FDI disbursements slow down in 8 months

VGP - Foreign direct investment (FDI) projects in Viet Nam disbursed nearly US$7.3 billion in capital in the first 8 months of this year, down 0.3% against the same period last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

August 28, 2012 6:25 PM GMT+7

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The country expects FDI disbursements at some US$10 billion this year.

In the January-August period, the country lured nearly US$8.5 billion in FDI, down 34% year on year. Of the amount, over US$5.7 billion went to 281 projects in the processing and manufacturing industries.

Japan topped the list of 52 countries and territories investing in Viet Nam, with over US$4.3 billion. It was followed by Samoa and the Republic of Korea.

Among 63 cities and provinces nationwide, southern Binh Duong Province attracted the largest FDI amount, which is worth over US$1.8 billion. The runners-up are the northern port city of Hai Phong and the southern province of Dong Nai.

By Ngoc Van