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Absence of large FDI projects noted (10/8)

10/08/2012 - 14 Lượt xem

So, total amount of FDI in Vietnam in the first seven months of 2012, including the capital of newly licensed projects and increases in the capital of ongoing projects, was US$8.03 billion, equal to 66.9 percent of that in the same period last year.
In the first seven months of 2012, Vietnam disbursed an estimated US$6.25 billion of FDI capital, equal to 99.2 percent of that in the same period last year.
Although the FDI attraction results of the first seven months of 2012 did not meet expectations, the Ministry of Planning and Investment said that compared with the first six months of 2012, the situation of July was much better (in July alone, Vietnam attracted more than US$1.64 billion). So if the situation continues to improve from now to the year end, Vietnam will be able to achieve the goal of attracting US$15-17 billion in 2012.
An FIA report shows that processing and manufacturing industries continued to be the most attractive fields to foreign investors with 258 newly registered investment projects and their capital plus increases in the capital of ongoing FDI projects totaling US$5.50 billion, accounting for 68.5 percent of the total amount of FDI flowing into Vietnam in the first seven months of 2012. In the field of real estate, seven new projects were registered, and their capital plus increases in the capital of ongoing projects totaled US$1.61 billion, accounting for 20.1 percent. FDI in the fields of wholesale, retail and repair reached US$314.2 million, accounting for 3.9 percent of the total, with 102 newly registered projects.
Most of the FDI projects in Vietnam that were licensed in the first seven months of 2012 are small to medium in size. Of these 584 FDI projects, only one real-estate project has investment capital of more than US$1 billion - that is the Japanese-invested Tokyu Binh Duong Garden City project. Fifty five projects have investment capital of US$10 million or more, most of which are in the fields of processing and manufacturing industries and real estate. The remainder includes 111 small and super-small projects in fields such as services, consultancy, trade and software production.
Since the beginning of 2012, 49 countries and territories have invested in Vietnam. Of these, Japan takes the lead with US$4.29 billion, accounting for 53.4 percent of the total amount of FDI attracted by Vietnam in the first seven months. Samoa ranks second with US$889.8 million, accounting for 11.1 percent of the total. The Republic of Korea ranks third with US$607.2 million./.

Source: VietnamNet