Net FDI to remain upbeat in 2011

The Ministry of Planning and Investment (MPI) last week forecasted that Vietnam would attract at least $ 11 billion in net foreign direct investment (FDI) capital and $ 20 billion in committed capital in 2011.

The MPI also reported that foreign investors had poured about $ 11 billion into investment projects in 2010, a 11 per cent jump compared with 2009. However, the committed capital last year was $ 18.59 billion, down 17.8 per cent against 2009.

According to the MPI, foreign-invested enterprises exported $ 38.8 billion last year (57% of total exports) and contributed $ 3.1 billion to the state budget in 2010, 27.8 and 26 per cent increases respectively against 2009. The government reported that Vietnam’s total export and import turnovers were estimated to be $ 68 billion and $ 81.5 billion, respectively, in 2010.

A government report stated that the government’s total expenditure in 2010 was about VND637 trillion ($ 33.5 billion), up 9.5 and 9 per cent against initial estimations and 2009’s disbursed sum, respectively.

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Net FDI to remain upbeat

Trade deficit, government budget deficit spark concerns