Good news of FDI in VN

FDI disbursement rate in 2008 is expected to hit the record during the past 20 years

Foreign investors have disbursed US $950 million in November, making the total capital disbursement to reach US $10 billion in the first 11 months, an increase of 44% over the same period last year.

The foreign-invested sector’s turnover has stood at US $45.4 billion in eleven months, up 26.3%. This sector has created 1.452 million jobs so far.

This month alone, 106 new projects have been licensed with the total capital of US $726 million. Thus, the year’s total registered capital has so far reached US $59 billion, seven times higher compared with the same period of the last year.

The newly-registered investment capital has mainly poured in industry and construction, with 537 projects and US $32.5 billion.

With 44 projects worth of US $14.9 billion, Malaysia still ranks top out of 44 countries and territories doing investment in Việt Nam.

The southern province of Ninh Thuận overtook all the other 43 localities nationwide in attracting FDI by hosting a US $9.79-billion steel joint-venture between Malaysia’s Lion Group and Vinashin.

In November, 25 projects have been provided with an additional sum of US $272 million. These figures in the eleven months were 242 projects and US $1.08 billion.

According to the MPI’s Foreign Investment Department, FDI disbursement rate in 2008 is expected to hit the record during the past 20 years.

The Department said that it will focus on revitalizing trade promotion activities and perfecting legal documents on foreign investment to ease the disbursement rate.

By Quang Minh