FDI disbursement increases slightly

16:08 | 27/07/2014

VGP – FDI sector’s total disbursement was estimated at US$6.8 billion in the first seven moths of this year, up 2.3%, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

In the reviewed period, foreign investors pledged to pour US$9.53 billion, equivalent to 80.1% against the same period last year.

As of July 20, 889 new FDI projects were licensed with total registered capital of US$6.85 billion while 300 other projects increased investment with an additional volume of US$2.67 billion.

Major licensed projects in July included the US$1 billion Samsung Display Co., Ltd in Bac Ninh province, US$325.75 million Thang Long Cement Factory in Quang Ninh province; and US$225 million Dai An Viet Nam – Canada International Hospital in Hai Duong province.

The processing and manufacturing were the most attractive sectors with 448 newly-registered projects worth US$6.66 billion.

The two industries were followed by the real estate sector with US$1.13 billion and the construction sector with US$547.58 million.

Also in the reviewed period, 46 countries and territories have been investing in Viet Nam. The Republic of Korea took the lead in terms of total registered capital of around US$3.13 billion, accounting for nearly 33% of the total FDI inflow, followed by Hong Kong, Japan and Singapore.

In the first seven months, the northern province of Bac Ninh was the most attractive FDI destination with US$1.33 billion, accounting for 14% of the country’s total inflow; followed by Ho Chi Minh City, Binh Duong, Dong Nai, Hai Phong and Ha Noi.

The FDI sector gained an export turnover of US$55.83 billion, up 15% against the same period last year and accounting for 66.8% of the total export volume and the import value reached US$46.04 billion./.

By Kim Loan