Foreign direct investment into Vietnam is estimated to reach US$14.5 billion in 2008, up 11.5 per cent against the set target of US$13 billion this year, the Ministry of Planning and Investment (MPI) said in its Web site Thursday..
The 2008 figure is likely within Vietnam’s reach as the country has already attracted US$9.6 billion in FDI between January and September 2007, the ministry said, adding that many large projects are on the books for Vietnam.
Director Phan Huu Thang of the misnitry’s Foreign Investment Departmentted said in the statement that the foreign companies are expected to have total revenues of US$32.25 billion this year and will contribute US$1.55 billion to the state budge and create 150,000 jobs.
The foreign-invested sector is expected to have US$38.75 billion in revenue next year, Thang said.
He, noted that the figure of US$9.6 billion in January-September FDI is still modest compared to the forecast about a new FDW wave into the country with 48 projects capitalized at some US$50 billion.
The majority of these projects are just investors’ ideas, Thang said, specifying that several investors have submitted their projects to local concerned agencies but many others are still studying investment environment.
Whether these projects come into reality or not, which depends on both investors and local authorities, he emphasized.
Thang said that the FDI disbursement of US$3.3 billion in the first nine months, representing an on-year rise of 19.6 per cent, remains quite low against this year’s goal of US$4.5-5 billion.
The stagnant FDI disbursement mainly attributed to slow site clearance, time delay and complicated administrative procedures, Thang pointed out. (Tienphong online,
www.toquoc.vn))
Vietnamese
