FDI Inflows to Vietnam on the Rise as Gov’t Touts Economic Growth

Tuan Minh

14:25 28/11/2017

BizLIVE - Foreign investors are pouring cash into Vietnam on optimism that the Vietnamese government will take further measures to sustain economic growth.

FDI Inflows to Vietnam on the Rise as Gov’t Touts Economic Growth

Actual FDI in Vietnam has already surpassed the 2015 amount.

Actual foreign direct investment (FDI) in Vietnam reached an estimated $16 billion year to November 20, representing a year-on-year increase of 11.9% and beating a record made in 2015, the Foreign Investment Agency under the Ministry of Planning and Investment has said in a monthly report.
FDI inflows to the Southeast Asian country hit a record high of $15.8 billion in 2016.
During the 11-month period, overseas investors committed to invest a total of $33.09 billion in greenfield projects, existing projects and stake acquisitions, leaping 82.8% from a year earlier.
Of the amount, FDI pledges for fresh projects increased 52% to $19.8 billion, for existing projects up 57.6% to nearly $8 billion, and for stake acquisition up 57.6% to $5.29 billion.
Processing and manufacturing remained the most appealing sector when attracting $14.95 billion, accounting for 45.2% of the total. The runners-up were the electricity production and distribution and real estate industries.
Among 112 countries and territories investing in Vietnam, Japan surged to take the lead from South Korea when investing $8.94 billion. South Korea came second with $8.18 billion and Singapore followed with $4.69 billion.
The Vietnamese government is highly likely to meet its economic growth target of 6.7% this year, putting Vietnam among the fastest-growing economies in Asia. A 6.5-6.7% growth target is set for 2018.

TUAN MINH

Từ khóa: FDI

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