FDI in October falls, disbursement on rise
19:06 | 26/10/2010
VGP – The foreign direct investment inflow in the first ten months of 2010 has reached over US $12.7 billion, down by 41.9% against the same period last year, making it impossible for Việt Nam to realize the preset whole year target of US $22 billion, according to the Foreign Investment Agency (FIA).  

Illustration photo

October’s FID inflow continued to shrink, opposite to the rising disbursement rate.

The total newly registered and added investment capital in October has just stood at US $604 million.

Since the beginning of the year, Việt Nam has licensed 759 new projects worth of US $11.5 billion.

Meanwhile, the disbursed volume has amounted US $950 million this month and US $9 billion in the January-October period, up by 7.1% against the same period last year.

In terms of FDI structure, processing and manufacturing industries have attracted some US $4 billion for ten months, followed by electricity generation-water supply US $2.9 billion, real property US $2.8 billion. The considerable FID inflow in manufacturing sector is partly attributed to the country’s economic recovery.

The Netherlands takes the lead in investing in Việt Nam during the past ten months, with the total capital investment of over US $2.2 billion.

Attracting US $2.37 billion, the Southern province of Bà Rịa–Vũng Tàu is the biggest FDI receiver in the reviewed period.

By Hải Minh

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