[Vnbiz] Vietnam: South rings up $15 billion in FDI

[Craig Stevenson]

Dear CACC:

This number seems wrong to me.  I thought total committed FDI for VN this
year was 9,2 Billion.  Am I wrong?

Plus, it is written as if 15 billion was spent whereas FDI would be
commitments, and not all commitments end up being disbursed or spent.

On a side note, recently read *"The Vietnamese Economy: Awakening the
Dormant Dragon"* written by 15 VN economists in 2003.  Excellent read.  I
recommend it to anyone who hasn't read it.  If you have, or are familar with
the economists who wrote it, and know of more recent articles in English
written by any of the 15, please do me/us the kind favor of
sharing articles.  I would really be interested to see how/what things have
altered since the book was written.

The book is really well-written, able to be read by economists and
non-economists alike, I really do recommend it.

Routledge/Curzon is the publisher

Craig


On 10/18/07, Tai Phan <k.phan007 at gmail.com> wrote:
>
> [ Vietnam Business Forum ]
>
>
>
> 10/17/2007 10:40:38 PM EDT
> THAI PRESS REPORTS
>
> <http://ad.doubleclick.net/jump/paidnews.com/paidnews;cui=edge300;kw=newbie;kw=Newbie;kw=6799;kw=3674;kw=3357;kw=3572;kw=6722;kw=7372;kw=Intel+Corporation;kw=Trading;kw=INTC;kw=ind-1254;kw=NASDAQ%2B%2528GS%2529;kw=ac-408;kw=st-CA;sz=300x250;tile=3;ord=770f9f2156bbd3a8595a405185028f58?>
>
> Section: Regional News - Foreign investors have invested US$15.3 billion
> in 2,203 projects in the southern provinces of Vietnam so far this year, an
> official has said.
>
> The southwest area is attracting more and more foreign investment, with
> the 13 provinces of the Mekong Delta now with 33 new projects worth a total
> of $800 million.
>
> Among the provinces, Hau Giang ranks first in FDI with $629 million.
>
> The Southeast Steering Committee is working with the Southwest Foreign
> Investment Centre under the Ministry of Planning and Investment to lure more
> investment.
>
> Related authorities have planned a project to attract investment and trade
> promotion for Delta provinces through 2010.
>
> According to leaders from the southwest provinces, transparency and
> simplified procedures would be a plus to attract investors and encourage
> them to take full advantage of land and labour force.
>
> Ho Chi Minh City and southeast provinces still remain a priority in
> foreign investors' eyes because of the advantages of location, human
> resources and favourable investment policies.
>
> My Phuoc Industrial Park in Binh Duong Province has a new $300 million
> tyre-producing factory and Ba Ria - Vung Tau Province has approved a $136
> million project in Phu My 1 Industrial Park.
>
> Recently, in Ho Chi Minh City, the US-based Intel Corporation announced
> that it would enlarge its factory in the Sai Gon Hi-Tech Park by investing
> an additional $1billion to the total investment so far of $300 billion.
>
> The Foreign Investment Centre, and the Ministry of Planning and Investment
> said more FDI projects would be deployed in the provinces of Ba Ria - Vung
> Tau, Binh Duong, Dong Nai and in Ho Chi Minh City. - VNS
>
>
> Copyright (c) 2007 Thai News Service, Source: The Financial Times Limited
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