FDI indexes prove signs of economic recovery
08:42 | 28/04/2010

VGP – Disbursement of FDI reached US $900 million in April, raising the total figure in the first four months to US $3.4 billion, or an increase of 36% against the same period of 2009, the General Statistics Office reported.

Most of the FDI indexes show positive signs in the first fourth months

The average FDI disbursement stood at US $850 million/month, a high rate since the outbreak of the global economic downturn.

Meanwhile, the registered FDI inflow started to accelerate though being far to meet the figure of last year’s same period.

Statistics indicate that the index reached US $5.92 billion in the first four months, or equivalent to 74.3% compared to the same period last year.

In the reviewed period, 263 new projects were licensed with the total registered capital of US $5.6 billion, down by 19.6% in terms of the number of projects, but up by 58.5% in terms of capital size.

The rate of additional capital, however, moved slowly. Only 92 projects raised investment capital to gross US $325 million, or 69.7% in terms of the number of projects and 7.3% in terms of capital size in comparison with the data of the same period last year.

Out of 31 countries and territories setting business foot in Việt Nam, top investors switched their positions and investment capital volume.

The Netherlands, with one new project, superseded the US to become Việt Nam’s biggest investor with the total investment of US $2.15 billion in the first fourth months. Japan jumped from the 8th position to the second with US $1.1 billion, and followed by the US with US $1.02 billion.

At local level, the northern province of Quảng Ninh was the top FDI receiver, followed by the central province of Nghệ An, and the southern province of Bà Rịa-Vũng Tàu and Hồ Chí Minh City.

Experts evaluated that the acceleration of some FDI indexes represented the recovery of the global economy and investors’ stronger confidence in Việt Nam’s business environment.

In recent years, Việt Nam pays great attention to environment protection. All enterprises, even FDI ones, will be subjected to serious penalties if they infringe the country’s environmental regulations. Most recently, Taiwan-based Tung Kuang Industrial Joint Stock Company located in Hải Dương Province was caught red-handed in discharging untreated wastewater into the local river.

By Hải Minh

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