19 Dec '11, 3pm

Vietnam sees less foreign investments

SINGAPORE: Vietnam's spectacular growth story in recent years has turned it into a poster boy for emerging economies but it may be starting to lose some of its shine. So far, foreign investments this year have been below that of last year. Sectors such as manufacturing and education have been among Vietnam's hotspots for foreign investments in recent years. But such investments are set to be lower in 2011. For the first 11 months of this year, foreign direct investments are down by 20 per cent over the same period last year. There is so far only US$12.7 billion in foreign direct investments, equivalent to 83.8 per cent as against the same period last year. This may be partly due to the impact of the global economic slowdown. But analysts say it may not be all bad for Vietnam's economy. HSBC Vietnam head of Global Markets Pham Hong Hai said: "In terms of the investments int...

Full article: http://www.channelnewsasia.com/stories/marketnews/view/11...

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