In Jan-Nov, Vietnam has licensed 1,059 FDI projects valued at US$59 billion, a seven fold rise on year, and 242 existing FDI projects have been added with US$1.08 billion. FDI disbursements totaled US$10 billion, up 44.2 per cent on year, the department said.
In Nov, Vietnam has granted licenses to an additional 106 FDI projects with registered capital of US$726 million, the department added.
Phan Huu Thang, head of the MPI's Foreign Investment Department forecast that Vietnam will likely lure US$65 billion of FDI this year, rising three folds from a year ago, and FDI disbursements may reach US$11 billion, up 37 per cent on year, the highest level.
The foreign-invested sector is predicted to see revenue growth of 29.3 per cent, exports revenue jump of 27.3 per cent (excluding crude oil exports), and imports to rocket 38.5 per cent this year, Thanh said.
The global recession will have direct impacts on FDI inflows to Vietnam, Thang said.
Vietnam has cut FDI attraction target to US$30 billion next year and expect to receive US$12 billion-US$13 billion of FDI, up 9 per cent to 12 per cent on year. (Investment, Vietnam & World Report)
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