Vietnam expects $15b FDI capital attraction in 2012

Speaking at the conference “Economic Forecast in 2012-2015″ on Tuesday, deputy general director of Foreign Investment Agency under the Ministry of Planning and Investment (MoPI), Nguyen Noi said that this year Vietnam expects to attract newly registered FDI (foreign direct investment) capital (including raised FDI capital) at about $15 billion, equalling to the figure in 2011.
The actualised FDI capital would be at $11 billion and it may increase in the next years, according to the Foreign Investment Agency.

According to the statistics, in 2011, newly-pledged and raised FDI capital in Vietnam reached about $14.7 billion, or 74 percent from 2010. Of which, 76.4 percent of FDI capital was for agriculture and construction (the ratio was 54.1 percent in 2010) and 5.8 percent for real estate (it was 34.3 percent in 2010).

Notably, the number of FDI projects worth of billions of US dollar for real estate, iron and steel and cement decreased clearly, Noi said.

The export turnover of FDI enterprises in 2011 reached about $54 billion (including crude oil), accounting for 59 percent of the country’s total export turnover and rising 39.3 percent from 2010, higher than the rise of the local economic area (26.1 percent).

The import value of FDI firms in 2011 was $47.8 billion, rising 29.3 percent from 2010.

Meanwhile, the country’s import growth was 33.3 percent in 2011.

As of December 15, 2011, Vietnam had 13,644 valid FDI projects worth $198 billion, including 54 percent for agriculture and construction sectors. The actualised FDI capital reached $90 billion, or 40 percent of the registered FDI capital. – Vietbiz24

Tags: invest in Vietnam, Vietnam FDI, Vietnam FDI 2012, Vietnam investment

Posted by VBN on Jan 12 2012. Filed under Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry