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VietNamNews

FDI disbursement increases slightly

Update: May, 27/2014 - 08:55

HA NOI (VNS)  — The country's foreign direct investment (FDI) capital disbursement in the first five months of the year inched up 0.4 per cent against the same period last year to US$4.6 billion.

This announcement was made by the Ministry of Planning and Investment's Foreign Investment Agency yesterday.

However, registered capital in the period declined 34 per cent to $5.51 billion.

The figure also revealed that of the total, $3.67 billion went into 500 newly licensed projects, while 167 existing projects added $1.84 billion to their capital.

The manufacturing and processing sectors took the lead in attracting FDI capital, with 254 new projects at $3.92 billion, accounting for 71.2 per cent of the total.

The construction sector ranked second with 49 projects, with a total investment of $463.17 million, accounting for an 8.4 per cent share, followed by the property trading sector, with 9 projects worth $399.33 million (7.2 per cent), and the health care and social support sector, with $225.93 million.

Of the 38 countries and territories investing in Viet Nam in this period, South Korea was the largest investor, with both newly registered and additional capital totalling $1.31 billion or a 24 per cent share, followed by Hong Kong, Japan and Singapore, with $629.9 million, $588.6 million and $513.3 million, respectively.

The southern province of Binh Duong topped the list of FDI destinations, attracting $813.59 million, accounting for 14.8 per cent of the country's total, followed by HCM City, with $775.62 million, and Dong Nai, with $579.74 million.

FDI firms in the first five months fetched $39.45 billion from exports, up 17.1 per cent against the same period last year, accounting for 67 per cent of the country's total export value. In this period, the firms had spent $32.55 billion for imports, up 11.4 per cent, accounting for 57 per cent of the country's total import revenue. — VNS

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