Vietnam FDI Forecast to Hit New Record
Vietnam is forecast to attract US$19 billion in foreign direct investment (FDI) this year, making a new high record compared to last year’s US$10.2 billion, according to the Foreign Investment Department.
The figure is achievable for Vietnam, which has seen a large influx of foreign investors including very big names Honhai, Kumho Asiana, Compal Electronics, Berjaya Corp Bhd, Gamuda and Banyan Tree.
Between January and November, Vietnam pulled in US$15.03 billion FDI, up around 40 per cent on-year, the department under the Ministry of Planning and Investment said.
As many as 50 have to date attracted foreign investment out of the country’s total 64 cities and provinces, the department said.
Industrial projects have remained the most attractive to foreign investors, followed by service sector.
According to Unctad's World Investment Prospects Survey 2007-2009 released October 4, Vietnam ranked 6th among the most attractive economies in the world in terms of FDI, surpassing Thailand six levels.
Two third of 192 companies among the surveyed largest transnational corporations worldwide said that they planned to increase their FDI expenditure each year from 2007 through 2009. (Labourer)
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