Dec 4, 2011. Foreign direct investment (FDI) disbursements will reach about $11 billion in 2012, signaling that Vietnam remains a favourite venue for investors despite the country’s economic slowdown.
At the same time, the Ministry of Planning and Investment’s (MPI) Foreign Investment Agency reported that new FDI commitment capital, as opposed to disbursements, this year to date has reached only $12 billion, a 21.4 per cent drop in commitments compared with 2011.
Samsung Electronics last month obtained an investment certificate for its expansion project worth $830 million in northern Bac Ninh province, bringing its total investment in Vietnam to $1.5 billion.
In the year, Vietnam also received investments from transnational companies such as Bridgestone, Nidec Corporation, General Electric, Jabil Corporation and Sumitomo Corporation.
According to a Global Manufacturing Competitiveness Index report released by Deloitte Touche Tohmatsu and the US Council on Competitiveness, Vietnam jumped from its current global ranking of 18th to 10th.