Foreign investors were most interested in the processing and manufacturing industries. From the beginning of 2011 to April 22, Vietnam granted licenses to 130 FDI projects in these industries, with their combined investment capital plus increases in the capital of ongoing projects totaling nearly US$2.45 billion, accounting for 60.8 percent of the total amount of registered FDI capital in Vietnam in that period. In the field of accommodation and food services, three new FDI projects were licensed. So, registered FDI in this field was US$350.68 million (including the capital of newly licensed projects and increases in the capital of ongoing projects), accounting for 8.7 percent of the total. The capital of FDI projects in the fields of water supply, waste treatment, and production, distribution of electricity, gas, water and air conditioners was US$322.21 million, and increases in the capital of ongoing projects in those fields totaled US$266 million.
In the first four months of 2011, some large FDI projects were licensed. Those included a more than US$1 billion project in the field of processing and manufacturing industries of First Solar Vietnam, a Singaporean investor in Ho Chi Minh City; a project of Gamuda Land Vietnam (Malaysia) with total investment capital of US$322.2 million, which aims to design, build and install wastewater treatment works in Hanoi; an electricity production project based in Ninh Thuan Province of Enfinity, an investor from Hong Kong, China, with total investment capital of US$266 million; a US$250 million project of Wintek Vietnam, invested in by Samoa and based in Bac Giang Province to manufacture sensors and LCD (liquid crystal display) modules; and a US$174 million project of the Da Nang Yacht Harbor Company Limited, with investment from the British Virgin Islands.
The Foreign Investment Agency added that since the beginning of 2011, Vietnam has received investment from 29 countries and territories in the world. Singapore takes the lead with nearly US$1.13 billion (including the capital of newly licensed projects and increases in the capital of ongoing projects), accounting for 28.03 percent of the total amount of FDI capital in Vietnam in that period. Hong Kong, China ranks second with US$521.11 million, accounting for 12.95 percent of the total. The third position belongs to Malaysia with US$391.08 million, accounting for 9.72 percent of the total. The Republic of Korea ranks fourth with US$314.79 million, accounting for 7.82 percent of the total. Despite heavy damages caused by the recent earthquake and tsunami, Japan ranks fifth among foreign investors in Vietnam, with US$305.25 million, accounting for 7.59 percent of the total.
Ho Chi Minh City took the lead in attracting FDI in the first four months of 2011 (more than US$1.13 billion). It was followed by Hanoi (US$430.48 million). Da Nang ranked third with US$364.68 million. Ninh Thuan and Bac Giang attracted US$266 million and US$254.5 million respectively.
In the first four months of 2011, the export value of FDI companies (including oil and gas businesses) was estimated to total more than US$15.19 billion, up 37.1 percent compared with the same time of 2010 and accounting for 56.4 percent of the country's total export value. The export value of FDI companies, not including oil and gas businesses, was estimated at more than US$12.73 billion or 47.27 percent of the country's total export value, up 36.2 percent compared with the same time of 2010. The import value of FDI companies reached more than US$13.88 billion, up 35.5 percent compared with the first four months of 2010 and accounting for 43.6 percent of the country's total import value. In the first four months of 2011, the foreign invested sector had a trade surplus of nearly US$1.31 billion while the whole country had a trade deficit of nearly US$4.9 billion./.
Source: VEN