FDI influx into Malaysia increases sharply

January 22, 2011 | 15:36

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The foreign direct investment (FDI) influx into Malaysia was recorded at $7 billion in 2010, a year-on-year increase of 409.7 per cent, said the United Nations Conference on Trade and Development (UNCTAD).

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UNCTAD said in its global and regional FDI trends in 2010 report that Malaysia ’s FDI growth is the highest recorded in the region as well as among the 153 economies surveyed by UNCTAD.

The UNCTAD figure is supported by data recently revealed by the Malaysian Statistics Department that FDI inflows into the country amounted to $5.4 billion between January and September.

Malaysian International Trade and Industry Minister Mustapa Mohamed said that the UNCTAD figure reflected an increasing investor confidence in Malaysia .

Malaysia’s achievement was all the more significant as the UNCTAD report showed that world FDI inflows in 2010 remained relatively stagnant with a marginal growth of one per cent to $1.12 trillion in 2010 from 1.11 trillion in 2009, he said.

Mustapa said proactive measures to improve the government delivery system and reduce the cost of doing business as well as close collaboration with the private sector contributed to this investment growth in the country.

He said he believed that FDI inflows into Malaysia would remain strong.

VIR/ VNA

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