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

Ha Noi hospital-goers beat heat with free water 1    Ha Noi hospital-goers beat heat with free water

By the time Nguyen Thi Thung, grey-haired and sporting traditional ba ba brown clothes, stops her motorbike near the gates of Ha Noi Cancer Hospital, patients, relatives and street vendors holding empty bottles are already queued up.

Vietnam Airlines launches new-generation Airbus plane Vietnam Airlines launches new-generation Airbus plane

The national flagship carrier Vietnam Airlines held a ceremony on July 2 to receive its first Airbus 350-900 aircraft and announce its upgrade service quality programme and new brand identifying system, marking a major step in bringing the airline into the international arena.

CAAV plan seeks to tighten baggage security 2    CAAV plan seeks to tighten baggage security

The Civil Aviation Administration of Viet Nam (CAAV) has issued a plan for better management and prevention of theft of passengers' baggage and cargo, and to ensure aviation security.

Son makes Dad prize wheelchair 1    Son makes Dad prize wheelchair

Le Van Hoa works through his lunchtime at a workshop at the Hue College of Industry every day, despite the extreme heat. He is finalising an electric wheelchair designed for his father who was paralysed in a motorbike accident 12 years ago.

Prime Minister awards merit certificate to swimmer Vien 1    Prime Minister awards merit certificate to swimmer Vien

Nguyen Thi Anh Vien received a Labour Order third class, and a merit certificate from Prime Minister Nguyen Tan Dung on Monday.