Foreign Direct Investment
Malaysia received RM46.1 billion foreign direct investment (FDI), which was all time high, for the whole of 2008. The foreign investments accounted for 73.4 percent of the total investments of RM62.8 billion approved for 2008.
The Minister of International Trade and Industry, Datuk Mustapa Mohamed announced that there was a sharp reduction in FDI and Malaysia only received RM4.2 billion FDI, about 78% reduction, for the first five months of 2009.
On the other hand, FDI in other Asean countries has grown rapidly. Malaysia was very much ahead of Vietnam on attracting FDI. Now it has to compete with the latter for the FDI.
Read more about this topic: Northern Corridor Economic Region
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