FDI capital down in January
(VOV) - Vietnam attracted US$397 million in foreign direct investment (FDI) capital in January, equal to 78% of January 2013’s figure.
Six existing projects registered an additional 186 million, up 183% compared to the previous year, according to the Ministry of Planning and Investment.
They include a Singaporean-invested VSIP Haiphong project to supply urban management and industrial services, and a Midea Consumer Electric Vietnam-invested project to produce electric equipment and components in Binh Duong province.
In January, 40 new projects were licensed totaling US$211 million, equal to 47% of the corresponding figure last year.
On the contrary, FDI disbursement rose 3.3% in the reviewed period to around US$465 million.
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The FDI sector’s exports (including crude oil) were valued at approximately US$6.78 billion, equal to 90.8% of last year’s figure and accounting for 65.83% of the country’s total export value.
Foreign investment was channeled into nine key areas, with the processing and manufacturing industry taking the lead with 25 projects capitalized at US$189.04 million. It was closely followed by real estate and logistics attracting US$176.33 million and US$17.05 million, respectively.
Singapore topped the list of foreign investors in Vietnam in January, pouring in US$132.65 million. It was followed by the Republic of Korea (US$88.8 million) and Hong Kong (US$44 million).
Haiphong city was the biggest FDI attractor with US$123.3 million or 31.05% of the total. Binh Duong and Ba Ria-Vung Tau came in second and third, with US$71.32 million and US$61.54 million, respectively.