FDI Disbursement Rises; Attraction Drops
Vietnam’s disbursement of foreign direct investment (FDI) in the first eight months of 2011 hit US$7.3 billion, a year-on-year increase of 1%, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The data released by the FIA shows FDI disbursement is gradually recovering after slumping from its US$1.4 billion record in March.
Disbursement in both July and August hit US$1 billion, whereas the figures for May and June were US$900 million and US$780 million, respectively.
However, newly registered investment is declining. In the first eight months of 2011, only 582 projects were licensed with a total registered investment of US$7.94 billion, down 30% from the corresponding period last year.
During the same period, 168 existing projects registered to raise their capital by US$1.62 billion, a slight increase of 1%.
Newly registered investment and the additions to existing projects bring the total FDI for eight months to US$9.5 billion.
Over 48% of the total FDI in Vietnam has been flowing into the manufacturing sector.
Hong Kong is still the leading investor in Vietnam with total capital investment of US$2.9 billion, accounting for 30.3% of the country’s FDI, followed by Singapore and the Republic of Korea with US$1.45 billion and US$851 million, respectively.
Nhan Dan
Vietnamese
