FII to Vietnam Estimated at US$5Bln in 2007

Foreign indirect investment capital (FII) poured into the Vietnam is estimated at US$5 billion this year, said Nguyen Ngoc Bao, head of the State Bank of Vietnam’s Monetary Policy Department.

 

However, how much the FII capital is disbursed is not announced.

 

Experts say most of the FII has been changed into the local currency and kept in bank accounts to wait for disbursement.

 

A recent report from the Ministry of Finance showed only two of 25 IPOs of large state-owned businesses could be carried out this year, including Bao Viet and Vietcombank. Other companies, such as Habeco and Sabeco, have not got final approval for privatization from the ministry despite their completion of asset evaluation.

 

This means that foreign investors will not be able to make their disbursement as planned. (Securities Investment)