Disbursed FDI rises 4.5% as registered capital falls
Disbursed FDI rises 4.5% as registered capital falls
Viet Nam gained a year-on-year increase of 4.5 per cent in total disbursed foreign direct investment (FDI) to US$7.9 billion for the first eight months of 2014.
However, figures from the General Statistics Office (GSO) also showed that from January 1 to August 20, the country's registered FDI capital decreased 19 per cent year-on-year to $10.23 billion.
Of these, the total registered value of new FDI projects fell by 2.1 per cent year-on-year to $7.25 billion while the number of new FDI projects surged by 29 per cent year-on-year, from 769 to 922. An estimated 349 existing FDI projects were registered to add $2.98 billion in capital.
The GSO said the processing industry attracted the largest FDI at $7 billion for the first eight months of this year, accounting for 68.4 per cent of total registered FDI capital. This was followed by the real estate industry with $1.15 billion and the construction industry with $552.9 million.
Exactly 45 provinces and cities nationwide has attracted FDI projects in the first eight months this year. Bac Ninh province topped the list with the largest amount of total registered FDI capital at $1.26 billion, accounting for 17.4 per cent of the country's total registered FDI capital. It was followed by HCM City, Quang Ninh Province, Hai Phong City and the provinces of Binh Duong, Dong Nai and Hai Duong.
South Korea was the largest among the country's 48 foreign investors with a total FDI capital of $2.47 billion, or 34.1 per cent of total newly-registered FDI capital. Other large investors were Hong Kong, Japan, Singapore and Taiwan, as well as Indonesia and the Virgin Islands of the United Kingdom.
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