FDI in Vietnam surges 17%
Vietnam has successfully placed itself on the radar of international investors and attracted more than $8.2 billion in foreign direct investment (FDI) in the first four months of 2013, an increase of 17 per cent over the same period last year, the Vietnamese Ministry of Planning and Investment said on May 3. The amount is already more than a half of expected FDI inflow for 2013.
During the period, the ministry granted licenses to 341 new FDI projects with a total registered capital of nearly $4.9 billion, up 14.9 per cent. Furthermore, 121 existing projects expanded their capital by $3.34 billion, up 20.7 per cent.
The capital went mainly to the processing and manufacturing industries. Real estate came next. Among 37 countries and territories investing in Vietnam so far this year, Japan was the biggest investor, with registered capital of $3.6 billion, accounting for 44.2 per cent of the total registered capital to the country. Singapore came second with $2.3 billion, and Russia with $1.1 billion.
Central Thanh Hoa province topped the list of FDI attraction due to an increase in registered capital for the Nghi Son oil refinery, ahead of northern Thai Nguyen province and central Binh Dinh province.
Set targets for FDI attraction in 2013 are $14-15 billion, according to the ministry.
Vietnam has successfully placed itself on the radar of international investors and attracted more than $8.2 billion in foreign direct investment (FDI) in the first four months of 2013, an increase of 17 per cent over the same period last year, the Vietnamese Ministry of Planning and Investment said on May 3. The amount is already more than a half of expected FDI inflow for 2013. During the period, the ministry granted licenses to 341 new FDI projects with a total registered capital of nearly $4.9 billion, up 14.9 per cent. Furthermore, 121 existing projects expanded their capital by $3.34...
Vietnam has successfully placed itself on the radar of international investors and attracted more than $8.2 billion in foreign direct investment (FDI) in the first four months of 2013, an increase of 17 per cent over the same period last year, the Vietnamese Ministry of Planning and Investment said on May 3. The amount is already more than a half of expected FDI inflow for 2013.
During the period, the ministry granted licenses to 341 new FDI projects with a total registered capital of nearly $4.9 billion, up 14.9 per cent. Furthermore, 121 existing projects expanded their capital by $3.34 billion, up 20.7 per cent.
The capital went mainly to the processing and manufacturing industries. Real estate came next. Among 37 countries and territories investing in Vietnam so far this year, Japan was the biggest investor, with registered capital of $3.6 billion, accounting for 44.2 per cent of the total registered capital to the country. Singapore came second with $2.3 billion, and Russia with $1.1 billion.
Central Thanh Hoa province topped the list of FDI attraction due to an increase in registered capital for the Nghi Son oil refinery, ahead of northern Thai Nguyen province and central Binh Dinh province.
Set targets for FDI attraction in 2013 are $14-15 billion, according to the ministry.
