FDI in Vietnam has declined half partly due to the global economic recession

(VOVworld) – Foreign investors have poured 5.32 million dollars of foreign direct investment capital in Vietnam this year. This represents 68% of the registered FDI of the same period last year. Nguyen The Phuong, the Deputy Minister of Planning and Investment, says that more and more investment capital is moving into the industrial and processing sectors with a rise of 50% last year alone. Mr Phuong explains the reasons behind this ‘The decline is due to an increase in the number of major real estate projects that only exist on paper. Vietnam has recently focused on checking the authenticity of sources of FDI. As a result, in the short term, there will be a decline in registered investment capital, while in the long-term, Vietnam will still able to attract more quality investment’.