Showing posts with label Foreign Direct Investment. Show all posts
Showing posts with label Foreign Direct Investment. Show all posts
Friday, August 9, 2013
BVI Among Major Foreign Investors in Nepal in 2012/2013
According to the Department of Industry of Nepal, the amount of Foreign Direct Investment (FDI) in the economy of the country increased by 163% in year 2012/2013, as compared to the previous fiscal year. In 2012/2013, 275 joint venture companies were registered in the country. They have committed to make investment of Rs 18.84 billion, while in 2011/2012 FDI commitment was Rs 7.14 billion.
British Virgin Islands is at the top of the list of countries investing in Nepal, in terms of commitment amount, with investment commitment of Rs 4.49 billion. The BVI is followed by Hong Kong with investment commitment of Rs 3.07 billion, and India with as much as Rs 2.45 billion. In terms of number of companies, China is on the leading position with 87 joint ventures, followed by India. Most of FDI from China and Hong Kong are in the sector of hydropower projects and infrastructure development.
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Friday, December 10, 2010
BVI among Top Investors in Hong Kong Economy
According to the official data on Foreign Direct Investments by the end of 2009, published by Hong Kong Census and Statistics Department on December 9, 2010, the stock of the city's inward direct investment increased by 14.8 percent from the previous year, and made HK$7,262.1 billion (US$934 billion) at market value.
The major immediate investment source was mainland China, which accounted for the largest share at the end of 2009, at 36.4 percent. The second major source of investment were the British Virgin Islands, with 32.4 percent of total stock of HK FDI at the end of 2009. The Netherlands, with 6.8 percent, were the third.
According to the Hong Kong Statistics Department, Foreign Direct Investment in HK economy, especially that of mainland's China, covers wide range of economic activities, including investment, holding, real estate, professional and business services, import/export, wholesale and retail trades; transportation, storage, postal and courier services.
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The major immediate investment source was mainland China, which accounted for the largest share at the end of 2009, at 36.4 percent. The second major source of investment were the British Virgin Islands, with 32.4 percent of total stock of HK FDI at the end of 2009. The Netherlands, with 6.8 percent, were the third.
According to the Hong Kong Statistics Department, Foreign Direct Investment in HK economy, especially that of mainland's China, covers wide range of economic activities, including investment, holding, real estate, professional and business services, import/export, wholesale and retail trades; transportation, storage, postal and courier services.
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Saturday, February 28, 2009
BVI Among Top Investors According to Chinese FDI Statistics in 2008
The Ministry of Commerce of China said that the growth of foreign direct investment (FDI) into the Chinese economy fell for the third month of 2009. For the whole year 2008, FDI however grew 23.58 percent and made $92.4 billion (compared to 13.59 percent to $74.8 billion of actually used FDI in 2007), due to the intense growth in the first three quarters of the year.
According to the data reported by the Ministry of Commerce, the major source of FDI for China in year 2008 was Hong Kong, which provided the country with $41 billion for a 48 percent annual increase. The second big FDI source was British Virgin Islands, which invested $15.95 billion. However, the percentage of funds invested by the BVI is just 3.62 - that is less than in 2007, reflecting the general trend.
The level of foreign direct investments from Japan rose 1.76 percent and made $3.65 billion in 2008, followed by South Korea with $3.14 billion (14.76 percent), and the US with $2.94 billion – the rise of 12.54 percent.
The industries which received most of all FDI were banking, insurance and securities, which drew $38.1 billion, or 24.23 percent more than in 2007. Actually, in the past decade China has been one of the biggest FDI recipients, but some experts guess that the global financial crisis could change this trend. For example, Mei Xinyu, a senior researcher with the Ministry of Commerce, said he was not optimistic about this year FDI level. Some experts even say that FDI could fall by 5-10 percent in the first half of the year, but positive turn is also expected – in the second half of 2008.
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According to the data reported by the Ministry of Commerce, the major source of FDI for China in year 2008 was Hong Kong, which provided the country with $41 billion for a 48 percent annual increase. The second big FDI source was British Virgin Islands, which invested $15.95 billion. However, the percentage of funds invested by the BVI is just 3.62 - that is less than in 2007, reflecting the general trend.
The level of foreign direct investments from Japan rose 1.76 percent and made $3.65 billion in 2008, followed by South Korea with $3.14 billion (14.76 percent), and the US with $2.94 billion – the rise of 12.54 percent.
The industries which received most of all FDI were banking, insurance and securities, which drew $38.1 billion, or 24.23 percent more than in 2007. Actually, in the past decade China has been one of the biggest FDI recipients, but some experts guess that the global financial crisis could change this trend. For example, Mei Xinyu, a senior researcher with the Ministry of Commerce, said he was not optimistic about this year FDI level. Some experts even say that FDI could fall by 5-10 percent in the first half of the year, but positive turn is also expected – in the second half of 2008.
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Wednesday, September 3, 2008
BVI in the list of Major FDI Investors in Vietnam
According to the information reported at a meeting in Ha Noi by the Ministry of Planning and Investment, during the first eight months of the year Vietnam attracted foreign direct investments on the amount of US$47.2 billion into its economy. The number of new FDI projects is down 20% from last year, however, despite high inflation and slow economic growth in the country, new FDI enterprises contributed investment capital at $46.3 billion – five times more than in the same period last year. Besides newly licensed projects, the expanded projects of foreign investors in the country provided combined additional investment of $833 million – that is 55% increase year-on-year.
So far, the neighbour country of Taiwan is the leader among 38 nations and territories investing in Vietnam's economy. Other major FDI investors are Japan, British Virgin Islands and the US, Malaysia, Brunei, Canada, Singapore and Thailand. Most of these countries, including BVI, have remained on the top list for a long time. In the official statistics of this year, earlier published by the Foreign Investment Agency of Vietnam, BVI ranked the second among foreign investors.
This time, it was admitted by representatives of foreign-invested enterprises that the Vietnamese economy was facing great challenges. They also expressed confidence that “the country would overcome these obstacles and become more attractive to international investors in the long term.”
More than 50% of new projects launched by FDI investors in Vietnam were in services industry; 48.6% went to manufacturing and construction, and the agro-forestry-fishery sector.
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So far, the neighbour country of Taiwan is the leader among 38 nations and territories investing in Vietnam's economy. Other major FDI investors are Japan, British Virgin Islands and the US, Malaysia, Brunei, Canada, Singapore and Thailand. Most of these countries, including BVI, have remained on the top list for a long time. In the official statistics of this year, earlier published by the Foreign Investment Agency of Vietnam, BVI ranked the second among foreign investors.
This time, it was admitted by representatives of foreign-invested enterprises that the Vietnamese economy was facing great challenges. They also expressed confidence that “the country would overcome these obstacles and become more attractive to international investors in the long term.”
More than 50% of new projects launched by FDI investors in Vietnam were in services industry; 48.6% went to manufacturing and construction, and the agro-forestry-fishery sector.
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Tuesday, June 17, 2008
PRC Remains Most Attractive Destination of FDI, BVI Ranks 2nd Among FDI sources
The Ministry of Commerce of China published figures for actual FDI inflows into the country's economy, totaling $42.78 billion from January to May 2008 – this is a 54.97% increase from the previous year. Only in May, FDI stood at $7.76 billion, that is 37.94 % higher than in the previous year.
According to the information published by the Ministry of Commerce, about 11,915 new overseas-funded enterprises were established in the first five months of this year, that is down 20.95% from the previous year, and in May there were 2,425 new enterprises – down 10.94%.
The top three leading countries in the five months of the year 2008 by the amount of FDI are the same as in the statistical bulletin for the first quarter of the year 2008 – Hong Kong, British Virgin Islands (in the second place), and Singapore.
By the results of this statistical bulletin, as well as according to the Ernst & Young latest survey among business leaders, China is still in the first place among the countries most attractive for foreign direct investments. This survey reflected more equal distribution of global investments across the world, and 41% of respondents still ranked China as the most attractive investment destination, followed by India and Russia. However, China still draws less than 8% of global volume of FDI inflows, according to the information published by the United Nations Commission for Trade and Development.
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According to the information published by the Ministry of Commerce, about 11,915 new overseas-funded enterprises were established in the first five months of this year, that is down 20.95% from the previous year, and in May there were 2,425 new enterprises – down 10.94%.
The top three leading countries in the five months of the year 2008 by the amount of FDI are the same as in the statistical bulletin for the first quarter of the year 2008 – Hong Kong, British Virgin Islands (in the second place), and Singapore.
By the results of this statistical bulletin, as well as according to the Ernst & Young latest survey among business leaders, China is still in the first place among the countries most attractive for foreign direct investments. This survey reflected more equal distribution of global investments across the world, and 41% of respondents still ranked China as the most attractive investment destination, followed by India and Russia. However, China still draws less than 8% of global volume of FDI inflows, according to the information published by the United Nations Commission for Trade and Development.
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Monday, June 2, 2008
Vietnam Attracts More than Double FDI Level in January-May 2008, BVI Ranking the Second
The Foreign Investment Agency of Vietnam has published a report on foreign direct investments in the economy of the country, from January to May 2008. The Agency informed that the level of Foreign Direct Investments attracted in this period was 2.6 times higher than in the same period last year, and reached $15.3 billion.
It is stated in the report that 130 foreign investment projects worth a cumulative $7.5 billion received licences in May, so the total number of new projects licensed this year was 324, worth more than $14.7 billion. Additionally, 132 FDI projects raised their combined capital by $605 mln this year, representing an increase of 67% over the same period of 2007.
FDI increase was attributed to a dozen of newly-licensed projects, which have large-scale investment of over $1 billion. The largest foreign investment project of the reported period is the $4.2 billion tourist centre, five-star hotel and entertainment complex being built by the Canada-based Asian Coast Development Ltd. in the southern province of Vietnam. This project, together with two others at a combined worth of $4.23 billion, moved Canada from the 22nd to the first place in the list of FDI investors. As in the previous statistics published, British Virgin Islands are in the second place with $2.69 billion, and Singapore with $2.23 billion is the third.
$13 billion (83% of the total FDI for the reported period) of the total FDI amount went to the service sector, $2.35 billion were invested into the industry and construction sectors, the remainder going into the agro-forestry-fishery sectors of Vietnam's economy.
Article any source
It is stated in the report that 130 foreign investment projects worth a cumulative $7.5 billion received licences in May, so the total number of new projects licensed this year was 324, worth more than $14.7 billion. Additionally, 132 FDI projects raised their combined capital by $605 mln this year, representing an increase of 67% over the same period of 2007.
FDI increase was attributed to a dozen of newly-licensed projects, which have large-scale investment of over $1 billion. The largest foreign investment project of the reported period is the $4.2 billion tourist centre, five-star hotel and entertainment complex being built by the Canada-based Asian Coast Development Ltd. in the southern province of Vietnam. This project, together with two others at a combined worth of $4.23 billion, moved Canada from the 22nd to the first place in the list of FDI investors. As in the previous statistics published, British Virgin Islands are in the second place with $2.69 billion, and Singapore with $2.23 billion is the third.
$13 billion (83% of the total FDI for the reported period) of the total FDI amount went to the service sector, $2.35 billion were invested into the industry and construction sectors, the remainder going into the agro-forestry-fishery sectors of Vietnam's economy.
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Sunday, May 4, 2008
BVI 3rd in India's Outward FDI
The Reserve Bank of India has reported the latest data concerning the outward foreign direct investments (FDI) made by Indian corporations. In general, Indian corporations are investing either through low tax jurisdictions, or through countries allowing tax-free remittance of income.
The actual outward FDI in India in the period between April and December 2007 increased 13% and reached US$10.11 billion, compared to US$8.97 billion in April-December 2006.
According to the information published by the Bank, British Virgin Islands were among the three jurisdictions through which major part of outward FDI was directed in April - December of the last year. The other top countries which were invested by Indian companies were Singapore and the Netherlands.
BVI, together with other top jurisdictions, is an intermediate country before Indian investments will reach its final destination. The first place was with Singapore, - the Asia-Pacific business and financial centre had 37% share in FDI approvals ($5 million and above), followed by the Netherlands with 26% and 8% for British Virgin Islands.
Executive Director of PricewaterhouseCoopers in India pointed out the priority for redeploying money for business and commercial reasons, and said that many direct investments were organized in such a way that income from them faced lower tax, or did not attract tax at all. These are the benefits that may be provided by offshore jurisdictions, including British Virgin Islands.
Other factors that may influence the growth of overseas investments through international financial centres are access to new markets, new technologies, risk diversification. Indian corporations are already receiving dividends from all this.
Article any source
The actual outward FDI in India in the period between April and December 2007 increased 13% and reached US$10.11 billion, compared to US$8.97 billion in April-December 2006.
According to the information published by the Bank, British Virgin Islands were among the three jurisdictions through which major part of outward FDI was directed in April - December of the last year. The other top countries which were invested by Indian companies were Singapore and the Netherlands.
BVI, together with other top jurisdictions, is an intermediate country before Indian investments will reach its final destination. The first place was with Singapore, - the Asia-Pacific business and financial centre had 37% share in FDI approvals ($5 million and above), followed by the Netherlands with 26% and 8% for British Virgin Islands.
Executive Director of PricewaterhouseCoopers in India pointed out the priority for redeploying money for business and commercial reasons, and said that many direct investments were organized in such a way that income from them faced lower tax, or did not attract tax at all. These are the benefits that may be provided by offshore jurisdictions, including British Virgin Islands.
Other factors that may influence the growth of overseas investments through international financial centres are access to new markets, new technologies, risk diversification. Indian corporations are already receiving dividends from all this.
Article any source
Tuesday, April 22, 2008
Chinese FDI for Q1 2008 to Increase by 61.26%, BVI being the Second FDI Source
The Ministry of Commerce of China has published FDI statistics for the first three months of the year 2008. The reported foreign direct investment inflow into the country's economy in this period continued to increase and made US$27.414 bln – up 61.26% from the same period of the previous year.
Among the top three sources of FDI inflow in the country's economy in the first three months of the year 2008 there were British Virgin Islands, Hong Kong and Singapore, BVI again being the second in the list of top investors.
Only in March 2008, FDI stood at US$9.286 bln – that is up 39.6% compared to the previous year. According to the ministry's statistics, there were 6,949 new foreign-funded enterprises in the first three months of 2008, that is down 25.5% from a year earlier.
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Among the top three sources of FDI inflow in the country's economy in the first three months of the year 2008 there were British Virgin Islands, Hong Kong and Singapore, BVI again being the second in the list of top investors.
Only in March 2008, FDI stood at US$9.286 bln – that is up 39.6% compared to the previous year. According to the ministry's statistics, there were 6,949 new foreign-funded enterprises in the first three months of 2008, that is down 25.5% from a year earlier.
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Friday, December 14, 2007
BVI - the top outward direct investment destination and the 2nd largest inward direct investment source in Hong Kong economy for 2006
Yesterday, the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government provided the following information regarding investments in the jurisdiction:
According to official figures released on December 13, 2007, at the end of 2006, the stock of Hong Kong's inward direct investment (DI) rose significantly by 42.3% from a year earlier to $740.9 billion at market value.
The Census and Statistics Department indicated that the substantial increase can to a great extent be explained by the large gain in market values of some listed prominent Hong Kong resident companies upon the surge in their share prices as well as an increase of direct investment inflow to these Hong Kong affiliates.
In accordance with the analysis of immediate source of investment, the 2nd largest investor territory at end-2006 was the British Virgin Islands, which took up 33.8% of the total stock of inward DI. So, one of the most popular offshore jurisdictions was 2nd only to China, which stood at 35.1% and reflected the importance of its investment in Hong Kong.
The BVI was followed by the Netherlands, Bermuda and the US accounting for 6.8%, 6.1% and 4.8% of the total stock of inward direct investment at end-2006 respectively.
Stock and Flow of Inward Direct Investment (DI) of Hong Kong at Market Value by Major Investor Country/Territory, 2005 - 2006
As regards outward direct investments, the Census and Statistics Department of the HKSAR said that, at the end of 2006, the stock of the country's outward DI increased by 44.1% from a year earlier to $675.8 billion at market value.
According to the analysis of immediate destination of investment, the British Virgin Islands remained the most popular tax haven economy for indirect channeling of DI funds as at end-2006 it accounted for 46.9% of the total stock of outward DI of Hong Kong.
Stock and Flow of Outward Direct Investment (DI) of Hong Kong at Market Value by Major Recipient Country or Territory, 2005-2006
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According to official figures released on December 13, 2007, at the end of 2006, the stock of Hong Kong's inward direct investment (DI) rose significantly by 42.3% from a year earlier to $740.9 billion at market value.
The Census and Statistics Department indicated that the substantial increase can to a great extent be explained by the large gain in market values of some listed prominent Hong Kong resident companies upon the surge in their share prices as well as an increase of direct investment inflow to these Hong Kong affiliates.
In accordance with the analysis of immediate source of investment, the 2nd largest investor territory at end-2006 was the British Virgin Islands, which took up 33.8% of the total stock of inward DI. So, one of the most popular offshore jurisdictions was 2nd only to China, which stood at 35.1% and reflected the importance of its investment in Hong Kong.
The BVI was followed by the Netherlands, Bermuda and the US accounting for 6.8%, 6.1% and 4.8% of the total stock of inward direct investment at end-2006 respectively.
Stock and Flow of Inward Direct Investment (DI) of Hong Kong at Market Value by Major Investor Country/Territory, 2005 - 2006
HK$ billion
| Major investor country/territory | Stock of Inward DI | at end of year | DI Inflow | during the year |
| 2005 | 2006 | 2005 | 2006 | |
| Mainland of China | 1,271.9 | 2,024.3 | 72.9 | 108.7 |
| British Virgin Islands | 1,270.7 | 1,950.6 | 47.0 | 78.8 |
| Netherlands | 327.1 | 390.9 | 17.0 | 28.1 |
| Bermuda | 271.5 | 350.1 | 36.0 | 23.8 |
| USA | 205.8 | 277.9 | -29.7 | 51.3 |
| Japan | 131.7 | 151.4 | 14.1 | 18.0 |
| United Kingdom | 88.5 | 105.6 | 13.7 | 15.4 |
| Cayman Islands | 66.7 | 101.3 | 12.0 | 18.4 |
| Singapore | 84.3 | 85.2 | 11.0 | 8.1 |
| Taiwan | 30.0 | 33.7 | 3.5 | 8.7 |
| Others | 308.0 | 300.9 | 64.0 | -9.4 |
| Total | 4,056.3 | 5,771.9 | 261.5 | 350.0 |
As regards outward direct investments, the Census and Statistics Department of the HKSAR said that, at the end of 2006, the stock of the country's outward DI increased by 44.1% from a year earlier to $675.8 billion at market value.
According to the analysis of immediate destination of investment, the British Virgin Islands remained the most popular tax haven economy for indirect channeling of DI funds as at end-2006 it accounted for 46.9% of the total stock of outward DI of Hong Kong.
Stock and Flow of Outward Direct Investment (DI) of Hong Kong at Market Value by Major Recipient Country or Territory, 2005-2006
HK$ billion
| Major investor country/territory | Stock of outward DI | at end of year | DI outflow | during the year |
| 2005 | 2006 | 2005 | 2006 | |
| British Virgin Islands | 1,609.3 | 2,467.6 | 18.1 | 78.0 |
| Mainland of China | 1,477.4 | 2,117.2 | 130.3 | 166.6 |
| Bermuda | 126.1 | 137.8 | 12.5 | -5.0 |
| United Kingdom | 59.6 | 62.1 | 4.9 | -0.2 |
| Japan | 29.7 | 60.8 | -9.2 | 34.7 |
| Cayman Islands | 25.1 | 41.1 | 14.8 | 7.9 |
| India | 6.7 | 37.1 | 0.8 | 28.9 |
| Thailand | 23.0 | 34.7 | 2.6 | 6.4 |
| Singapore | 40.0 | 33.1 | 6.0 | 2.1 |
| USA | 26.3 | 29.1 | 0.9 | 3.1 |
| Others | 230.7 | 243.8 | 29.8 | 26.8 |
| Total | 3,653.9 | 5,264.5 | 211.5 | 349.4 |
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Friday, November 30, 2007
11 Month FDI Statistics in Vietnam: $15 Billion Attracted, BVI the Second in the List of Top Investors
According to the 11 months statistics on Foreign Investments in Vietnamese economy, in this period the country attracted $15 billion in FDI. Pahn Huu Thang, the director of the Foreign Investment Department at the Ministry of Planning and Investment, attributed this to the country's political stability and the fact that investors gained more confidence in the economically booming Southeast Asian country. He also said that Vietnam's admission into the World Trade Organization contributed to the rise in foreign investment.
The list of foreign investors in the 11 months through November is topped by South Korea, with the investment capital of $3.7 billion. The British Virgin Islands are, again, in the second place with $3.5 billion, - compared to US$1.73 billion FDI, reported in the 10 month statistics. The BVI are followed by Singapore with $1.5 billion.
By words of Thang, they expected foreign investments to top $16 billion till the end of this year, - the amount that would top last year's previous annual record of $12.2 billion by more that 30%.
Since 1988, the government of Vietnam has licensed more than 8,000 foreign investment projects worth about $80 billion.
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The list of foreign investors in the 11 months through November is topped by South Korea, with the investment capital of $3.7 billion. The British Virgin Islands are, again, in the second place with $3.5 billion, - compared to US$1.73 billion FDI, reported in the 10 month statistics. The BVI are followed by Singapore with $1.5 billion.
By words of Thang, they expected foreign investments to top $16 billion till the end of this year, - the amount that would top last year's previous annual record of $12.2 billion by more that 30%.
Since 1988, the government of Vietnam has licensed more than 8,000 foreign investment projects worth about $80 billion.
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Wednesday, November 14, 2007
Amount of FDI in China Rises, BVI the Second in the List of Top Investors
China's Ministry of Commerce has published the ten months statistics of Foreign Direct Investments in Chinese economy. From January to October, the number of newly established foreign-invested enterprises reached 30,826 – 6.78% less if compared to the same period of the last year, and the amount of utilized FDI was US$53.995 billion – up 11.15% compared to the same period of 2006.
According to the information released a month ago, FDI level in China continued to rise. In October the number of newly established foreign-invested enterprises was 2,620 – down 14.01%. However the utilized FDI totaled US$6.776 billion – that is up 13.18%.
In the current top list of countries having the largest FDI in China, the British Virgin Islands are ranking the second, with US$12.914 billion of FDI. They are preceded by Hong Kong (US$18.655 billion), which is traditionally the major FDI source for China. Other countries on the list are South Korea with US$2.945 billion, Japan (US$2.81 billion), Singapore (US$2.245 billion), the United States (US$1.987 billion), the Cayman Islands (US$1.788 billion), Samoa (US$1.457 billion), Taiwan (US$1.294 billion), and Mauritius (US$907 million).
The amount of FDI made by the top 10 countries and territories including British Virgin Islands accounts for nearly 87.05% of the total FDI utilized in China in this period.
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According to the information released a month ago, FDI level in China continued to rise. In October the number of newly established foreign-invested enterprises was 2,620 – down 14.01%. However the utilized FDI totaled US$6.776 billion – that is up 13.18%.
In the current top list of countries having the largest FDI in China, the British Virgin Islands are ranking the second, with US$12.914 billion of FDI. They are preceded by Hong Kong (US$18.655 billion), which is traditionally the major FDI source for China. Other countries on the list are South Korea with US$2.945 billion, Japan (US$2.81 billion), Singapore (US$2.245 billion), the United States (US$1.987 billion), the Cayman Islands (US$1.788 billion), Samoa (US$1.457 billion), Taiwan (US$1.294 billion), and Mauritius (US$907 million).
The amount of FDI made by the top 10 countries and territories including British Virgin Islands accounts for nearly 87.05% of the total FDI utilized in China in this period.
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Monday, October 29, 2007
Vietnam FDI Statistics Reported for 10 Months: BVI the second with US$1.73 billion
The Foreign Investment Department under the Ministry of Planning and Investment of Vietnam reported FDI figures for the ten months of 2007. From the time of the previous 9-month report, British Virgin Islands raised their positions, now they rank the second in the published top list of 50 foreign investors' countries, with the amount of invested registered capital of US$1.73 billion. The Republic of Korea, again, is the first place with registered capital of US$2.44 billion, and Singapore with US$1.37 billion is the third.
According to the Report of Foreign Investment Agency, there are 1,144 new projects on the whole, which brought in US$9.75 billion of foreign investments into Vietnam economy. The overall amount of foreign direct investment during the first ten months 2007 made US$11.26 – a 36% increase if compared to the same period of the previous year.
Vietnam now ranks the 6th among the top ten most attractive FDI destinations. These data were provided according to a survey by the United Nations Conference on Trade and Development.
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According to the Report of Foreign Investment Agency, there are 1,144 new projects on the whole, which brought in US$9.75 billion of foreign investments into Vietnam economy. The overall amount of foreign direct investment during the first ten months 2007 made US$11.26 – a 36% increase if compared to the same period of the previous year.
Vietnam now ranks the 6th among the top ten most attractive FDI destinations. These data were provided according to a survey by the United Nations Conference on Trade and Development.
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Monday, October 15, 2007
Chinese FDI Reaches US$47.2, BVI Among the Most Active Investors in the first 9 Months
The Ministry of Commerce of China has released new figures for Chinese FDI during the first nine months of 2007. By the new information, Foreign Direct Investment level in China continued to rise, having reached US$47.2 billion, and increased by 10.87% if compared to the same period last year. During the first three quarters of 2007, about 28,206 foreign-funded companies were founded- just 6.05% less than the amount founded during 2006. However, in September Chinese FDI declined by 2.36% to US$5.27; in that period, 3,358 foreign-funded companies were established, decreasing by 11.49%.
The last FDI report published in September confirmed the leading positions of the British Virgin Islands among foreign direct investors in the economy of China. This month, British Virgin Islands, again, were among those countries that were most active in investments in China, - Hong Kong, Republic of Korea, Japan, Singapore, U.S., Cayman Islands, Samoa, Taiwan and Mauritius. During the first three quarters, the investment from these countries including BVI accounted 86.73% of the total FDI level in China.
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The last FDI report published in September confirmed the leading positions of the British Virgin Islands among foreign direct investors in the economy of China. This month, British Virgin Islands, again, were among those countries that were most active in investments in China, - Hong Kong, Republic of Korea, Japan, Singapore, U.S., Cayman Islands, Samoa, Taiwan and Mauritius. During the first three quarters, the investment from these countries including BVI accounted 86.73% of the total FDI level in China.
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Thursday, October 4, 2007
BVI the 3rd in 9 Months' Statistics for Vietnam FDI
The Foreign Investment Agency of Vietnam published FDI results for the first nine months of 2007. The amount is estimated at $9.6 billion, - that is 38% increase compared to the same period last year.
The official at the ministry's Foreign Investment Agency informed that, this year, Vietnam is expected to attract 12 billion USD in new foreign direct investment. The main FDI source during the first nine months was The Republic of Korea, with 311 newly approved projects worth more than 2.1 billion USD, the amount that makes 25.4% of the total. As in the FDI report published a month ago, British Virgin Islands is in the third place, with 39 projects valued at $1.23 billion. The second place in the ranking belongs to Singapore, with its 67 projects for 1.38 billion USD. The forth and the fifth positions, immediately after BVI, are taken by Taiwan with US$629.7 million, and India with US$623.1 million.
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The official at the ministry's Foreign Investment Agency informed that, this year, Vietnam is expected to attract 12 billion USD in new foreign direct investment. The main FDI source during the first nine months was The Republic of Korea, with 311 newly approved projects worth more than 2.1 billion USD, the amount that makes 25.4% of the total. As in the FDI report published a month ago, British Virgin Islands is in the third place, with 39 projects valued at $1.23 billion. The second place in the ranking belongs to Singapore, with its 67 projects for 1.38 billion USD. The forth and the fifth positions, immediately after BVI, are taken by Taiwan with US$629.7 million, and India with US$623.1 million.
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Friday, September 14, 2007
New Figures for Chinese FDI: BVI Ranks Second with US$9.91 billion
The new statistics on foreign investments in Chinese economy during the first eight months of 2007 shows following figures: value of investments rose 12.79% from a year earlier to US$41.95 billion; 24,848 enterprises were set up in China by overseas investors, that is down 5.26% compared to the previous year.
The released information confirms the position of the British Virgin Islands among regions and countries that lead by the amount of foreign investments. As in the report published by the Ministry of Commerce of China in the mid of June, BVI remains in the second place after Hong Kong.
The amount of foreign investments for eight months of 2007 made US$14.1 billion from Hong Kong, US$9.91 billion from the British Virgin Islands, and much less – US$2.46 billion – from the third investor, the Republic of Korea. Other regions and countries being part of the top ten investors are Japan, Singapore, the United States, the Cayman Islands, the Samoan Islands, Taiwan Province, and Mauritius.
During the first eight months of 2007, investment value of the above-named top 10 countries made 86.55% of the total nationwide. The number of new US-invested enterprises was down 15.12%,while investment value increased by 0.77%, compared to the same period of 2006.
Article any source
The released information confirms the position of the British Virgin Islands among regions and countries that lead by the amount of foreign investments. As in the report published by the Ministry of Commerce of China in the mid of June, BVI remains in the second place after Hong Kong.
The amount of foreign investments for eight months of 2007 made US$14.1 billion from Hong Kong, US$9.91 billion from the British Virgin Islands, and much less – US$2.46 billion – from the third investor, the Republic of Korea. Other regions and countries being part of the top ten investors are Japan, Singapore, the United States, the Cayman Islands, the Samoan Islands, Taiwan Province, and Mauritius.
During the first eight months of 2007, investment value of the above-named top 10 countries made 86.55% of the total nationwide. The number of new US-invested enterprises was down 15.12%,while investment value increased by 0.77%, compared to the same period of 2006.
Article any source
Thursday, August 9, 2007
BVI Ranks Third with $1.43 billion FDI in Vietnam
The Foreign Investment Agency of Vietnam informed that in the first seven months of the year the country has attracted over US$7.47 billion in foreign direct investment (FDI) – the 50% increase compared to the same period of the last year.
There are 39 countries and territories making direct investments in the economy of Vietnam. The British Virgin Islands rank the third by the amount of FDI, having 13.4% of the total with over $1.43 billion invested. During long period, BVI is among the top investment sources in the economy of HCM City. This year's results confirm strong positions of BVI among FDI sources in Vietnam's economy.
The first two places in the rank of investors belong to the country's neigbours. South Korea with over $1.43 billion makes up 22.5% of the total amount, Singapore has another 20.6%, with $1.32 billion of foreign direct investments.
Article any source
There are 39 countries and territories making direct investments in the economy of Vietnam. The British Virgin Islands rank the third by the amount of FDI, having 13.4% of the total with over $1.43 billion invested. During long period, BVI is among the top investment sources in the economy of HCM City. This year's results confirm strong positions of BVI among FDI sources in Vietnam's economy.
The first two places in the rank of investors belong to the country's neigbours. South Korea with over $1.43 billion makes up 22.5% of the total amount, Singapore has another 20.6%, with $1.32 billion of foreign direct investments.
Article any source
Monday, July 2, 2007
BVI is among top investors again – 2nd in Chinese FDI in 2007
In the middle of June, the Ministry of Commerce of China published data from the first 5 months of 2007 regarding foreign direct investment in China.
According to the released data, to support 15,072 newly established foreign investment enterprises, $25.26 billion was used in the above-mentioned period (January – May). To compare the figure with 2006, the dollar amount increased by 10%, however, the actual number of new ventures decreased by 4%.
The numbers for May show the same tendency – there was $4.9 billion in foreign capital invested, which is an increase of 8.7%, however, the number of new ventures dropped almost 10%.
During the 5-month period, the top 10 countries that contributed 86% of all the money invested into new Chinese ventures were as follows:
Article any source
According to the released data, to support 15,072 newly established foreign investment enterprises, $25.26 billion was used in the above-mentioned period (January – May). To compare the figure with 2006, the dollar amount increased by 10%, however, the actual number of new ventures decreased by 4%.
The numbers for May show the same tendency – there was $4.9 billion in foreign capital invested, which is an increase of 8.7%, however, the number of new ventures dropped almost 10%.
During the 5-month period, the top 10 countries that contributed 86% of all the money invested into new Chinese ventures were as follows:
- Hong Kong,
- the BVI,
- Japan,
- South Korea,
- Singapore,
- the US,
- the Cayman Islands,
- Samoa,
- Taiwan,
- Mauritius.
Article any source
Monday, June 25, 2007
BVI is 2nd largest source for Hong Kong, accounting for 22.2% in Q1
The Census & Statistics Department of Hong Kong has released the data that indicates the British Virgin Islands as one of the top destinations for Hong Kong's external factor income outflow and inflow in the 1st quarter of 2007.
According to the Census & Statistics Department, comparing Hong Kong's GNP with a year earlier, it rose 11.9% to $397.7 billion in the 1st quarter of 2007.
During the period, the GDP, estimated at $370.3 billion, recorded the growth of 6.6%. Accordingly, the value of Hong Kong's GNP was larger than that of Hong Kong's GDP by $27.4 billion in the 1st quarter, which represents a net external factor income inflow of the same amount and equivalent to 7.4% of GDP in the 1st quarter. Within total factor income inflow, direct investment income rose 28.8%, portfolio investment income grew 17.5% and other investment income – 43.7%. As to total factor income outflow, within it, direct investment income grew 15%, portfolio investment income and other investment income grew 13.6% and 24% respectively.
Analysed by country/territory, the British Virgin Islands was 2nd only to China, which remained the largest source of Hong Kong's external factor income inflow in the 1st quarter, accounting for 27.9%. The BVI had external factor income inflow that accounted for 22.2%. It was followed by the United Kingdom and the United States, at a share of 9.5% and 8.9% respectively.
As to Hong Kong's external factor income outflow in the same period, China and the BVI continued to be the most important destinations with quite insignificant difference – China accounted for 24.5%, while the BVI accounted for 23.2%. The two leaders were followed by the Netherlands, accounting for 10.6%, and the United States accounting for 7.1%.
Article any source
According to the Census & Statistics Department, comparing Hong Kong's GNP with a year earlier, it rose 11.9% to $397.7 billion in the 1st quarter of 2007.
During the period, the GDP, estimated at $370.3 billion, recorded the growth of 6.6%. Accordingly, the value of Hong Kong's GNP was larger than that of Hong Kong's GDP by $27.4 billion in the 1st quarter, which represents a net external factor income inflow of the same amount and equivalent to 7.4% of GDP in the 1st quarter. Within total factor income inflow, direct investment income rose 28.8%, portfolio investment income grew 17.5% and other investment income – 43.7%. As to total factor income outflow, within it, direct investment income grew 15%, portfolio investment income and other investment income grew 13.6% and 24% respectively.
Analysed by country/territory, the British Virgin Islands was 2nd only to China, which remained the largest source of Hong Kong's external factor income inflow in the 1st quarter, accounting for 27.9%. The BVI had external factor income inflow that accounted for 22.2%. It was followed by the United Kingdom and the United States, at a share of 9.5% and 8.9% respectively.
As to Hong Kong's external factor income outflow in the same period, China and the BVI continued to be the most important destinations with quite insignificant difference – China accounted for 24.5%, while the BVI accounted for 23.2%. The two leaders were followed by the Netherlands, accounting for 10.6%, and the United States accounting for 7.1%.
Article any source
Wednesday, June 6, 2007
1Q China's export to British Virgin Islands - Information Released by China General Administration of Customs
By the data provided by Chinese governmental agency for the first quarter 2007, China's export to BVI in January reached 6,717,000 USD, and in January-March its level was 14,715,000 USD, that is down 48.9 % year on year. The following table released by the General Administration of Customs shows China's export to BVI in the period from 2004 to March 2007:
(Unit: 1,000 U.S. dollars)
At first glance it seems that China-BVI export indice is showing decline, however it is too early to make any serious conclusions. Although the 1st quarter indice is 48.9% below previous year cummulative export amount, it should be noted that there are very high fluctuations month over month and as we can see from historical data, counting only for February China’s export to BVI this year is 147 !!! times higher than in February 2006. On the other hand, the amount in March previous year was the 2nd highest in the whole year 2006.
There are many factors influencing China-BVI exports level and we should clearly recognise that this is also closely related to Foreign Direct Investments from the British Virgin Islands companies to Chinese economy.
Recent activities toward unification of China's corporate tax rate for both foreign and domestic companies (instead of around 33 percent for local companies and 15 percent for foreign companies) as well as warnings about taxation of world-wide income of companies incorporated in tax havens but having no double taxation agreement with China are just the latest factors we can observe. Currently the Republic of China has more than 80 bilateral treaties on double taxation, but British Virgin Islands are not among these countries, so there is potential threat that the amount of economic co-operation between China and British Virgin Islands can decrease in the future.
Article any source
(Unit: 1,000 U.S. dollars)
| Current month | Cumulative total | % Change y-o-y (Cumulative total) | |
|---|---|---|---|
| 2004 | 820 | -98.9 | |
| 2005 | 22,182 | 2605.1 | |
| 2006 | |||
| January | 7,421 | 7,421 | 7247.1 |
| February | 53 | 7,474 | 4721.7 |
| March | 21,321 | 28,795 | 12746.4 |
| April | 223 | 29,018 | 10266.1 |
| May | 9,567 | 38,585 | 11573.0 |
| June | 347 | 38,933 | 11181.8 |
| July | 13,841 | 52,774 | 13001.2 |
| August | 857 | 53,631 | 11710.9 |
| September | 11,702 | 65,332 | 14288.0 |
| October | 10,323 | 75,656 | 13267.3 |
| November | 1,285 | 76,941 | 1138.0 |
| December | 44,063 | 121,004 | 445.5 |
| 2007 | |||
| January | 228 | 228 | -96.9 |
| February | 7,770 | 7,999 | 7.0 |
| March | 6,717 | 14,715 | -48.9 |
At first glance it seems that China-BVI export indice is showing decline, however it is too early to make any serious conclusions. Although the 1st quarter indice is 48.9% below previous year cummulative export amount, it should be noted that there are very high fluctuations month over month and as we can see from historical data, counting only for February China’s export to BVI this year is 147 !!! times higher than in February 2006. On the other hand, the amount in March previous year was the 2nd highest in the whole year 2006.
There are many factors influencing China-BVI exports level and we should clearly recognise that this is also closely related to Foreign Direct Investments from the British Virgin Islands companies to Chinese economy.
Recent activities toward unification of China's corporate tax rate for both foreign and domestic companies (instead of around 33 percent for local companies and 15 percent for foreign companies) as well as warnings about taxation of world-wide income of companies incorporated in tax havens but having no double taxation agreement with China are just the latest factors we can observe. Currently the Republic of China has more than 80 bilateral treaties on double taxation, but British Virgin Islands are not among these countries, so there is potential threat that the amount of economic co-operation between China and British Virgin Islands can decrease in the future.
Article any source
Thursday, May 24, 2007
Statistics of Chinese Government: Growth of Investments from BVI
On May 11, 2007 the State Administration of Industry and Commerce of China named the sources of foreign investment in country's economy. British Virgin Islands leads the 4 major offshore finance centers investing in China. Other 3 are Cayman Islands, Samoa and Mauritius. About 13,000 investors from BVI have invested in China, that is 31.9% more than last year and a faster growth than in US, Japan and Taiwan.
According to the information regularly provided by the government of China, BVI usually takes the second place in the Chinese FDI Sources list, the first one being Hong Kong. The last statement confirming traditional ratings of the British Virgin Islands was released by the Ministry of Commerce a month ago. Just in January 2007, BVI companies invested more than 1 billion USD in the Chinese economy.
Japan is the third traditional investor in China. According to the new statistics, currently there are about 199,000 other Asian countries' enterprises registered in China, a 4.5% growth compared with last year; these investors take up 72.5% of all the foreign enterprises registered in China.
In the first months of 2007, the main sources of foreign investment in China have been extended to Africa and Latin America.
Article any source
According to the information regularly provided by the government of China, BVI usually takes the second place in the Chinese FDI Sources list, the first one being Hong Kong. The last statement confirming traditional ratings of the British Virgin Islands was released by the Ministry of Commerce a month ago. Just in January 2007, BVI companies invested more than 1 billion USD in the Chinese economy.
Japan is the third traditional investor in China. According to the new statistics, currently there are about 199,000 other Asian countries' enterprises registered in China, a 4.5% growth compared with last year; these investors take up 72.5% of all the foreign enterprises registered in China.
In the first months of 2007, the main sources of foreign investment in China have been extended to Africa and Latin America.
Article any source
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