Vietnam Pledged FDI Down 70% at US$21.48B This Year: Ministry
Vietnam estimates a total pledged foreign direct investment (FDI) of US$21.48 billion this year, down 70% from a year earlier, said the Foreign Investment Agency under the Ministry of Planning and Investment.
In the year, the country licensed 839 new FDI projects worth US$16.34 billion and allowed 215 existing projects to raise their capital by US$5.13 billion, down 75.4% and 1.7% on-year respectively.
This year, Vietnam estimates the FDI disbursement of US$10 billion, down 13% from a year ago.
The tourism and service was the most attractive to foreign investors in 2009, attracting US$8.8 billion, followed by the realty sector with US$7.6 billion and the manufacturing industry with US$2.97 billion.
Among 43 countries and territories making direct investment in Vietnam this year, the U.S. ranked the first, accounting for 45.6% of the country’s total FDI, followed by Cayman Islands, Samoa and South Korea.
The southern province of Ba Ria-Vung Tau remained the most attractive to foreign investors in the year, followed by Quang Nam, Binh Duong, Dong Nai and Phu Yen. (Youth)
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