Off the wire
• Chinese envoy calls for strengthened macro management of peace operations  • Britain hails unanimous adoption of UN resolution on defeating IS  • 2nd LD writethru: ASEAN has brought "immense practical benefits" to people: Malaysian PM  • 2nd LD Writethru: ASEAN leaders convene to discuss community realization, development beyond 2015  • Chinese, Lao leaders mark successful launch of communication satellite  • 1st Ld-Writethru: China strongly condemns Mali hotel attack, confirms 3 nationals killed  • 1st LD: ASEAN has brought "immense practical benefits" to people: Malaysian PM  • Cambodia to tighten security during Russian PM's visit  • Feature: Laos' commitment to polio response after fatal case attracts international kudos  • Feature: Afghans lose everything in quest for better life in Europe  
You are here: 　 Home

ASEAN sees rise of FDI inflow for three years running: report

Xinhua, November 21, 2015 Adjust font size:

The Association of Southeast Asian Nations (ASEAN) attracted 136.2 billion U.S. dollars of foreign direct investment (FDI) in 2014, up from 117.7 billion in 2013, marking a rise of FDI flows for the third consecutive year, a report said here Saturday.

The achievement, made against the backdrop of a 16 percent decline in global FDI flows and uneven global economic growth, also made ASEAN the largest FDI recipient last year in the developing world, according to the ASEAN Investment Report 2015: Infrastructure Investment and Connectivity.

The improvement of the region's investment environment, as well as regional integration process to establish the ASEAN Economic Community by the end of 2015 contributes to the attractiveness of the region for FDI, in addition to the strong regional economic fundamentals and market growth, said the annual report.

"The region is now seen as a prime investment destination, attracting investments and influencing corporate strategies in the region," due to robust regional economic fundamentals, cost advantages, regional integration, and on-going efforts to improve the investment environment in ASEAN, said Le Luong Minh, the secretary-general of ASEAN.

"With strategic measures in the ASEAN Community Vision 2025 aimed to establish an open, transparent and predictable investment regime in the region beyond 2015, ASEAN will continue to make the region a foremost investment destination globally," the ASEAN chief added.

According to the report, FDI flows from the majority of ASEAN's dialogue partners have been strong, while intra-ASEAN investment also rose by 26 percent to 24.4 billion U.S. dollars in 2014 from 19.4 billion in 2013. Endit