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Economics

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Binh Duong ranks second in FDI attraction in two first months of 2013

According to a report on FDI attraction released by the Foreign Investment Department under the Ministry of Planning and Investment on February 25, Binh Duong ranked second after China. Japan continued taking the lead among 25 countries and territories investing in Vietnam, followed by Taiwan, Singapore, Thailand, Hong Kong, South Korea…

FDI disbursement up 5%

Total foreign direct investment (FDI) to Vietnam is estimated to reach US$630.3 mln in the first two months of this year, a year-on-year decrease by 61.9%, but the country's FDI disbursement during the period rose by 5%, hitting US$1.05 bln, according to the Ministry of Planning and Investment (MPI).

As of February 20, 99 new projects were granted licenses, with total registered capital of US$532 mln, down by 53.9%, while 31 on-going projects expanded their capital with only US$98.3 mln, down by 80.3% compared to the same period last year. Thus, the whole country absorbed additional US$630.3mln or 38.1% against the same period last year. 

Provincial leaders visiting the production line of electronic circuit boards at Matsimura Electronics Industry Vietnam Co.Ltd.

Regarding partners, Japan took the lead among 25 countries and territories investing in Vietnam with the newly registered and expanded capital of US$258mln or 40.9% of total FDI capital flowing into Vietnam. It was followed by Taiwan with the newly registered and expanded capital of US$81.4mln or 12.9% of total; Singapore with the newly registered and expanded capital of US$56mln or 8.9% of total…

Binh Duong accounts for 21.4% of total FDI

Among 17 localities nationwide having FDI, southern Dong Nai province lured most, with US$214.35 mln, accounting for 34%  of the total FDI registered and expanded capital, followed by southern Binh Duong province with US$134.9 mln (21.4 %), and northern Hai Phong city with US$118.1 mln ( 18.7%).

There were big projects granted with licenses during the two-month period, including the Terumo BCT Vietnam Co.Ltd. capitalized at US$98mln; the Shin Mark hospital project with US$80mln; the Pruksa Vietnam Co.Ltd with US$50mln…

According to the Foreign Investment Department, out of 14 areas attracting the most FDI projects and registered capital during the period, manufacturing and processing industries took the lead, with 65 projects and US$408.9 mln that accounted for 64.9% of the country's total FDI capital, followed by the medical and social support with US$80 mln (12.7%) and real estate with US$50.2 mln (8%).

Reported by T.Dong-Translated by K.T

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