Decrease in Vietnam Foreign Direct Investment
Foreign Investment in Vietnam feel during January-November 2009.
Vietnam Government through the ministry of planning and investment report, there is a decrease foreign direct investment (FDI) of 13% from the year 2008, to U.S. $10 billion. While the investment areement atawa investment commitments also fell by 75.6%. The promise of new investment will flow in January-Desember 2009 had been reached U.S. $16.35 billion. This figure is much lower than the investment commitments in 2008 and which reached U.S. $ 66.5 billion.
While for projects already underway, this year to get the flow of funds amounting to U.S. $5.14 billion, or down 1.7% when compared with the realization of years ago. The report also mentioned the flow of funds into Vietnam, some also come from remittances from abroad or remittance. This became the key to boost Vietnam’s balance of payments was under pressure because the trade balance divisit.
Prime Minister of Vietnam Nguyen Tan Dung said last week, Vietnam’s economy grew at 5.2% this year. But this economic stability can not be stable, because the trade deficits and low foreign exchange reserves following the collapse of direct investment flows, export and remittance.
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