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

[Shane Wall]

Dear Craig and CACC,
   I agree. These FDI numbers are like the time on a Vietnamese wedding 
invitation: Totally up to the recipient's perception!

   While I am not at liberty to disclose details, my translation work 
with some financial institutions here would indicate that published 
"growth" and "profit" numbers should be viewed as 'guesstimates' ... at 
best.

   I don't mean to suggest that there is anything untoward in these 
stories or numbers, I'm just applying the Intelligence Analysts' 
principle that you should: "believe none of what you read or hear, and 
only half of what you see or do"!

Shane
----------------------------------------------------------------------
Mr. Shane Wall
Principal,

Trans Lingual Express
188/16 Nguyen Thuong Hien St,
P.1, Q. Go Vap, HCMC,
Vietnam

Mail: shane.wall at translingualexpress.com
Web: www.translingualexpress.com

Mbl: +84 (090) 9484 753 (English)
Mbl: +84 (090) 7885 375 (Vietnamese)



Craig Stevenson wrote:
> [ Vietnam Business Forum ]
>
>   
>
> ------------------------------------------------------------------------
>
> 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 
> <mailto: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 © 2007 Thai News Service, Source: The Financial Times
>     Limited
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