Though foreign direct investment (FDI)
capital flow into Vietnam kept declining in the first four months of the year,
FDI disbursements remained stable.
US$1.09
billion was disbursed by foreign-invested businesses in April, taking the total
in January-April to US$3.61 billion, equivalent to the same period last month,
according to the Foreign Investment Agency of the Ministry of Planning and
Investment.
Compared
to the newly-registered capital of US$4.2 billion in the period, a year-on-year
drop of 32%, FDI disbursements in the year to end-April had stayed at a stable
level despite the bleak economic picture.
If this
level is maintained, the target for US$10-11 billion disbursements set by the
Ministry of Planning and Investment will be attainable, said experts. The
ministry set the same target for FDI attraction this year.
The FDI
disbursement target for this year is similar to what was achieved in 2010 and
2011. Given the result of the first four months, FDI project implementation has
been kept stable over the past two years.
The
country is paying more attention to FDI disbursements than FDI commitments this
year, so only projects that are deemed as feasible can seek approval.
Despite
a smaller number of projects, the property sector attracted the most pledged
FDI capital in January-April, at US$1.57 billion, with the Japan-invested Tokyu
Binh Duong project alone accounting for US$1.2 billion.
The
Tokyu project turned Binh Duong into the province in the country having the
most registered FDI capital, at US$1.4 billion, followed by Haiphong, Quang
Ninh and Ninh Binh.
Japan
has emerged as Vietnam’s biggest foreign investor, with US$2.36 billion
committed, 76% of the total registered foreign capital, in the year to date.
The
Ministry of Planning and Investment expects the country to lure US$15-16
billion in FDI this year, nearly the same as last year.
Saigon
Times
Business & Investment Opportunities
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