VN attracts US $15.3 billion FDI in May

An official of the Foreign Investment Agency (Ministry of Planning and Investment) revealed that in May, 130 projects have obtained investment certificates, with the total registered capital of US $7.5 billion.

Given to both new investment capital and additional capital in the past five months, Việt Nam has received US $15.3 billion more, doubling that of the same period in 2007. Noticeably, each project is now worth of US $45.4 on average, the highest level so far.

Such increase, as explained by the official, was resulted from the fact that many big projects have been licensed and put into implementation. Out of 16 projects valuing over US $100 million each, three ones have the total capital of over US $1 billion each.

FDI projects carried out over the past five months are all fully foreign-invested ones.

With the US $4.2-billion Hồ Tràm Tourist Complex (Bà Rịa – Vũng Tàu), Canada has become the biggest investor in Việt Nam to this point of time. Bà Rịa-Vũng Tàu Province has taken the lead among 36 FDI attractions nationwide, followed by Hồ Chí Minh City, Đồng Nai, Kiên Giang, Bắc Ninh and Hà Nội.

Foreign investors tend to invest in services (over 80% of the registered capital). To maintain the FDI growth, it is necessary to make investment policies and procedures transparent, publicize different phases of the issuance of investment certificates, continue to better infrastructure, and speed up the disbursement of FDI capital.

FIA also recommended that a regular dialogue mechanism should be maintained between leaders of the Government, ministries and agencies, and investors so as to timely address problems of current projects.

By Hương Giang