FDI flow into Vietnam hits $192.9b

As of December 21, Vietnam had 12,200 valid foreign direct investment (FDI) projects with a total registered capital of $192.9 billion.

Among 92 countries and territories investing in Vietnam, Taiwan (China) emerged as the largest investor with a total registered capital of $22.8 billion.

The Republic of Korea was second with $22.1 billion, followed by Singapore, Japan, and Malaysia with $21.7 billion, $20.8 billion and $18.3 billion respectively.

FDI projects have been present in all 63 provinces and cities in Vietnam.

HCM City has attracted the largest investment with $29.9 billion in 3,500 valid FDI projects, more than the southern coastal province of Ba Ria-Vung Tau, with $26.3 billion in 255 valid projects.

During the 2006-2010 period, the country attracted 7,804 FDI projects with a total pledged capital of $146,781 billion, of which $44,634 billion was disbursed.

Projects licensed in this period were 1,700 more than the previous five years.

According to the Planning and Investment Ministry, FDI enterprises made a remarkable contribution to the country’s socioeconomic development during the period.

In 2010 alone, foreign investors registered capital of nearly $18.6 billion.

Processing and manufacturing industry drew the largest amount of FDI capital with 385 new projects worth more than $4 billion, and some $1 billion injected into 199 operational projects.

This sector accounted for more than 27 percent of total investment capital last year.

FDI enterprises paid $3.1 billion in taxes in 2010, an increase of 26 percent over 2009.

Excluding crude oil, the foreign-invested sector’s exports amounted to $33.9 billion, which represented 46 percent of the nation’s total and was an increase of 40.1 percent over the same period last year.

The foreign-invested sector’s imports grew 39.9 percent to over $36.5 billion, accounting for 42.8 percent of the nation’s total.

Among 51 countries and territories investing in Vietnam in 2010, Singapore was the largest foreign investor with $4.35 billion, accounting for 25.2 percent of the total increased and newly pledged capital.

Netherlands ranked second with $2.364 billion, accounting for 13.7 percent, followed by Japan with $2.04 billion, and then the Republic of Korea, the US and Taiwan.

Topping the list with a record investment capital of $4 billion in 2010 was a Singapore-based company’s South Hoi An resort project in Quang Nam Province, followed by Mong Duong 2 thermo power plant worth $2.1 billion in Quang Ninh Province, and Kobelco Vietnam Iron Nugget Company’s project worth $1 billion in Nghe An Province. – SGGP

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