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Vietnam maintains FDI growth despite crisis   2009-09-20 - Thanh Nien

A number of Southeast Asian countries, including Vietnam, have been able to maintain growth in foreign direct investment (FDI) despite the global economic slump, according to a United Nations report.



The World Investment Report 2009 report, announced on September 17 by the UN Conference on Trade and Development (UNTAC), said since the economies of the South, East and Southeast Asian region are heavily dependent on external demand, inward FDI should begin to pick up when the global economy improves.

The overall trend in Asian countries to make national policies and legislation more favorable to FDI is opening up more opportunities for foreign companies to do business in the region.

Government policy responses to address the financial crisis and its economic aftermath in countries such as China, Malaysia, South Korea, and Thailand have played an important role in creating favorable conditions for a recovery of economic growth and FDI inflows, the report said.

However, the region has not been able to escape the shock of the global financial and economic crisis, and FDI inflow has been slowing since the last quarter of 2008.

Earlier momentum in 2008 meant that FDI to the region rose by 17 percent to reach a record high of $298 billion for the year. The report t indicates that FDI inflows were one third lower in the first quarter of 2009 than in the same period of 2008.

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