FDI target within reach, official says

VGP – The target of luring US$15-16 billion in foreign direct investment and realizing disbursement level of someUS$10 billion is within reach this year, said an official.

June 28, 2012 5:31 PM GMT+7

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Head of the Foreign Investment Agency (FIA) under the Ministry of Investment and Planning Do Nhat Hoang told reporters on Thursday.

Mr. Hoang said that the goal was set in consideration of possible internal and external impacts on investment. However, there have been numerous unexpected factors hindering the FDI inflow in Vietnam.

In the first half, the total registered FDI was capitalized at US$6.4 billion and disbursement was estimated at US$5.4 billion.

Statistics show that the disbursement rate remains stable over the recent years. This reflects positive signs in the economy especially in the context of global economic downturn.

Regarding FDI structure in 2011, manufacturing made up 64% of the total FDI value. In the first half of 2012, the sector occupied 65.3%. Meanwhile, in the same periods, service sector accounted for 35% and 34% respectively and agriculture increased by 0.4% in 2011 and 0.9% in the first six months of 2012./.

By Khanh Phuong