Jan 27, 2013

Vietnam - January sees 37 FDI projects licensed

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Less than one month into 2013, the country has licensed 37 foreign direct investment (FDI) projects, worth $257.1 million in registered capital, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In addition, 9 existing projects added $24.3 million to their registration capital, bringing the total amount of FDI capital inflow by January 20 to $281.4 million, up 74 per cent compared to the same month last year.

The largest portion of FDI inflows was poured into processing and manufacturing industry, accounting for nearly 72.1 per cent of total invested capital.

Japan topped the list of investors with $157.7 million in newly granted and additional capital, followed by Thailand and France with 19.3 percent and 7.1 per cent, respectively.

Dong Nai, Hai Phong and Binh Duong are the three most popular destinations for foreign investors this year.

According to the FIA , FDI disbursement was estimated at $420 million, up 5 per cent year-on-year. The FDI sector expects to bring in $6.61 billion from exports in January, accounting for 65.49 per cent of the country’s export earnings.


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