40 new FDI projects for Vietnam

The Ministry of Planning and Investment has announced that only 40 new direct foreign investment projects were granted investment licences in January with a total registered capital of US$182.3 million, equivalent to 15.6 percent of the amount in January last year.

Only five FDI projects had registered for increase of capital this month with a total investment capital of US$5.3 million, equivalent to 17.4 percent of the amount in the same period last year.

In January alone, foreign companies registered to invest US$187.6 million in Vietnam, a decrease of 84.3 percent compared to January last year.

According to the ministry, existing foreign investors have disbursed US$420 million so far this month, showing an annual increase of 5 per cent.

The processing and manufacturing industries had attracted the most attention from foreign investors with 15 projects worth US$70 million (including new and increased capital), which accounted for 37.3 per cent of the total FDI in January.

The construction sector came a close second with nine projects worth US$63.6 million of new and increased capital.

With more than US$78.4 million of new and additional capital, Ba Ria-Vung Tau was the first choice for foreign investment in January. HCM City, Ha Tinh and Hung Yen provinces with capital of US$46.8 million, US$20 million and US$18 million respectively, followed as the next choice destinations. This month 13 nations and territories have invested in Viet Nam.

According to the General Statistics Office, the country’s total export and import turnover in January was estimated at US$13 billion, an increase of 20 percent compared to the same period last year. Exports in Vietnam were valued at US$6 billion and imports at US$7 billion this January. The country’s total export turnover in 2010 reached US$71.4 billion and imports at US$83.5 billion.

By M.Phuong-translated by Thu Minh

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