Foreign investors disburse US $1 billion in first two months

VGP - The total FDI capital disbursement volume is estimated at US $1 billion in the first two months of 2011, equivalent to 91% of the same period last year, according to the Foreign Investment Agency.

February 25, 2012 8:49 AM GMT+7

The total registered capital in the first two months stood at US $1.23 billion with 65 fresh projects and 25 others expanding business scope. Foreign investors pleadged to pour US $994.29 million in processing and manufacturing sectors.

Of the foreign investors, Japan took the lead in terms of new projects, most of which are 100% foreign-funded enterprises.

Meanwhile, the Northern city of Hải Phòng ranked first in FDI attraction with US $605,16 million, followed by Khánh Hòa, Bình Dương and Đồng Nai that lured over US $100 million each but Hà Nội and Hồ Chí Minh City only attracted US $94.27 million and US $41.87 million, respectively.

Also in the first two months, FDI sector's total export revenue was estimated at US 9.612 billion, an increase of 41% against the same period last year.

The Foreign Investment Agency in 2012, việt Nam will shift foreign investment attraction from quantity to quality and efficiency.

By Hải Minh