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In economic downturn, FIEs keep calm, continue expanding business (02/8)
02/08/2012 - 12 Lượt xem
The 30 million dollar additional investment capital of Hansae Vietnam nearly
comes true, when the third factory of the company in the Tan Huong Industrial
Zone in Tien Giang province completes and becomes operational in some months.
Kim Chul Ho, Hansae Vietnam General Director keeps without doubt about the company’s capability of obtaining the export turnover of 400 million dollars in 2012. The capital for the enterprise’s operation and the outlet of the enterprise’s products – the two biggest problems for Vietnamese businesses – both have been all right, because it still receives the support from the mother company.
This proves to be a great advantage of FIEs operational in Vietnam in the context of the deflation. It seems that the slowdown of Vietnamese enterprises’ production has created more favorable conditions for FIEs to scale up their production, especially the ones making products for export.
Dau tu has quoted AEIM, a report on Asian economy released by the Asian Development Bank (ADB) last week, as saying that the FDI flow to the 13 out of the 15 East Asian economies keeps increasing, despite the downward trend in the globe.
Especially, ADB has forecast that a big FDI capital flow is running to Vietnam, Indonesia, Singapore, Thailand and Malaysia.
In his speech delivered before leaving Vietnam late last week, both Ken Allen, CEO of DHL Express and Jerry K. Hsu, CEO of DHL Express Asia Pacific re-affirmed the plan of the company to pour more capital into Vietnam to develop the infrastructure system and upgrade the service to support export companies.
Explaining the plan, both the CEOs said that they can see great potentials of the Vietnamese market, which has been reflected in the good business performance of the DHL-VNPT Express. The joint venture has been maintaining the two digit growth rates since 2007.
The reports from official sources all have shown the good business performance of foreign invested enterprises, despite the common economic difficulties.
The export turnover of FIEs in the first seven months of 2012 reached 39 billion dollars, an increase of 36.6 percent over the same period of the last year, accounting for 2/3 of the total export turnover, according to NDHMoney.
Meanwhile, the FIE sector imported 32.9 billion dollars worth of products, up by 25.3 percent over the same period of the last year, accounting for 52 percent of the total import turnover. As such, in the first seven months of 2012, FIEs had the excess of exports over exports at 6.1 billion dollars.
It is the optimism of FIEs about the prospect which explains the figure about the 1.2 billion dollars worth of additional capital registered by the existing FIEs in July 2012. Of this amount, 1.19 billion dollars worth of capital would go to the manufacturing and processing sectors.
As such, 160 operational processing and manufacturing projects increased their capital by 2.2 billion dollars in the first seven months of the year. This is really a significant figure if compared with the 814 million dollars worth of additionally registered capital in the same period of the last year.
Hanoi has also reported the high additionally registered capital for existing FDI projects. 153.4 million dollars worth of capital have been registered additionally for the 17 projects operational in the industrial zones in the city. The high additional capital, plus the 112.4 million dollars worth of newly registered projects both ensure the fulfillment of the plan to attract FDI of the city in 2012.
The Hanoi’s Industrial Zone Board of Management has said that it is going to raise the target by 20 percent, which means that the capital city strives to attract 300 million dollars worth of FDI this year.
Source: VietnamNet.
Kim Chul Ho, Hansae Vietnam General Director keeps without doubt about the company’s capability of obtaining the export turnover of 400 million dollars in 2012. The capital for the enterprise’s operation and the outlet of the enterprise’s products – the two biggest problems for Vietnamese businesses – both have been all right, because it still receives the support from the mother company.
This proves to be a great advantage of FIEs operational in Vietnam in the context of the deflation. It seems that the slowdown of Vietnamese enterprises’ production has created more favorable conditions for FIEs to scale up their production, especially the ones making products for export.
Dau tu has quoted AEIM, a report on Asian economy released by the Asian Development Bank (ADB) last week, as saying that the FDI flow to the 13 out of the 15 East Asian economies keeps increasing, despite the downward trend in the globe.
Especially, ADB has forecast that a big FDI capital flow is running to Vietnam, Indonesia, Singapore, Thailand and Malaysia.
In his speech delivered before leaving Vietnam late last week, both Ken Allen, CEO of DHL Express and Jerry K. Hsu, CEO of DHL Express Asia Pacific re-affirmed the plan of the company to pour more capital into Vietnam to develop the infrastructure system and upgrade the service to support export companies.
Explaining the plan, both the CEOs said that they can see great potentials of the Vietnamese market, which has been reflected in the good business performance of the DHL-VNPT Express. The joint venture has been maintaining the two digit growth rates since 2007.
The reports from official sources all have shown the good business performance of foreign invested enterprises, despite the common economic difficulties.
The export turnover of FIEs in the first seven months of 2012 reached 39 billion dollars, an increase of 36.6 percent over the same period of the last year, accounting for 2/3 of the total export turnover, according to NDHMoney.
Meanwhile, the FIE sector imported 32.9 billion dollars worth of products, up by 25.3 percent over the same period of the last year, accounting for 52 percent of the total import turnover. As such, in the first seven months of 2012, FIEs had the excess of exports over exports at 6.1 billion dollars.
It is the optimism of FIEs about the prospect which explains the figure about the 1.2 billion dollars worth of additional capital registered by the existing FIEs in July 2012. Of this amount, 1.19 billion dollars worth of capital would go to the manufacturing and processing sectors.
As such, 160 operational processing and manufacturing projects increased their capital by 2.2 billion dollars in the first seven months of the year. This is really a significant figure if compared with the 814 million dollars worth of additionally registered capital in the same period of the last year.
Hanoi has also reported the high additionally registered capital for existing FDI projects. 153.4 million dollars worth of capital have been registered additionally for the 17 projects operational in the industrial zones in the city. The high additional capital, plus the 112.4 million dollars worth of newly registered projects both ensure the fulfillment of the plan to attract FDI of the city in 2012.
The Hanoi’s Industrial Zone Board of Management has said that it is going to raise the target by 20 percent, which means that the capital city strives to attract 300 million dollars worth of FDI this year.
Source: VietnamNet.
