Wednesday, October 18 2017

VietNamNews

FDI figure revised for 2012

Update: March, 13/2013 - 09:18
Workers produce electronic devices at the Japanese-invested Mtex-Semiconductor Co in HCM City. FDI pledged in the country rose 4.7 per cent in 2012 to $16.3 billion. — VNA/VNS Photo Thanh Vu

HA NOI (VNS)— Foreign direct investment (FDI) pledged in the country rose by 4.7 per cent to US$16.3 billion in 2012, according to a revised report released by the Ministry of Planning and Investment's Foreign Investment Agency on Monday.

Earlier in December, the agency announced that the country had attracted $12.7 billion in FDI for the year, down by 18 per cent year-on-year due to the global economic slowdown.

According to the new report, up to 1,287 new foreign-invested projects were granted licences with a total registered capital of $8.6 billion in 2012 or equivalent to 71.2 per cent of the total figure.

The reviewed period also saw a slight decrease of 4.9 per cent in FDI disbursement, reaching $10.46 billion.

In another bright spot, 550 operating projects were allowed to increase their levels of capital by $7.7 billion, over doubled the figure of the previous year.

Manufacturing and processing attracted the lion's share of FDI, reaching $11.7 billion or 72 per cent of the country's total registered capital. The real estate industry followed with $1.9 billion, 12.1 per cent of the country's total capital.

The report showed that Japan remained Viet Nam's largest foreign investor with $5.59 billion, 34.2 per cent of the total FDI registered in the country. It was followed by Taiwan ($2.6 billion) and Singapore ($1.9 billion). The country's other major sources of investment included South Korea, Samoa, British Virgin Islands and Hong Kong.

The southern province of Binh Duong was the most attractive destination to foreign investors last year with more than $2.79 billion, accounting for 17.1 per cent of the country's total registered capital. The central province of Ha Tinh, Ha Noi and HCM City followed with $2.14 billion and $1.3 billion, respectively.

As of December 31, the country is home to 14,522 valid foreign-invested projects with capital totaling $210.5 billion with manufacturing and processing being the most attractive industries to foreign investors. — VNS


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