Foreign investor confidence in Vietnam economy recovers

FDI capital during the period reached an estimated USD15 billion, a year-on-year rise of 36.1 percent. Of this, newly-registered capital was USD9.29 billion and increased capital was USD5.71 billion, up 34.9 percent and 37.9 percent, respectively.

In addition, thanks to improvements in the macro-economic climate, Vietnam's competitiveness index rose continuously, increasing five ranks from the 75^th to 70^th place, while the macro environment index jumped from the 106^th to 87^th place.

On the international market, foreign investors' confidence in Vietnam's economy was also improved through Vietnam's credit default swap declining sharply from over 300 points of the same period last year to around 250 points over the past few months.

GDP growth in the third quarter was higher than the forecast at 5.54 percent, contributing to bringing GDP growth in the first nine months this year to 5.14 percent, a little bit higher than the figure of the same period last month of 5.1 percent.

Inflation was controlled during a long time and tended decrease gradually, staying around 7 percent. These are good signs to create a firm foundation for medium-term inflation stability.

(Source: Dangcongsan.vn)