Vietnam FDI attraction halves in Jan-Apr

Till April 22, 2011, Vietnam has granted investment license for 262 new FDI (foreign direct investment) projects, capitalized at $3.205 billion, equaling to only 45.1 percent from the same period last year, the Foreign Investment Department under the Ministry of Planning and Investment (MoPI) reported.

Totally both raised and newly pledged FDI capital in the first four months this year reached $4.024 billion, down 52.2 percent year on year.

In Jan-Apr, FDI disbursement is estimated to reach $3.62 billion, up 0.62 percent year on year.

Manufacturing and processing industry sectors remained the most attractiveness in FDI attraction with nearly $2 billion of newly-granted capital in Jan-Apr and $455.3 million capital raising worth of 75 existing projects, making up 61 percent in the total FDI attraction in Jan-Apr.

Singapore, Hong Kong, Malaysia, Korea and Japan are still Vietnam’s five biggest foreign investors, of which, Singapore took the lead amongst foreign investors in Vietnam, and followed by Hong Kong, Malaysia, Korea and Japan.

Notably, Japan, after the twin-disaster of tsunami and earthquake on March 11, Japanese investors still pledged 55 new FDI projects and 17 existing FDI projects registered to raise investment capital in Vietnam in Jan-Apr.

FDI capital was still mainly poured into five provinces including HCM City, Hanoi, Da Nang, Ninh Thuan and Bac Giang. – Vietbiz24

Tags: invest in Vietnam, Vietnam FDI, Vietnam FDI 2011, Vietnam investment