This
took the total registered FDI capital attracted by the country in the
first five months of 2013 to US$8.517 billion, up 8.9 percent from the
same period in 2012. About US$4.58 billion in FDI was invested in
Vietnam in the first five months of this year, up 1.6 percent compared
to the same period of last year.
In
the first five months of 2013, there were 40 countries and territories
investing in Vietnam. Japan took the lead with US$3.693 billion in newly
registered and increased capital (accounting for 43.4 percent of all
FDI that Vietnam attracted in the five months), Singapore ranked second
with US$2.359 billion (27.7 percent), and Russia ranked third with
US$1.015 billion (11.9 percent).
Processing
and manufacturing ranked first among the 18 sectors attracting FDI in
the first five months of 2013 with 191 newly licensed projects and
US$7.597 billion in newly registered and increased capital (accounting
for 89.2 percent of the total).
Thanh
Hoa Province was the biggest FDI attractor in Vietnam with US$2.8
billion in newly registered and increased capital (accounting for 32.9
percent of the total). It was followed by Thai Nguyen Province with
US$2.033 billion in newly registered and increased capital (accounting
for 23.9 percent of the total) and Binh Dinh Province with US$1.009
billion (accounting for 11.8 percent of the total).
Many
economists have said that they expect a breakthrough in FDI attraction
in 2013. This optimism is based on reports that many large FDI projects
are preparing to come to Vietnam. After investing more than US$2 billion
to construct a cell phone and hi-tech product assembly plant in Thai
Nguyen Province, the Samsung Group plans to invest a factory
specializing in manufacturing and assembling microprocessor and
integrated circuits with a total investment of US$1.2 billion. Samsung
also plans to increase its capital by US$$1 billion in Bac Ninh
Province. The LG Electronics Co., Ltd. Vietnam plans to invest an
additional electronic project worth US$300 million in the Trang Due
Industrial Zone in the city of Hai Phong.
The
Petroleum Authority of Thailand (PTT)’s US$27 billion Nhon Hoi oil
refinery project in Binh Dinh Province is supported by the Vietnamese
prime minister. If it is successful the total registered FDI capital in
Vietnam in 2013 will increase considerably./.
Source: VEN.