Vietnam among Top 10 Asian FDI Destinations: UN Report
Vietnam is among the top 10 Asian foreign direct investment (FDI) destinations, Vietnam News Agency quoted a report as saying Wednesday.
The World Investment Report from the UN Conference on Trade and Development (UNCTAD) said the country, which attracted fresh investment of US$1.6 billion in 2004, came ninth in the list led by mainland China with an estimated $60.6 billion.
The report, which was released September 29, showed Vietnam received $500 million more than Thailand.
As of late July 2005, Vietnam had 5,563 operational FDI projects with a total registered capital of nearly $48.8 billion. It hoped to lure $5 billion into new and existing projects this year, the report said.
There was an increase in global FDI inflows in 2004, representing a rebound after three years of decline. Total inflows reached $648 billion in 2004, up 2% from 2003. FDI growth in Asia was especially robust, at nearly 50%, topping $148 billion.
Asia remained the largest FDI recipient among developing regions with mainland China and Hong Kong – which retained its position as Asia's second largest FDI destination with $34 billion – accounting for over two-thirds of it.
They were followed by Singapore ($16.1 billion), South Korea ($7.7 billion), and India ($5.3).
(Source: VNA, UNCTAD World Investment Report)
Story from Thanh Nien News
Published: 06 October, 2005, 13:49:34 (GMT+7)
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