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Vietnam's FDI attraction down 15.3 pct in 2012
2012-12-26 10:30

HANOI, Dec. 25 -- Vietnam attracted over 13 billion U. S. dollars in Foreign Direct Investment (FDI) in 2012, a decrease of 15.3 percent over last year, according to the website of Vietnam's Ministry of Planning and Investment on Tuesday.

During the period, some 1,100 new FDI projects worth 7.85 billion U.S. dollars were licensed, and 435 on-going projects expanded investment with the additional registered capital of 5.15 billion dollars.

According to the ministry, manufacturing and processing sector was the most attractive industry to foreign investors this year with total 9.1 billion dollars investment, accounting for 69.9 percent of the country's total registered capital.

The real estate industry followed behind with 1.85 billion dollars (14.2 percent), while the retail and repair sector came third with 483 million U.S. dollars (3.7 percent).

Japan remained the country's largest FDI investor among 58 countries and territories with total newly registered and expanded capital of 5.13 billion dollars, accounting for 39.5 percent of the total figure. Singapore ranked second with 1.72 billion dollars, followed by South Korea with 1.17 billion dollars.

The southern Binh Duong province continued to be the most attractive destination to foreign investors this year with 2.53 billion dollars, making up 19.5 percent of the country's total FDI investment, while northern Hai Phong port city ranked second with 1.16 billion dollars and southern Ho Chi Minh City came third with 1.11 billion dollars.

During the period, the country disbursed 10.46 billion dollars out of the total FDI investment, down 4.9 percent against 2011, said the ministry.

The FDI sector's export turnover in 2012 is expected to reach 73.4 billion dollars, up 33.2 percent year-on-year and accounting for 64 percent of the country's total export value, while its import value is expected to hit 60.33 billion dollars, up 23.5 percent and accounting for 52.76 percent of the country's import value. Overall, the FDI sector gained a trade surplus of 13.07 billion dollars.

The country's goal for FDI next year is expected to hit 14-15 billion dollars, of which around 10-11 billion dollars would be disbursed, according to the ministry.

Source:Xinhua Net