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FDI disbursements to remain stable
The registration of new foreign direct investment (FDI) is not expected to increase considerably and will remain at a level of about US$11-12 billion, predicted the University of Economics and Business's Centre for Foreign Investment Studies.
Cumulative FDI would likely reach $320 billion by 2015, with $145 billion of it disbursed, the centre said – indicating that the gap between registered and disbursed FDI would be double the current figure.
Top priority in 2011should therefore be given to fostering FDI disbursement to better narrow this gap, said Centre Director Phan Huu Thang.
FDI disbursements during the first 11 months of this year increased by 9.9 per cent over the same period last year, reaching $9.95 billion, while new FDI dropped by 40 per cent to $13.3 billion, according to the Foreign Investment Agency (FIA).
Some Viet Nam's traditional investment partners, such as South Korea, Taiwan, the EU and the US, had cut back on overseas investments since the economic crisis, said Thang, who is also FIA's former director.
Meanwhile, he added, Viet Nam continued to experience challenges in attracting FDI, including cumbersome administrative procedures, inadequate infrastructure and electricity shortages.
Thang predicted that FDI in the real estate sector – once a highly attractive sector – would slow next year due to an oversaturated market and the slow implementation of foreign-invested projects already registered, especially in the nation's southern region. However, he expected that investment in construction and manufacturing would continue increasing.
In the first 11 months of this year, the processing and manufacturing sector attracted the largest share of FDI, accounting for $4.37 billion.
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