$57 Billion USD in Vietnam FDI: Show me the money!

SEP 25, 2008
Vietnam Business News

Vietnam attracts over 57 billion USD in nine months Viet Nam attracted 57.12 billion USD in FDI over the past nine months, a five-fold increase on the same period last year, the Foreign Investment Agency (FIA) has said.

According to the foreign investment watchdog, foreign investors were very keen on investing in industry and construction as they poured a staggering 32.3 billion USD into 484 projects in those fields during the first nine months of 2008. The FIA estimated that investment in projects in the fields of industry and construction accounted for 57.48% and 54.68% of the total FDI and the overall number of projects, respectively. The service sector attracted overseas investment of 23.7 billion USD for 361 projects while the agriculture, forestry and fisheries sectors drew in just 1.12 billion USD.

The FIA reported that Malaysia has climbed into first place on the list of 40 countries and territories who have invested in Vietnam in the past nine months. The Southeast Asian country has registered 14.8 billion USD for 37 projects, accounting for 26.45 percent and 4.1%, respectively, of the registered FDI and the number of investment projects.

The second-largest foreign investor was Taiwan, with 8.6 billion USD and 116 projects, followed by Japan, Brunei and Canada. In the past nine months, 8.1 billion USD in FDI was disbursed, an increase of 37.3% over the same period last year, according to the FIA.

Notes: Stay out of the fish business. And who's to know if these numbers are even close to real. The government here is well known for just manufacturing numbers when it's convenient and sells well. But then again, it beats the US where the numbers are real and in the negative billions. In the US you can't blink an eye without another bank going bust or Sarah Palin saying something dumber than Dan Quayle, while in Vietnam a new bank pops up every day looking to get a start in a market where only 10% of the population currently participates in the banking system.

$2.42 cents!: But not from PayPerPost

Monetize baby! That's what I urged you all to help me do a few posts ago and I'm happy to report it's working like gangbusters! A big shout-out to Joyce for getting the ball rolling. Before Joyce, I was just sitting on a measly 0.83 cents – for two month's work – but after her hard-clicking efforts, I'm up to a blistering $2.42! – a better than three-fold increase. That's all green my friends – all green.

And so with this little head of steam, we're heading into Phase II of the Wild Wild East Monetization Program. It gets positively snarky from this point on. Enter, the perfectly, positive people at PayPerPost. According to their website, they're offering me $20 bucks if anybody goes there and converts themselves into an active account because they saw it here first. In the fine print; paragraph 17.2a there is a small mention of "transferring right of first refusal of first newborn male progeny from contractor to client" and something about DNA checking but other than that, things seem pretty much on the up-and-up.

Here's a blurb from their site:

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You know, there's a lot to think about in life today. There's the global warming thing, the idea that a black man and a pretty woman are in a catfight for our nation's highest offices, that nasty bailout business, the fake memoir scandal and the debate over whether Spitzer's bitch will get rich or not – but here's a good clean, no compromise deal!

In accordance with the request from PPP I will dutifully be reporting to you about "all the new friends I've made", "what I have learned" and a detailed description of "what I'm going to do with all the money I earn?".




Shoot. I'm going to black out the windows of my Bentley in Vietnam so all the little people can't see me. Yeah, that's what I'm going to do.



P.S. As a post script, I haven't heard squat from Pay Per Post since this went up. I certainly haven't made my $20 and they have not even approved this blog. I just wrote to them and asked them to discontinue my account. This looks like another dead end on the Internet. BS 2.0