Updated  
March, 27 2012 08:43:00

FDI disbursement hits $2.5b in Q1

 

A worker on a fibre production line at Dam San Co Ltd in northern Thai Binh Province. Viet Nam only attracted registered capital of $2.63 billion in FDI in the first three months of this year, a decrease of 36.4 per cent against the same period in 2011. — VNA/VNS Photo Hong Ky
HA NOI — Total foreign direct investment (FDI) disbursement in the first quarter reached almost the exact same figure as during the same period last year, according to preliminary Foreign Investment Agency (FIA) statistics.

Disbursement reached US$1.52 billion in March, bringing total FDI disbursement for the first three months to $2.52 billion, or 99.2 per cent of last year's figure.

However, Viet Nam only attracted total registered capital of $2.63 billion in FDI, a decrease of 36.4 per cent against the same period last year, according to the FIA, run by the Ministry of Planning and Investment.

Of the total amount, the country lured only $2.26 billion in newly-registered capital from 120 new projects in the first quarter, a 22.8 per cent reduction from 2011, while 29 projects registered only $368 million in added capital, or 30.4 per cent of last year's figure.

Regarding investment sectors, real estate came out top due to the $1.2 billion Becamex -Tokyu Joint Venture between Becamex IDC and Japan's Tokyu Group in the Tokyu Binh Duong Urban Area.

The project also pushed total registered FDI capital in March to $1.23 billion, the same number as the total registered capital for the first two months of the year, the agency said.

The processing and manufacturing industry came second, with 51 newly registered and 25 capital-increasing projects, to reach a total of $1.17 billion, accounting for 44.6 per cent of total national FDI.

The transport and storage sectors attracted the third largest FDI capital at $180 million.

Japan remained the largest investor out of 26 nations and territories in the first quarter of this year, the agency confirmed.

Japanese projects with the large investments during the first three months included Tokyu Binh Duong Urban Area ($1.2 billion), Bridgestone Viet Nam Tyre Production ($574.8 million) and Oshima Shipbuilding Viet Nam ($180 million).

Southern Binh Duong Province attracted the most FDI capital at $1.36 billion, with northern Hai Phong City in second at $605 million and central Khanh Hoa Province in third with $180 million. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

VN committed to realising TPP VN committed to realising TPP

Deputy Prime Minister Vu Van Ninh reiterated Viet Nam's commitment to negotiating and realising the terms of the Trans-Pacific Partnership (TPP) for the benefit of all TPP members while meeting US Under Secretary of Commerce for International Trade Stefan M. Selig yesterday in Ha Noi.

VN Railway Authority head found dead VN Railway Authority head found dead

Director of Viet Nam Railway Authority Nguyen Huu Thang was found dead in his office yesterday in Ha Noi.

Student looks to improve traffic 2    Student looks to improve traffic

South Korean high school student Chihyun Ryu has spent her time in Ha Noi over the last three and a half years walking around Hoan Kiem Lake, and riding on the back of her father's motorbike taking videos of the chaotic traffic.

Talented ‘stage magician' tells story in memoir Talented ‘stage magician' tells story in memoir

Artist Thanh Loc will begin his five-city tour tomorrow in HCM City to launch his newly published memoirs.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.