Vietnam Daily News

Vietnam's FDI attraction in Jan 2012 touches $37.3m

Written by Dailynews.vn Friday, 03 February 2012 19:16

General Statistical Office (GSO) has recently reported that Vietnam's FDI (foreign direct investment) attraction in January 2012 reached $37.3 million, or 2.5 percent from the same period last year. Of which, pledged capital of 25 newly-licensed projects reached $29.5 million, or 33.8 percent in volume and 2.4 percent in value from the same period last year and the raised FDI capital of five existing projects reached $7.8 million. The country's actualised FDI capital in January was estimated at $400 million, down 4.8 percent from January 2011. Regarding the investment structure, in January 2012, pledged foreign investments in Vietnam's manufacturing and processing sectors reached $27.1 million including $26.8 million for 14 newly-licensed projects and $0.3 million worth of raised FDI capital. Construction sector lured $8.4 million, including $1.4 million worth of newly-pledged capital and $7 million worth of raised FDI capital for existing projects. As many as 12 central provinces and cities drew new FDI projects in the first month of this year, of which, HCM City attracted the biggest committed FDI capital of $13 million, or 44.2 percent of the total newly-committed FDI capital and followed by Thanh Hoa with $3.5 million, or 11.9 percent of the total, Ha Nam ($3.2 million) or 10.9 percent and Hung Yen with $3 million, or 10.2 percent of the total. Amongst 11 countries and territories investing in Vietnam, France is Vietnam's biggest foreign investor with $10 million, or 34 percent of the total newly-granted capital and then Japan with $8.1 million (27.4 percent), Korea with $5.4 million (18.4 percent) and Singapore with $2 million, or 6.8 percent of the total. Earlier, Ministry of Planning and Investment had announced the target to attract $15-16 billion of FDI commitment and actualize $11-12 billion in 2012.

Source: www.intellasia.net/news/articles/economy/111355349.shtml