Vietnam has also licensed 65 new FDI projects capitalised at US$910.9 million, and 25 existing projects with an additional US$320 million in the review period.

As a result, the country has attracted US$1.23 billion in FDI in two months, or 45 percent of the figure a year ago.

The processing and manufacturing sectors topped the project list, registering nearly US$12 billion in capital. The construction sector came second with just US$12.5 million.

Among the investment destinations, the northern port city of Haiphong took the lead, attracting US$605 million, followed by Khanh Hoa, Binh Duong and Dong Nai provinces.

As many as 23 countries and territories have invested in Vietnam in the past two months, and Japan became the largest foreign investor, luring nearly US$1.1 billion in capital, or 87.5 percent of the total.   

Instead of targeting capital amounts, Vietnam will improve the disbursement of FDI capital and the efficiency of investment projects in 2012, according to the Ministry of Planning and Investment.