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Vietnam's FDI registered capital down, disbursement still up in first 9 months

09-28-2011 10:26 BJT

HANOI, Sept. 27 (Xinhua) -- Foreign direct investment (FDI) projects in Vietnam disbursed 8.2 billion U.S. dollars in September, an increase of 2 percent from the same period last year, reported the Ministry of Planning and Investment (MPI) on Tuesday.

As of Sept. 20, the country granted licenses to 675 new projects with a total registered capital of 8.23 billion U.S. dollars, down 31 percent compared with the same period last year; 178 projects expanded investment scale with registered capital of 1.66 billion U.S. dollars, down 0.3 percent. Total registered capital in the first nine months of both new and expanded projects reached 9.9 billion U.S. dollars, down 28 percent year-on-year, said the report.

Processing and manufacturing industries attracted the most FDI with 300 newly-registered projects, raising total registered capital of 4.91 billion U.S. dollars, accounting for 49.6 percent of the country's nine-month figure.

Electricity, gas and water production and distribution was ranked second, attracting 2.52 billion U.S. dollars (accounting for 25.5 percent), and construction with 689.3 million U.S. dollars (7 percent).

The export value by the FDI sector (including oil and gas) in the first nine months is estimated to reach 38.14 billion U.S. dollars, up 38 percent year-on-year and accounting for 54.5 percent of the country's total export value. Meanwhile, it spent 34.08 billion U.S. dollars for the imports, up 30 percent and accounting for 44.45 percent of the country's total import value.

As a result, FDI sector would have a trade surplus of 4.06 billion U.S. dollars, while the country hit a trade deficit of 6. 74 billion U.S. dollars during the period, reported MPI.

During the period, China's Hong Kong remained Vietnam's largest foreign investor with 2.8 billion U.S. dollars, making up 34 percent of the country's newly registered capital.

Attracting 2.48 billion U.S. dollars, or 30 percent of the country's total FDI, the northern Hai Duong province proved to be the country's ideal destination for foreign investors, followed by southern Ho Chi Minh City with 1.68 billion U.S. dollars, Ba Ria-Vung Tau province with 548 million U.S. dollars, and capital Hanoi with 451 million U.S. dollars.

 

 

Editor:Zhang Rui |Source: Xinhua

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