FDI disbursements total US$ 8.1 bln

VGP – Disbursements of Foreign Direct Investment (FDI) approached US$ 8.1 billion in the first nine months, equivalent to the same period in 2011.

September 26, 2012 5:53 PM GMT+7

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The figure was contained in the Foreign Investment Agency (FDI)’s preliminary report on FDI attraction in the first nine months of 2012.

The report showed FDI-registered capital was US$ 9.53 billion, representing a 27.9% year-on-year decline.

The processing and manufacturing industry led others in FDI attraction, drawing in US$ 6.24 billion, accounting for 65.5% of the total FDI.

The real estate sector came in next with US$1.8 billion, making up 19% of the total FDI attraction, while the wholesale and retail sale trade and repairing sector attracted over US$ 400 million.

The southern province of Binh Duong became the most attractive destination for FDI, drawing in US$ 2.16 billion in 74 newly-licensed projects. The northern province of Hai Phong ranked second with US$ 1.1 billion and the southern province of Dong Nai came in third with US$ 991 million.

It was noted that Japanese businesses contributed almost 50% of the total registered FDI capital through 203 new projects worth of US$ 4.68 billion.

Of 775 projects licensed in the first nine months, only one on real estate had an investment exceeding over US$1 billion and 64 others with over US$10 million in value each./.

By Kim Loan