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Investment licenses for 33 FDI projects to be cancelled and revoked in 2010

The statistics released by the HCM City Department of Planning and Investment showed that there were 33 foreign direct investment (FDI) projects to be cancelled and revoked investment licenses in HCM City during 2010, most of which were small and medium-scaled ones. It was said that some projects had been granted investment licenses since 1993, [...]

Hanoi’s FDI attraction estimated at $800m in 2010

In 2010, the total foreign invested investment (FDI) capital for Hanoi is expected to increase 1.5 fold against 2009′s, according to the Hanoi Department of Statistics. This is the signal indicating the strong recovery of economies after the global economic recession. As estimated, in 2010, the capital city attracted about 350 FDI projects valued at [...]

FDI flows to Vietnam post sharpest decline in Asia: Financial Times

Foreign direct investment (FDI) in projects in Asia Pacific in 2010 has decreased for the second consecutive year despite the economy of this region witnessing a “V” recovery after the global financial crisis. However, the FDI Intelligence Department under the Financial Times noted that in 2010, the rate of decline in FDI was slower 6 [...]

Outbound investment slowly leaving its mark

Vietnam posted notable attainments in outbound investment in 2010 with around $3 billion in total registered capital and around $1 billion in disbursed capital. The military-run telecom group Viettel was among leaders committing fresh outbound investment ventures within the year. In early 2010 Viettel announced it had completed buying 60 per cent of stock of [...]

2010 sees strong growth despite challenges

Minister of Planning and Investment Vo Hong Phuc: 2010 is a successful year. In 2010 Vietnam’s GDP reached 6.78 percent, above the Government’s target for the last year of the 2006-2010 plan. The country’s growth was highest in ASEAN. Despite good signals for the national economy in 2011 and successes in 2010, Minister Phuc is [...]

Clubs of $1b in Vietnam

To date, more than 70 nations and territories have had foreign direct investment (FDI) projects in Vietnam and nearly one third amongst them have pledged FDI capital of from $1 billion or more. They are called the club of $1 billion foreign investors in Vietnam. If reviewing from 1988 till the end of 2010, this [...]

FDI lower in 2010, but spending up

For 2010, the amount of registered foreign direct investment (FDI) declined compared to the last several years, but disbursement of FDI rose. In HCM City, around US$1.17 billion of registered FDI valued at $1.82 billion was disbursed in 2010. “The high proportion of disbursement was because two-thirds of the projects had an intermediate level of [...]

Nghe An attracts 287 investment projects in five-year period

Nghe An province has attracted 287 projects with a total investment capital of nearly VND99,280 billion since 2006. Among those projects, the TH milk factory project has the largest scale with an investment capital of US$350 million, followed by the Smart City Vinh new urban area (VND2,299 billion), the rubber tree planting area (VND704 billion), [...]

South champions FDI flows

Southern key economic zones posted impressive foreign direct investment (FDI) outcomes in 2010. A southern growth engine, Ho Chi Minh City reported over $1.82 billion in newly committed FDI capital in 2010 and $1.169 billion in disbursed capital, making 11.7 per cent of the country’s total disbursed amount. Deputy head of Ho Chi Minh City [...]

Three stories about FDI in Vietnam

The most puzzling characteristic of picture the foreign direct investment (FDI) in 2010 is the decrease in the registered capital volume and the increase in the implemented capital. The most puzzling characteristic of picture the foreign direct investment (FDI) in 2010 is the decrease in the registered capital volume and the increase in the implemented [...]

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