FDI Firms Obtain Revenues of US$30.2 Bln in Jan-August
Foreign direct investment (FDI) businesses in Vietnam reported revenues of US$5 billion in August, raising their total revenues in the first eight months of this year to US$30.25 billion, said the Ministry of Planning and Investment (MPI).
The figure of US$30.25 billion, excluding the oil and gas sector, represents an on-year rise of 33.1 per cent, the MPI said.
The FDI sector contributed US$1.4 billion to the state budget during the eight-month span, up 33.5 per cent on-year, MPI added.
During the period, FDI companies posted export value of US$15.88 billion, representing an on-year rise of 28 per cent.
They disbursed some US$8 billion between January and August, up 42.9 per cent compared to the same time of 2007, the MPI said.
The disbursed FDI capital is expected to exceed US$11 billion in 2008 if barriers continue to be lifted for facilitating additional inflows, said Cao Viet Sinh, Deputy MPI Minister.
Hanoi, Ho Chi Minh City, Binh Duong, Dong Nai and Ba Ria-Vung Tau remain the country’s top FDI magnets, making up almost 40 per cent of the disbursement stock. (Investment, The People)
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