
Foreign Direct Investment reflects the confidence of foreign companies/enterprise that their investment is safe in our country.
The ASEAN acquired a total of almost US$52.4 Billion foreign direct investments in 2006. A total of 89% came outside the ASEAN and 11% came within the association.
Where did their investments (89%) go to?
1. Singapore
US$ 22,917,700,000
2. Thailand $ 7,933,900,000
3. Malaysia $ 5,591,900,000
4. Indonesia $ 4,031,700,000
5. Vietnam $ 2,178,100,000
6. Philippines $ 2,440,600,000
7. Cambodia $ 327,700,000
8. Brunei $ 423,800,000
9. Laos $ 176,800,000
10. Burma $ 115,200,000
And where did we invest (11%) among ourselves?
1. Thailand US$ 2,822,100,000
2. Indonesia $ 1,524,500,000
3. Singapore $ 1,137,700,000
4. Malaysia $ 467,800,000
5. Vietnam $ 181,900,000
6. Cambodia $ 155,500,000
7. Philippines $ 95,600,000
8. Burma $ 27,800,000
9. Laos $ 10,600,000
10. Brunei $ 9,700,000It all boils down to foreign confidence – our government’s policies to attract them, our discipline as a people, our geographical location, facilities, etc. etc.
*****Data source: ASEAN Secretariat. Data as of August 2007.