FDI disbursement increases by 6.2% year-on-year

Foreign direct investment (FDI) over the last 11 months has maintained steady momentum with disbursement totaling US$11.2 billion, up 6.2% compared to the same period in 2013.

According to a recent report by the Foreign Investment Agency under the Ministry of Planning and Investment, combining both newly-registered and added capital, foreign investors have poured US$17.33 billion in Vietnam over the last 11 month period, equaling to 83.3% of that in 2013.

As of November 20, 1,427 FDI projects have received investment certificates with a total registered capital of US$13.41 billion, while 515 projects are registered to increase capital, with a total increase funding of US$3.92 billion.

Exports in the FDI sector (including crude oil) in the past 11 months reached more than US$92.21 billion, up 14.1% and accounting for 67.3% of the country’s total export turnover. Imports by FDI enterprises totaled over US$76.67 billion, up 12.5%. From Jan-Nov, the FDI sector enjoys a trade surplus of US$15.54 billion.

Illustration photo (Photo: Thai Thien)

Processing and manufacturing industries have attracted the most investment from foreign investors with 689 newly-registered projects and a total registered and added capital of US$13.15 billion, accounting for 75.9% of total registered capital in the 11 months.

Real estate ranked second with 32 projects registered with a total investment of US$1.27 billion, followed by the construction sector with a total registered and added capital of US$1.02 billion.

Currently, the Republic of Korea remains Vietnams’ top partner among 60 countries and territories with investment projects in Vietnam, and a total investment of newly-registered and added capital of US$6.82 billion during the period.

Singapore is in second with a total investment of US$2.75 billion, followed by Japan with US$1.71 billion.

The report also pointed out that Thai Nguyen province is a top destination for foreign investment with total registered capital of US$3.27 billion, accounting for 18.9% of the country’s total. Ho Chi Minh City ranks second with a total registered and added capital of US$3.01 billion, followed by Binh Duong with US$1.42 billion.

(Source: nhandan.org.vn)