FDI inflow may touch US$14 bln next year

VGP – Total registered Foreign Direct Investment (FDI) in 2013 is expected to touch US$13-14 billion and the realized capital, around US$10.5-11 billion, according to the Ministry of Planning and Investment.

January 04, 2013 6:51 PM GMT+7

To attract more FDI in 2013, Head of Foreign Investment Department Do Nhat Hoang said the country needs to enhance the quality and effectiveness of planning and management of foreign investment as well as the coordination between State management agencies and localities to push up the disbursement pace.

Besides, the department itself needs to improve investment promotion methods to concentrate on major industries and sectors and reduce further barriers for foreign investors.

As of December 15, 2012, 98 countries and territories have invested in Viet Nam with total registered capital of US $213.6 billion. Japan is the largest investor, accounting for 13.6% of the total registered capital.

From January 1 to December 15, 2012, 1,100 foreign-invested projects were licensed in Viet Nam. The total fresh and additional capital for 435 projects attained US $13.01 billion, equal to 84.7% of the same period in 2011.

The total realized capital achieved US$10.46 billion, equal to 95.1%. The manufacturing and processing industry ranked first in attracting foreign investment with US$9.1 billion, accounting for 70% of the total registered capital.

The additional capital for projects in 2012 increased 58.5% compared to 2011./.

By Thuy Dung