FDI disbursement surges 4.5% in first two months

VGP – The FDI disbursement volume in the first two months has reached US $1.15 billion, or a year-on-year increase of 4.5%, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MoPI).

February 27, 2011 7:54 AM GMT+7

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The FIA reported that up to Feb. 23 this year, Việt Nam was the home to 93 new licensed projects with the total registered capital of US $1.47 billion and 14 others adding investment with US $86 million.

The processing and manufacturing industries ranked first with 39 new registered projects worth US $1.2 billion, followed by construction with 12 new projects worth US $71.7 million, then retail and wholesale trade, US $48.8 million.

In the reviewed period, Singapore is the biggest foreign investor in the country, with the registered investment capital of US $1.08 billion, followed by British Virgin Island with US $186 million, the Republic of Korea with US $89.9 million, and Malaysia, US $42.7 million.

Generally, southern provinces and cities attracted the bigger amount of foreign investment. Particularly, Hồ Chí Minh City received US $1.1 billion of registered capital, Đà Nẵng with US $180 million, Bà Rịa-Vũng Tàu with US $ 81.4 million, and Đồng Nai, US $47.2 million.

Also in the period, the FDI sector gained an export value of US $6.98 billion, a yearly growth of 40.1% and accounting for 56.6% of the national total export turnover.

On the other hand, the sector imported US $5.93 billion of goods, a year-on-year increase of 31.9%./.

By Kim Anh