Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>   Investment  >>   Vietnam foreign investment down
NEWS UPDATES 3 August 2010

Vietnam foreign investment down

Related Stories

July 2, 2010
 FDI projects examined by  Vietnamese

June 22, 2010
Economic indicators improving in Vietnam

June 21, 2010
Vietnam to raise investment in Cambodian rubber

June 18, 2010
Vietnamese firm urges infrastructure

June 15, 2010
U.S. to lend $500m to Vietnam

Vietnam’s foreign direct investment (FDI) has declined by 32 percent over the same period as last year but disbursement of foreign investment in the first seven months was marginally up over the same period last year, reaching US$6.4 billion, according to the Foreign Investment Agency.

The year's target is $10-11 billion.

"Improving the investment climate and paying more attention to the quality of foreign investment should receive our priority," commented Central Institute of Economic Management deputy director Vo Tri Thanh.

During the seven-month period, the nation attracted $9.1 billion in FDI, 68 per cent of the amount in the same period last year and far below the year's target of $22 – 25 billion. More than 530 new projects were licensed during the period, worth a combined $8.4 billion, an increase of 5.4 percent in the value of new projects but a 16 percent decrease in the number of projects.

In July alone, 16 projects registered to increase capital by a combined $190 million, bringing the amount of capital added to existing projects in the seven months to a total of $715 million. "I don't see any big change in newly registered FDI or disbursement in the first seven months," said Thanh. "We should be assessing FDI trends over a course of years rather than months."

The southern province of Ba Ria-Vung Tau was the top destination for foreign investment,

attracting $2.15 billion or 25.6 per cent of the total registered capital. It was followed by the northern province of Quang Ninh with $2.14 billion and HCM City, with over $1 billion. The leading sources of foreign investment during the period included the Netherlands, South Korea, Japan, the US, Taiwan, Mainland China, Singapore and Russia.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand