FDI touches nearly 400 mln in first month

10/02/2014 12:02

The country attracted US$397.1 million in foreign direct investment (FDI) during January 2014, down 22 per cent against the same period last year, the General Statistics Office reported.

Forty new foreign-invested projects, capitalised at $211 million, were granted licences, representing yearly decreases of 51 per cent in the number of projects and 53 per cent in the level of capital invested.

Six other projects, however, were given permission to add a cumulative $186.1 million to their existing investment.

There was good news, though, as January's FDI disbursement saw a slight increase of 3.3 per cent to $465 million, the office said.

During the month, processing and manufacturing industries made up 47.6 per cent of the nation's total FDI, luring $189 million, while the real estate sector accounted for 44.4 per cent, attracting $176.3 million, and other sectors shared the remaining 8 per cent, absorbing $31.8 million.

New projects were licensed in 12 provinces and cities. Among these localities, southern Ba Ria – Vung Tau Province took the lead in terms of FDI attraction with $61.5 million.

This was followed by the northern provinces of Thai Nguyen and Vinh Phuc, with $31.3 million and $31 million, respectively, as well as southern Binh Duong Province with $28.9 million.

Officials report that the majority of January FDI capital came from South Korea ($88.8 million), Malaysia ($27.2 million), France ($19.5 million) and Belgium ($17 million).

Source: Vietnamnet.vn



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