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23.05.2012 Foreign Direct Investment environment, Yo. Munkhtuya
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Transcript of 23.05.2012 Foreign Direct Investment environment, Yo. Munkhtuya
FOREIGN DIRECT INVESTMENT
ENVIRONMENT
MUNKHTUYA Yondonjamts 2012.05.23
Acting Vice Chairperson
Foreign Investment and Foreign Trade Agency
Foreign Investment and Foreign Trade Agency
Government of Mongolia
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CONTENT
ECONOMIC PROSPECTS AND CURRENT DEVELOPMENT OF FOREIGN DIRECT INVESTMENT (FDI) IN MONGOLIA
MONGOLIAN FOREIGN DIRECT INVESTMENT ENVIRONMENT
FOREIGN DIRECT INVESTMENT OPPORTUNITIES
GDP Growth
(National Development Innovation Committee, 2012)
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23%
16%
15%8%
8%
6%
4%
20%
INDUSTRIAL COMPOSITION OF GDP
Mining and quarrying
Agriculture, forestry, fishing
Wholesale and retail trade
Manufacturing
Transporation and storage
Real estate activities
Information and communication
Other
Macroeconomic Medium Term Outlook
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Top 3rd level for Economic Freedom Country /ranked by Transparency International, 2009/
Lowest tax rates country in Asia Pacific region / Corporate tax-10%,25%, Value added tax- 10%/
86rd country of Doing Business 2012 inquiry
7200 items can be exported to the EU markets on GSP+ scheme with zero import tariff
Attractive targets for FDI
SME production equipment and utilities are exempted from the customs tariff and VAT
• Government Resolution No.100 approved on 6th April of 2011
The Parliament of Mongolia approved the Policy of High Technology Industry and it has enabled the legal base of granting tax exemption, and credit guarantee for business entities those are running business in high technology sector
• June 2010
Tax exemptions and Incentives
Law on Concessions of Mongolia (PPP) approved
on 28 January, 2010.
puts state and local properties into economic utilization
vast business opportunities for investors
the list of concession items is approved by the state and
local administrative bodies
decisions shall be made whether to finance from state
fund, to make a guarantee, to organize a tender or to
conclude a direct agreement
Foreign legal entities or their consortiums may submit an
unsolicited proposal to enter into a concession agreement
Law of Mongolia on Concessions
Foreign Direct Investment /by year/
31 Dec 2011 (million USD)
366.50 499.90 708.90 801.10 1,025.90
4,986.00
0.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
2006 2007 2008 2009 2010 2011*
( Foreign Investment and Foreign Trade Agency, April 2012)
Foreign Direct Investment /by sectors/
31 Dec 2011 (percent)
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
2006 2007 2008 2009 2010 2011
Geological prospecting, oil exploration & mining
Trade and catering services
Others
Bank&financial services
Engineering construction and production of construction materials
( Foreign Investment and Foreign Trade Agency, April 2012)
0
5
10
15
20
25
30
35
40
Foreign Direct Investment /by countries/
31 Dec 2011 (percent)
( Foreign Investment and Foreign Trade Agency, April 2012)
Investment opportunities:
Tourism
Energy and Mineral
Resources
Road, Urban development
Trade & service
Light industry Food
Agriculture
ICT and Human
Development
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THANK YOU FOR YOUR KIND ATTENTION
Address: FIFTA, Sambuu Str.11, Government Bld.11,
Ulaanbaatar 211238, Mongolia
Email: [email protected]
Website: www.investmongolia.com