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Vietnam Today

Vietnam leads in greenfield FDI performance

Released at: 14:40, 16/07/2015

Vietnam leads in greenfield FDI performance

2014 Index from Financial Times puts Vietnam ahead of other emerging markets by some distance.

by Minh Tuyet

Vietnam ranked first among emerging markets in the Greenfield FDI Performance Index 2014 released by Financial Times. Vietnam’s score of 8.14 was well ahead of second-placed Romania (3.91) and third-placed Hungary (3.8). Malaysia and Thailand held fourth and fifth places, with scores of 3.55 and 2.47.

The index’s methodology was devised by UNCTAD, the UN trade and development body.

In the first half of 2015 disbursement by FDI projects in Vietnam reached $6.3 billion, a 9.6 per cent increase year-on-year, according the Foreign Investment Agency under MPI. There were 48 countries and territories investing in Vietnam, led by South Korea with newly-registered capital of $1.52 billion, or 27.7 per cent of the total.

Vietnam’s economy has been evaluated as growing quickly and may reach 6.48 per cent for 2015 against a target of 6.2 per cent, according to the National Center for Socio-Economic Information and Forecasting (NCIF) under the Ministry of Planning and Investment (MPI).

GDP is expected to improve dramatically because of a wide range of factors, such as lower prices, solidly-performing FDI enterprises, and higher demand in export markets. Among industries, construction and processing and manufacturing are predicted to be the main drivers of growth.

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