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For the first time in the last five years, Vietnam experienced a decrease in foreign direct investment (FDI) during 2009, due to the impacts of the world economic downturn and domestic hindrances.

 

Particularly, Vietnam absorbed 839 new FDI projects capitalized at US$16.3bln, or only 24.6% compared to 2008. But, the volume of increased capital reached VND5.1bln or 98.3% compared to 2008, showing that foreign investors still highly spoke of the investment prospects in Vietnam.

Province-based FDI companies have generated jobs for laborers and contributed to enriching the province’s export products

In 2010, the Ministry of Planning and Investment has aimed at reaching between US$22bln and US$25bln in FDI, rising by 10% compared to 2009. Of these, the newly-registered capital expects to reach around US$19bln and the increased capital volume is estimated at around US$3bln. The FDI disbursement is expected to reach US$10bln or US$11blb, a 10% growth over 2009.

 

To achieve the above-mentioned targets, Vietnam’s investment attraction policies need to have strong changes, according to economic experts. Accordingly, Vietnam need to aim at the quality element in the investment attraction policies, focus on the hi-tech based investment projects that are capable of manufacturing products with high competitive ability…

 

 Reported by Dam Thanh-Translated by K.T