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FDI disbursement may reach USD10 billion

Jul 10th at 13:03
10-07-2012 13:03:24+07:00

FDI disbursement may reach USD10 billion

FDI disbursement may reach USD10 billion this year despite the sharp decrease in FDI inflow in the first six months of 2012, according to Mr. Do Nhat Hoang, Head of the Foreign Investment Agency under the Ministry of Planning and Investment.

By the end of June, Vietnam had lured USD6.4 billion, down 27.3% against the same period last year.

Economists attributed the FDI decrease to slow global economic recovery and the Government’s requirement for enhancing management and improving the quality of the FDI inflow.

The total registered capital is forecast to drop in the short term but it will bounce back in medium and long term.

In the reviewed period, processing and manufacturing sector ranked first in FDI attraction, followed by real estate.

Japanese investors took the lead with 65% of the FDI inflow while Binh Duong was the top FDI receiver in the period.

sbv

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