Utility industry receive the largest FDI in 2017
Out of the manufacturing sector, utilities accounted for 42% of registered FDI in the first 11 months of 2017.
Vietnam continues to be a major attraction for FDI in the region. In the first 11 months of 2017, new registered FDI has increased by more than 50% compared to registered in 2016, reaching $ 16,301 million, according to ANZ. For the period of 15 years from 2010 to 2015, the total FDI into Vietnam is nine times that of neighboring Myanmar, Laos and Cambodia. Eugenia Victorino, ANZ Economic Specialist, Greater Mekong Subregion and Southeast Asia, expresses optimism that Vietnam will attract good FDI in the long run, thanks to macroeconomic stability such as the exchange rate. exchange rate, growth rate and inflation.
Notably, the rise of investment in utilities (electricity, gas, water, and air conditioners) rose 42% 1% in 2016. Meanwhile, production (processing and manufacturing) decreased to 32% from 68% last year.
Eugenia said this is a positive trend, because the development of this utility will help catch up with the development of the manufacturing sector, helping to offset rising electricity demand in the future. In addition to this, Dennis Hussey, ANZ Vietnam General Manager, Greater Mekong Region Director, said that in this sector, many power projects are registered, which is typically a project. Construction of gas pipelines for gas-fired power plants.
According to the Foreign Investment Department, among the big projects licensed in the first 11 months of 2017 is Nghi Son 2 BOT Thermal Power Plant with the capacity of 1,200 MW, Van Phong BOT Thermal Power Plant 1 with capacity 1,320 MW, Nam Dinh 1 BOT thermal power plant with a capacity of 1,109 MW, and Block B - O Mon gas pipeline project.
The largest FDI partners in Vietnam come from Japan, Korea, Singapore, China, the British Virgin Islands, Hong Kong and Taiwan.
(Source: baodautu.vn)
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