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Foreign direct investment increase in Vietnam
Jun 28, 2012
Industrial processing and manufacturing accounted for 63 per cent of the 72.3 per cent of the registered capital.
Foreign investment in Vietnam has increased by more than 70 per cent y-o-y, reported the Vietnamese government.
In the first half of 2012, Vietnam registered 452 new foreign invested projects, attracting almost US$6.4 billion in investments.
Industrial processing and manufacturing accounted for 63 per cent of the registered capital. Real estate made up for a registered capital total of 25 per cent and group projects in wholesale, retail, repairs accounted for approximately ten per cent, announced the head of Foreign Investment Department.
Foreign direct investment disbursement in June was estimated to total US$890 million – the lowest level in four months. Half way through the year, the total figure reached US$5.4 billion – up nearly two per cent y-o-y, reported Saigon Business.
Japan ranked as Vietnam’s largest investor – making up 65 per cent of total foreign investment and investing US$4.1 billion. Binh Duong Province led foreign investment with US$1.7 billion.
Do Nhat Hoang, director of Foreign Investment Department claimed that foreign investment in Vietnam was stable and that foreign capital structural changes were moving in a positive direction, even though the aim of US$15-17 billion for 2012 foreign direct investment capital is still a long way off target.
“With this momentum, if no big change occurs on the international market and the measures that the government is applying prove to be effective, it is likely we reach the set goal in attracting foreign investment,” stated Mr Hoang.