Domestic and foreign economists have discussed Vietnam's FDI attraction prospects in 2009, taking an optimistic look that Vietnam will remain a hot spot of FDI inflows in the face of global recession, according to Investment newspaper.
Peter E.Dinning, CEO of Colliers International said the crisis has not strong impacts on Vietnam's economy, however, real market segmentation stands still, or almost is frozen after local banks hiked lending rates, pushing realty developers into dilemma, the newspaper said.
Adib Kouteili, director of PEB Steel said it is time to take a look back at the quality of FDI projects in Vietnam. "I personally sees Vietnam as a destination for foreign investors, and I am optimistic that investments will be improving with increased disbursements in mid-2009.”
Meanwhile, PhD Prof Nguyen Mai, former chairman of the State Commission for Cooperation and Investment said Vietnam's FDI attraction will be impacted from two factors: macroeconomic situation and adjustments in policies by international groups over the globe, which may reduce their operations, or may halt infeasible FDI projects.
Phan Huu Thang, head of the Ministry of Planning and Investment's Foreign Investment Department predicted that 2009’s FDI will ease at 2006's figures, and FDI disbursement value will hit US$11 billion and US$12 billion.
PhD Pham Do Chi, vice CEO of VinaCapital proposed stimulating domestic demand to offset shrinking export markets due to the crisis.
Jonathan Pincus, rector of Fullbright program hailed widening forex trading band by Vietnam, recommending the government of Vietnam should focus on improvements of infrastructure networks for business community, fix reasonable prices of electricity and manpower, all factors of advantages of one country. (Investment)
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