 investment projects in Vietnam with total register capital of US$1.47 billion, equal to 74.3 percent compared to the same month of last year. In addition, 14 projects registered to increase the capital of US$86 million in total, equal to 27.8 percent compared to the same month of last year. Thus, including new projects and the projects capital of which increases, in February of 2011, foreign investors put US$1.56 billion in Vietnam, equal to 68 percent compared to the same month of last year. This is a more satisfactory figure than in late January. In January, just US$187.6 million was invested in Vietnam, equal to 15.7 percent compared to the same month of 2010. This figure raised a doubt about Vietnamese ability to attract FDI capital in 2011.
Apart from registering new projects and increasing capital of ongoing projects, the country saw a growth in investment capital disbursement in February. By February 23, US$1.15 billion had been allocated, an increase of 4.5 percent compared to the same month of 2010, promising a plentiful amount of capital to be flowed in Vietnam in the next months and years.
Another optimistic signal in FDI attraction is the change in the fields that attract FDI capital. Real estate and construction played a key role in drawing FDI capital for a long time. However, in February 2011, with 39 new projects with total investment capital of US$1.2 billion, equal to 77 percent of the total investment capital sunk in Vietnam in the first two months of this year, processing and manufacturing are the fields which attract the largest investment capital. This meets expectation of experts because the fields of real estate and construction seem to be overloaded and many projects invested in those fields have violated the government regulations and had investment certificates withdrawn.
Noticeably, foreign invested companies saw an increase in import-export values in the first two months of this year. It is estimated that export value of foreign invested companies hit US$6.98 billion, an increase of 40.1 percent compared to the same months of last year and equal to 56.6 percent of the country's total export value. Excluding crude oil, foreign invested companies estimated to export US$6 billion, equal to 48.7 percent of the country's total export value, an increase of 43.4 percent compared to the same months of last year. By February 23, the estimated import value of those companies had been US$5.93 billion, 31.9 percent more than in the same months of last year and equal to 41.9 percent of the country's total import value. Therefore, including crude oil, the trade surplus of foreign invested companies in the first two months of this year hit US$1.05 billion. This figure has a significant meaning, especially in the context that Vietnam is making enormous efforts to control trade deficit./.
Source: VEN.
